Sei Investments Co. Decreases Stake in V2X, Inc. (NYSE:VVX)

Sei Investments Co. cut its holdings in shares of V2X, Inc. (NYSE:VVX - Free Report) by 7.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,609 shares of the company's stock after selling 5,393 shares during the period. Sei Investments Co. owned about 0.20% of V2X worth $3,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. purchased a new stake in shares of V2X in the fourth quarter worth about $13,947,000. Zimmer Partners LP acquired a new position in V2X in the third quarter valued at approximately $14,659,000. Assenagon Asset Management S.A. boosted its position in V2X by 1,014.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 231,592 shares of the company's stock worth $11,077,000 after purchasing an additional 210,814 shares in the last quarter. Systematic Financial Management LP grew its stake in shares of V2X by 43.5% during the 3rd quarter. Systematic Financial Management LP now owns 401,121 shares of the company's stock worth $22,407,000 after purchasing an additional 121,635 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of V2X during the 3rd quarter valued at approximately $5,229,000. 95.18% of the stock is owned by hedge funds and other institutional investors.

V2X Price Performance

Shares of V2X stock traded down $0.02 during mid-day trading on Tuesday, reaching $45.35. 226,727 shares of the stock traded hands, compared to its average volume of 180,536. The stock has a market capitalization of $1.43 billion, a PE ratio of 161.97, a PEG ratio of 0.61 and a beta of 0.45. The business has a 50-day moving average of $48.11 and a 200 day moving average of $53.84. V2X, Inc. has a fifty-two week low of $41.08 and a fifty-two week high of $69.75. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VVX. Raymond James lowered their price target on shares of V2X from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th. Citigroup started coverage on V2X in a research report on Tuesday, January 21st. They set a "buy" rating and a $64.00 target price on the stock. The Goldman Sachs Group assumed coverage on V2X in a report on Thursday, December 12th. They issued a "sell" rating and a $54.00 price target for the company. Royal Bank of Canada dropped their price objective on V2X from $58.00 to $54.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 25th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $80.00 target price on shares of V2X in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, V2X presently has an average rating of "Moderate Buy" and an average target price of $65.38.

V2X Profile

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.