V2X, Inc. (NYSE:VVX) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its position in V2X, Inc. (NYSE:VVX) by 1.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,778 shares of the company’s stock after acquiring an additional 394 shares during the period. Assenagon Asset Management S.A. owned 0.07% of V2X worth $1,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Quest Partners LLC boosted its stake in V2X by 112.3% during the second quarter. Quest Partners LLC now owns 673 shares of the company’s stock worth $32,000 after buying an additional 356 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in V2X by 200.2% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company’s stock worth $60,000 after buying an additional 839 shares during the last quarter. nVerses Capital LLC acquired a new position in V2X during the third quarter worth $95,000. Edmond DE Rothschild Holding S.A. acquired a new position in V2X during the first quarter worth $142,000. Finally, SG Americas Securities LLC acquired a new position in V2X during the third quarter worth $199,000. 95.18% of the stock is owned by institutional investors and hedge funds.

V2X Price Performance

NYSE:VVX opened at $61.46 on Friday. V2X, Inc. has a 52 week low of $37.04 and a 52 week high of $65.59. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $1.92 billion, a P/E ratio of -153.65 and a beta of 0.57. The stock’s fifty day moving average is $57.18 and its two-hundred day moving average is $51.51.

V2X (NYSE:VVX) last posted its earnings results on Tuesday, August 6th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.01). V2X had a negative net margin of 0.30% and a positive return on equity of 11.69%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the firm earned $1.01 EPS. V2X’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities analysts expect that V2X, Inc. will post 4.11 EPS for the current year.

Wall Street Analyst Weigh In

VVX has been the topic of a number of recent research reports. Robert W. Baird initiated coverage on V2X in a research note on Friday, October 11th. They set an “outperform” rating and a $75.00 price objective on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $55.00 price objective on shares of V2X in a research note on Wednesday, August 7th. Finally, Baird R W raised V2X to a “strong-buy” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, V2X currently has an average rating of “Buy” and a consensus target price of $62.20.

Insider Activity at V2X

In other news, CEO Jeremy C. Wensinger acquired 6,250 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average price of $48.00 per share, for a total transaction of $300,000.00. Following the acquisition, the chief executive officer now owns 6,250 shares of the company’s stock, valued at $300,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Jeremy C. Wensinger acquired 6,250 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average price of $48.00 per share, for a total transaction of $300,000.00. Following the acquisition, the chief executive officer now owns 6,250 shares of the company’s stock, valued at $300,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric M. Pillmore acquired 3,125 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of $48.00 per share, for a total transaction of $150,000.00. Following the acquisition, the director now directly owns 41,516 shares in the company, valued at approximately $1,992,768. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 11,936 shares of company stock worth $572,928. 1.10% of the stock is currently owned by company insiders.

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.