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

Russell Investments Group Ltd. reduced its stake in V2X, Inc. (NYSE:VVX) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 426,930 shares of the company’s stock after selling 11,720 shares during the period. Russell Investments Group Ltd. owned about 1.38% of V2X worth $21,159,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Citigroup Inc. boosted its stake in shares of V2X by 28.4% in the 2nd quarter. Citigroup Inc. now owns 10,056 shares of the company’s stock valued at $498,000 after purchasing an additional 2,224 shares in the last quarter. Swiss National Bank boosted its stake in shares of V2X by 2.7% in the 2nd quarter. Swiss National Bank now owns 27,000 shares of the company’s stock valued at $1,338,000 after purchasing an additional 700 shares in the last quarter. Rhumbline Advisers boosted 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 buying an additional 1,755 shares during the period. Royce & Associates LP boosted 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 buying an additional 18,660 shares during the period. Finally, EA Series Trust acquired a new stake in V2X during the 2nd quarter worth approximately $1,168,000. 95.89% of the stock is currently owned by institutional investors and hedge funds.

V2X Stock Down 1.2 %

V2X stock opened at $41.90 on Tuesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.08 and a current ratio of 1.08. V2X, Inc. has a 52-week low of $36.45 and a 52-week high of $56.75. The firm has a 50 day moving average price of $49.25 and a two-hundred day moving average price of $48.28. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -39.16 and a beta of 0.95.

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

Analyst Ratings Changes

Several equities research analysts recently commented on VVX shares. Raymond James cut 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 report on Tuesday, November 7th. Royal Bank of Canada cut their target price on shares of V2X from $62.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 7th. Finally, JMP Securities started coverage on shares of V2X in a research report on Monday, November 13th. They set an “outperform” rating and a $65.00 target price on the stock.

About V2X

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.