Bastion Asset Management Inc. lifted its holdings in shares of V2X, Inc. (NYSE:VVX – Free Report) by 25.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 149,670 shares of the company’s stock after acquiring an additional 30,280 shares during the period. V2X accounts for about 4.5% of Bastion Asset Management Inc.’s investment portfolio, making the stock its 6th largest holding. Bastion Asset Management Inc.’s holdings in V2X were worth $8,225,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in VVX. SG Americas Securities LLC increased its position in shares of V2X by 360.0% during the fourth quarter. SG Americas Securities LLC now owns 18,939 shares of the company’s stock worth $1,033,000 after acquiring an additional 14,822 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in V2X by 1,157.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 206,747 shares of the company’s stock valued at $11,487,000 after buying an additional 190,302 shares during the last quarter. Victory Capital Management Inc. increased its holdings in V2X by 12.4% in the third quarter. Victory Capital Management Inc. now owns 753,312 shares of the company’s stock valued at $43,760,000 after buying an additional 83,400 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in V2X in the third quarter valued at about $1,462,000. Finally, Vanguard Group Inc. increased its holdings in V2X by 17.9% in the third quarter. Vanguard Group Inc. now owns 1,189,562 shares of the company’s stock valued at $69,102,000 after buying an additional 180,702 shares during the last quarter. Institutional investors and hedge funds own 95.18% of the company’s stock.
V2X Stock Up 0.1%
NYSE:VVX opened at $71.88 on Wednesday. The firm has a market capitalization of $2.25 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 0.58 and a beta of 0.12. The stock has a 50 day moving average of $68.92 and a 200-day moving average of $63.84. V2X, Inc. has a 52 week low of $43.42 and a 52 week high of $78.36. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.96.
Analysts Set New Price Targets
VVX has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on V2X from $74.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Stifel Nicolaus boosted their price objective on V2X from $77.50 to $79.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Royal Bank Of Canada boosted their price objective on V2X from $70.00 to $75.00 and gave the company a “sector perform” rating in a report on Tuesday, May 5th. Robert W. Baird set a $94.00 price objective on V2X in a report on Tuesday, February 24th. Finally, BTIG Research reissued a “buy” rating and issued a $90.00 price objective on shares of V2X in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, V2X presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.80.
Check Out Our Latest Stock Report on VVX
Insider Activity at V2X
In other news, major shareholder American Industrial Partners C sold 2,545,432 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $68.21, for a total transaction of $173,623,916.72. Following the completion of the transaction, the insider directly owned 2,004,569 shares of the company’s stock, valued at approximately $136,731,651.49. This represents a 55.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.99% of the company’s stock.
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.
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