Versor Investments LP Sells 9,786 Shares of V2X, Inc. $VVX

Versor Investments LP lowered its position in V2X, Inc. (NYSE:VVX) by 43.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 12,930 shares of the company’s stock after selling 9,786 shares during the quarter. Versor Investments LP’s holdings in V2X were worth $751,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of VVX. Ameritas Advisory Services LLC purchased a new stake in shares of V2X during the 2nd quarter valued at approximately $25,000. LRI Investments LLC bought a new stake in shares of V2X during the third quarter valued at about $57,000. CWM LLC boosted its holdings in shares of V2X by 188.9% in the 3rd quarter. CWM LLC now owns 1,037 shares of the company’s stock worth $60,000 after purchasing an additional 678 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of V2X by 140.0% during the 2nd quarter. Osaic Holdings Inc. now owns 1,068 shares of the company’s stock valued at $52,000 after buying an additional 623 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in V2X in the second quarter worth approximately $73,000. Hedge funds and other institutional investors own 95.18% of the company’s stock.

V2X Trading Down 1.4%

Shares of VVX stock opened at $68.10 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.01. V2X, Inc. has a 12-month low of $41.08 and a 12-month high of $71.40. The stock has a market capitalization of $2.15 billion, a P/E ratio of 27.24, a P/E/G ratio of 0.62 and a beta of 0.13. The firm’s 50 day moving average is $61.16 and its 200 day moving average is $57.86.

Insider Buying and Selling at V2X

In other V2X news, major shareholder American Industrial Partners C sold 1,200,000 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $55.05, for a total value of $66,060,000.00. Following the transaction, the insider directly owned 4,550,001 shares of the company’s stock, valued at approximately $250,477,555.05. This trade represents a 20.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dino M. Cusumano sold 2,250,000 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $55.00, for a total value of $123,750,000.00. Following the sale, the director owned 5,750,001 shares of the company’s stock, valued at approximately $316,250,055. This represents a 28.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 5,700,000 shares of company stock valued at $313,560,000 in the last ninety days. 0.88% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on VVX shares. Truist Financial reaffirmed a “hold” rating and set a $65.00 price target on shares of V2X in a research report on Wednesday, January 14th. Zacks Research upgraded V2X from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Citigroup raised their price target on V2X from $62.00 to $69.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Morgan Stanley restated an “underweight” rating and issued a $61.00 price objective on shares of V2X in a report on Tuesday, December 16th. Finally, Stifel Nicolaus upped their target price on V2X from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, V2X presently has a consensus rating of “Hold” and an average price target of $61.88.

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.