Russell Investments Group Ltd. Has $21.16 Million Holdings in V2X, Inc. (NYSE:VVX)

Russell Investments Group Ltd. decreased its position in shares of V2X, Inc. (NYSE:VVX) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 426,930 shares of the company’s stock after selling 11,720 shares during the period. Russell Investments Group Ltd. owned 1.38% of V2X worth $21,159,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Citigroup Inc. lifted its position in V2X by 28.4% during the 2nd quarter. Citigroup Inc. now owns 10,056 shares of the company’s stock worth $498,000 after acquiring an additional 2,224 shares during the last quarter. Swiss National Bank lifted its position in V2X by 2.7% during the 2nd quarter. Swiss National Bank now owns 27,000 shares of the company’s stock worth $1,338,000 after acquiring an additional 700 shares during the last quarter. Rhumbline Advisers lifted its position in V2X by 8.9% during the 2nd quarter. Rhumbline Advisers now owns 21,458 shares of the company’s stock worth $1,063,000 after acquiring an additional 1,755 shares during the last quarter. Royce & Associates LP lifted its position in V2X by 11.4% during the 2nd quarter. Royce & Associates LP now owns 182,494 shares of the company’s stock worth $9,044,000 after acquiring an additional 18,660 shares during the last quarter. Finally, EA Series Trust acquired a new position in V2X during the 2nd quarter worth $1,168,000. Institutional investors and hedge funds own 95.89% of the company’s stock.

V2X Stock Performance

NYSE VVX opened at $41.90 on Tuesday. The stock has a market cap of $1.31 billion, a P/E ratio of -39.16 and a beta of 0.95. The company’s 50-day simple moving average is $49.25 and its 200 day simple moving average is $48.28. V2X, Inc. has a twelve month low of $36.45 and a twelve month high of $56.75. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.17.

V2X (NYSE:VVX) last issued its quarterly earnings data on Monday, November 6th. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.15). The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $966.66 million. V2X had a positive return on equity of 11.00% and a negative net margin of 0.84%. V2X’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.33 earnings per share. As a group, research analysts forecast that V2X, Inc. will post 3.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VVX has been the subject of a number of research analyst reports. Royal Bank of Canada cut their price objective on shares of V2X from $62.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, November 7th. JMP Securities started coverage on shares of V2X in a research note on Monday, November 13th. They issued an “outperform” rating and a $65.00 target price on the stock. Finally, Raymond James lowered their target price on shares of V2X from $65.00 to $60.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, November 7th.

V2X Company Profile

V2X, Inc provides critical mission solutions and support services to defense clients in the United States and internationally. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, and civilian clients.