V2X, Inc. (NYSE:VVX) Short Interest Update

V2X, Inc. (NYSE:VVX) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 1,110,000 shares, a growth of 17.5% from the January 15th total of 944,800 shares. Currently, 6.6% of the company’s shares are sold short. Based on an average trading volume of 271,300 shares, the days-to-cover ratio is currently 4.1 days.

Insiders Place Their Bets

In other V2X news, General Counsel Jeremy John Nance sold 2,500 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $61.43, for a total transaction of $153,575.00. Following the completion of the sale, the general counsel now owns 10,634 shares in the company, valued at $653,246.62. This represents a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On V2X

A number of hedge funds have recently bought and sold shares of the business. FMR LLC lifted its stake in V2X by 23.8% in the 4th quarter. FMR LLC now owns 3,712,196 shares of the company’s stock valued at $177,554,000 after buying an additional 714,722 shares in the last quarter. Simcoe Capital Management LLC boosted its stake in V2X by 252.8% during the 4th quarter. Simcoe Capital Management LLC now owns 732,940 shares of the company’s stock worth $35,057,000 after purchasing an additional 525,204 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of V2X during the fourth quarter worth $13,947,000. Zimmer Partners LP purchased a new position in shares of V2X in the third quarter worth about $14,659,000. Finally, Assenagon Asset Management S.A. boosted its position in V2X by 1,014.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 231,592 shares of the company’s stock worth $11,077,000 after acquiring an additional 210,814 shares during the last quarter. Hedge funds and other institutional investors own 95.18% of the company’s stock.

V2X Stock Performance

VVX traded down $1.59 on Monday, reaching $44.88. The stock had a trading volume of 234,757 shares, compared to its average volume of 186,453. The business’s 50-day moving average price is $50.54 and its two-hundred day moving average price is $54.70. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. V2X has a 12-month low of $37.58 and a 12-month high of $69.75. The company has a market cap of $1.42 billion, a P/E ratio of 160.30, a price-to-earnings-growth ratio of 0.57 and a beta of 0.60.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on VVX shares. Raymond James reissued an “outperform” rating and issued a $65.00 price objective (down previously from $72.00) on shares of V2X in a research report on Thursday, January 2nd. Citigroup initiated coverage on V2X in a research note on Tuesday, January 21st. They issued a “buy” rating and a $64.00 target price for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $58.00 price target (down previously from $70.00) on shares of V2X in a research note on Thursday, December 19th. JMP Securities restated a “market outperform” rating and issued a $80.00 price objective on shares of V2X in a research note on Friday, January 17th. Finally, BTIG Research began coverage on V2X in a report on Monday, November 25th. They set a “buy” rating and a $80.00 target price for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.50.

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.