Walleye Capital LLC Acquires New Stake in V2X, Inc. (NYSE:VVX)

Walleye Capital LLC purchased a new position in shares of V2X, Inc. (NYSE:VVX - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,972 shares of the company's stock, valued at approximately $573,000.

A number of other institutional investors have also modified their holdings of the company. Summit Investment Advisors Inc. grew its holdings in V2X by 24.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock valued at $71,000 after purchasing an additional 288 shares during the period. Corebridge Financial Inc. increased its stake in V2X by 7.1% during the fourth quarter. Corebridge Financial Inc. now owns 7,044 shares of the company's stock worth $337,000 after acquiring an additional 470 shares during the last quarter. LPL Financial LLC lifted its stake in shares of V2X by 11.0% in the 4th quarter. LPL Financial LLC now owns 5,112 shares of the company's stock valued at $245,000 after purchasing an additional 508 shares in the last quarter. Edmond DE Rothschild Holding S.A. grew its stake in V2X by 15.3% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 4,204 shares of the company's stock worth $201,000 after buying an additional 558 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in shares of V2X by 51.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company's stock worth $114,000 after acquiring an additional 814 shares in the last quarter. Institutional investors and hedge funds own 95.18% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on VVX shares. Morgan Stanley initiated coverage on V2X in a report on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 price target for the company. Citigroup initiated coverage on V2X in a report on Tuesday, January 21st. They issued a "buy" rating and a $64.00 price target for the company. JMP Securities reaffirmed a "market outperform" rating and set a $80.00 price target on shares of V2X in a research note on Friday, January 17th. Royal Bank of Canada cut their target price on V2X from $58.00 to $54.00 and set a "sector perform" rating on the stock in a research report on Tuesday, February 25th. Finally, Truist Financial decreased their price target on V2X from $68.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, V2X has a consensus rating of "Moderate Buy" and an average price target of $62.90.

V2X Stock Performance

Shares of NYSE:VVX traded up $0.37 on Friday, hitting $49.80. The company's stock had a trading volume of 96,072 shares, compared to its average volume of 184,725. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 177.86, a price-to-earnings-growth ratio of 0.61 and a beta of 0.45. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. V2X, Inc. has a 12 month low of $41.08 and a 12 month high of $69.75. The stock's 50-day moving average is $48.04 and its two-hundred day moving average is $53.12.

V2X Company 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.