Walleye Capital LLC Takes $573,000 Position in V2X, Inc. (NYSE:VVX)

Walleye Capital LLC acquired a new position in V2X, Inc. (NYSE:VVX) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,972 shares of the company’s stock, valued at approximately $573,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Summit Investment Advisors Inc. grew its position in shares of V2X by 24.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company’s stock worth $71,000 after buying an additional 288 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its holdings 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 worth $114,000 after purchasing an additional 814 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of V2X during the fourth quarter valued at approximately $134,000. Edmond DE Rothschild Holding S.A. lifted its holdings in shares of V2X by 15.3% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 4,204 shares of the company’s stock valued at $201,000 after purchasing an additional 558 shares during the last quarter. Finally, LPL Financial LLC boosted its position in shares of V2X by 11.0% in the 4th quarter. LPL Financial LLC now owns 5,112 shares of the company’s stock worth $245,000 after purchasing an additional 508 shares in the last quarter. Institutional investors own 95.18% of the company’s stock.

V2X Stock Performance

Shares of NYSE VVX opened at $47.44 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The firm’s 50-day moving average price is $47.79 and its 200-day moving average price is $53.29. V2X, Inc. has a 52-week low of $41.08 and a 52-week high of $69.75. The company has a market cap of $1.50 billion, a PE ratio of 169.44, a PEG ratio of 0.61 and a beta of 0.45.

Analysts Set New Price Targets

VVX has been the subject of a number of recent research reports. Raymond James lowered their price objective on V2X from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th. Morgan Stanley started coverage on V2X in a research report on Wednesday, April 16th. They issued an “underweight” rating and a $51.00 price target for the company. Royal Bank of Canada dropped their price target on shares of V2X from $58.00 to $54.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 25th. JMP Securities restated a “market outperform” rating and set a $80.00 price objective on shares of V2X in a research note on Friday, January 17th. Finally, Truist Financial dropped their target price 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. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.90.

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.