Zimmer Partners LP Has $18.64 Million Holdings in V2X, Inc. (NYSE:VVX)

Zimmer Partners LP raised its holdings in V2X, Inc. (NYSE:VVX) by 48.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 389,609 shares of the company’s stock after acquiring an additional 127,189 shares during the period. Zimmer Partners LP owned about 1.23% of V2X worth $18,635,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VVX. Hennion & Walsh Asset Management Inc. grew its position in V2X by 38.4% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 22,395 shares of the company’s stock valued at $1,071,000 after acquiring an additional 6,212 shares during the last quarter. SG Americas Securities LLC grew its position in V2X by 94.9% in the fourth quarter. SG Americas Securities LLC now owns 6,946 shares of the company’s stock valued at $332,000 after acquiring an additional 3,382 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in V2X by 51.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company’s stock valued at $114,000 after acquiring an additional 814 shares during the last quarter. Rhumbline Advisers grew its position in V2X by 5.0% in the fourth quarter. Rhumbline Advisers now owns 21,239 shares of the company’s stock valued at $1,016,000 after acquiring an additional 1,004 shares during the last quarter. Finally, Olympiad Research LP grew its position in V2X by 19.1% in the fourth quarter. Olympiad Research LP now owns 6,382 shares of the company’s stock valued at $305,000 after acquiring an additional 1,022 shares during the last quarter. Institutional investors own 95.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VVX. Morgan Stanley began coverage on V2X in a research report on Wednesday, April 16th. They issued an “underweight” rating and a $51.00 target price on the stock. Citigroup began coverage on V2X in a report on Tuesday, January 21st. They set a “buy” rating and a $64.00 price target on the stock. Truist Financial reduced their price target on V2X from $68.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Raymond James reduced their price target on V2X from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. Finally, Royal Bank of Canada reduced their price target on V2X from $58.00 to $54.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $63.67.

V2X Stock Performance

Shares of VVX stock opened at $47.97 on Tuesday. The business’s 50 day simple moving average is $49.33 and its 200 day simple moving average is $51.58. V2X, Inc. has a one year low of $41.08 and a one year high of $69.75. The stock has a market capitalization of $1.52 billion, a PE ratio of 171.33, a PEG ratio of 0.61 and a beta of 0.27. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08.

V2X (NYSE:VVX) last announced its earnings results on Monday, May 5th. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.92 by $0.06. V2X had a return on equity of 13.49% and a net margin of 0.22%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the business posted $0.90 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. As a group, research analysts forecast that V2X, Inc. will post 4.16 earnings per share for the current year.

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.