Cornercap Investment Counsel Inc. Has $674,000 Stake in V2X, Inc. (NYSE:VVX)

Cornercap Investment Counsel Inc. cut its stake in V2X, Inc. (NYSE:VVX - Free Report) by 49.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,058 shares of the company's stock after selling 11,717 shares during the quarter. Cornercap Investment Counsel Inc.'s holdings in V2X were worth $674,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VVX. Systematic Financial Management LP lifted its stake in V2X by 152.7% during the 2nd quarter. Systematic Financial Management LP now owns 279,486 shares of the company's stock valued at $13,404,000 after acquiring an additional 168,886 shares during the period. Vanguard Group Inc. raised its stake in V2X by 0.9% during the first quarter. Vanguard Group Inc. now owns 588,232 shares of the company's stock worth $27,476,000 after purchasing an additional 5,259 shares during the period. Factorial Partners LLC grew its position in V2X by 28.6% in the second quarter. Factorial Partners LLC now owns 54,000 shares of the company's stock worth $2,590,000 after acquiring an additional 12,000 shares during the period. Sei Investments Co. grew its holdings in shares of V2X by 243.3% during the 2nd quarter. Sei Investments Co. now owns 73,653 shares of the company's stock worth $3,532,000 after purchasing an additional 52,197 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of V2X by 50.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 13,212 shares of the company's stock valued at $634,000 after acquiring an additional 4,419 shares during the last quarter. 95.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on VVX. Baird R W upgraded V2X to a "strong-buy" rating in a report on Friday, October 11th. Robert W. Baird began coverage on shares of V2X in a research note on Friday, October 11th. They set an "outperform" rating and a $75.00 price target on the stock. Royal Bank of Canada restated an "outperform" rating and set a $70.00 target price on shares of V2X in a research report on Tuesday, November 5th. JMP Securities upped their price objective on V2X from $65.00 to $80.00 and gave the company a "market outperform" rating in a research note on Tuesday, November 5th. Finally, Raymond James lifted their target price on shares of V2X from $60.00 to $72.00 and gave the company a "strong-buy" rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, V2X currently has an average rating of "Buy" and a consensus price target of $70.60.

Insider Transactions at V2X

In related news, CAO William Boyd Noon acquired 1,000 shares of the business's stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $48.00 per share, with a total value of $48,000.00. Following the transaction, the chief accounting officer now owns 10,931 shares of the company's stock, valued at $524,688. The trade was a 10.07 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric M. Pillmore purchased 3,125 shares of the firm's stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $48.00 per share, with a total value of $150,000.00. Following the completion of the purchase, the director now directly owns 41,516 shares in the company, valued at approximately $1,992,768. This represents a 8.14 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 11,936 shares of company stock valued at $572,928. Corporate insiders own 1.10% of the company's stock.

V2X Price Performance

Shares of NYSE:VVX traded down $2.46 during trading hours on Friday, hitting $56.96. 600,185 shares of the company's stock traded hands, compared to its average volume of 230,980. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. The company's fifty day simple moving average is $59.13 and its two-hundred day simple moving average is $52.61. V2X, Inc. has a 52 week low of $37.04 and a 52 week high of $69.75. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 203.44 and a beta of 0.57.

V2X (NYSE:VVX - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.22. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. V2X's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.73 earnings per share. As a group, equities analysts anticipate that V2X, Inc. will post 4.14 EPS for the current fiscal year.

About V2X

V2X, Inc provides critical mission solutions and support services to defense clients worldwide. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian, and international clients. The company was incorporated in 2014 and is headquartered in Mclean, Virginia.