Hsbc Holdings PLC Makes New Investment in V2X, Inc. (NYSE:VVX)

Hsbc Holdings PLC purchased a new stake in V2X, Inc. (NYSE:VVX) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 31,075 shares of the company’s stock, valued at approximately $1,485,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of VVX. FMR LLC boosted its stake in V2X by 23.8% in the fourth quarter. FMR LLC now owns 3,712,196 shares of the company’s stock valued at $177,554,000 after acquiring an additional 714,722 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of V2X in the 4th quarter worth $13,947,000. Assenagon Asset Management S.A. grew its stake in V2X by 1,014.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 231,592 shares of the company’s stock worth $11,077,000 after buying an additional 210,814 shares during the last quarter. Vanguard Group Inc. increased its position in V2X by 19.1% during the 4th quarter. Vanguard Group Inc. now owns 898,112 shares of the company’s stock valued at $42,957,000 after buying an additional 144,029 shares in the last quarter. Finally, Barclays PLC raised its stake in V2X by 416.6% in the fourth quarter. Barclays PLC now owns 143,242 shares of the company’s stock valued at $6,853,000 after buying an additional 115,515 shares during the last quarter. Hedge funds and other institutional investors own 95.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on VVX shares. Citigroup began coverage on V2X in a research note on Tuesday, January 21st. They set a “buy” rating and a $64.00 price target on the stock. Truist Financial cut their price target on shares of V2X from $68.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Morgan Stanley initiated coverage on shares of V2X in a research note on Wednesday, April 16th. They set an “underweight” rating and a $51.00 price objective for the company. 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, JMP Securities reaffirmed a “market outperform” rating and set a $80.00 price target on shares of V2X in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $62.90.

V2X Stock Down 0.1 %

Shares of VVX opened at $49.42 on Friday. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 176.51, a PEG ratio of 0.61 and a beta of 0.45. V2X, Inc. has a 52 week low of $41.08 and a 52 week high of $69.75. The stock’s 50-day moving average price is $48.61 and its 200-day moving average price is $52.69. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09.

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.