Prospector Partners LLC Sells 10,600 Shares of V2X, Inc. (NYSE:VVX)

Prospector Partners LLC lowered its position in shares of V2X, Inc. (NYSE:VVX) by 10.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,710 shares of the company’s stock after selling 10,600 shares during the quarter. Prospector Partners LLC’s holdings in V2X were worth $4,530,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in V2X by 19.1% in the 4th quarter. Vanguard Group Inc. now owns 898,112 shares of the company’s stock valued at $42,957,000 after purchasing an additional 144,029 shares during the period. JPMorgan Chase & Co. grew its position in V2X by 1.4% during the fourth quarter. JPMorgan Chase & Co. now owns 345,411 shares of the company’s stock valued at $16,521,000 after buying an additional 4,618 shares during the period. Geode Capital Management LLC increased its holdings in V2X by 17.1% during the fourth quarter. Geode Capital Management LLC now owns 321,179 shares of the company’s stock worth $15,366,000 after buying an additional 46,932 shares during the last quarter. Victory Capital Management Inc. bought a new stake in V2X in the fourth quarter worth about $13,947,000. Finally, Zimmer Partners LP purchased a new position in V2X in the third quarter valued at about $14,659,000. Hedge funds and other institutional investors own 95.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on VVX shares. JMP Securities reaffirmed a “market outperform” rating and issued a $80.00 price target on shares of V2X in a report on Friday, January 17th. Citigroup began coverage on V2X in a report on Tuesday, January 21st. They issued a “buy” rating and a $64.00 price objective for the company. Royal Bank of Canada dropped their price objective on shares of V2X from $58.00 to $54.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. The Goldman Sachs Group started coverage on shares of V2X in a research report on Thursday, December 12th. They set a “sell” rating and a $54.00 target price for the company. Finally, Raymond James lowered their price target on shares of V2X from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $65.38.

V2X Stock Down 5.8 %

VVX opened at $45.55 on Friday. The firm has a market capitalization of $1.44 billion, a P/E ratio of 162.68, a price-to-earnings-growth ratio of 0.61 and a beta of 0.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08. The company has a fifty day moving average price of $48.54 and a 200-day moving average price of $54.01. V2X, Inc. has a one year low of $41.08 and a one year high of $69.75.

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.