Rice Hall James & Associates LLC Sells 525 Shares of V2X, Inc. (NYSE:VVX)

Rice Hall James & Associates LLC decreased its holdings in shares of V2X, Inc. (NYSE:VVX) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 49,653 shares of the company’s stock after selling 525 shares during the period. Rice Hall James & Associates LLC owned approximately 0.16% of V2X worth $2,774,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Quest Partners LLC grew its holdings in shares of V2X by 112.3% in the 2nd quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after buying an additional 356 shares during the period. US Bancorp DE grew its holdings in shares of V2X by 81.0% in the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company’s stock valued at $57,000 after buying an additional 460 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of V2X by 200.2% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company’s stock valued at $60,000 after buying an additional 839 shares during the period. nVerses Capital LLC acquired a new position in shares of V2X in the 3rd quarter valued at $95,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in V2X in the 1st quarter worth $142,000. Institutional investors own 95.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VVX. Baird R W raised shares of V2X to a “strong-buy” rating in a research note on Friday, October 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $55.00 target price on shares of V2X in a research note on Wednesday, August 7th. Finally, Robert W. Baird began coverage on shares of V2X in a research note on Friday, October 11th. They issued an “outperform” rating and a $75.00 target price for the company. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $62.20.

V2X Price Performance

Shares of NYSE:VVX opened at $61.46 on Friday. The company’s 50-day moving average price is $57.09 and its two-hundred day moving average price is $51.40. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.10 and a quick ratio of 1.10. V2X, Inc. has a one year low of $37.04 and a one year high of $65.59.

V2X (NYSE:VVX) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.01). The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.02 billion. V2X had a positive return on equity of 11.69% and a negative net margin of 0.30%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the firm earned $1.01 earnings per share. Research analysts anticipate that V2X, Inc. will post 4.11 earnings per share for the current year.

Insider Activity

In other news, CEO Jeremy C. Wensinger bought 6,250 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $48.00 per share, with a total value of $300,000.00. Following the acquisition, the chief executive officer now owns 6,250 shares in the company, valued at $300,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO William Boyd Noon purchased 1,000 shares of the stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $48.00 per share, with a total value of $48,000.00. Following the acquisition, the chief accounting officer now directly owns 10,931 shares in the company, valued at $524,688. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jeremy C. Wensinger purchased 6,250 shares of the stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $48.00 per share, for a total transaction of $300,000.00. Following the completion of the acquisition, the chief executive officer now owns 6,250 shares in the company, valued at approximately $300,000. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 11,936 shares of company stock valued at $572,928. 1.10% of the stock is owned by company insiders.

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.