V2X, Inc. (NYSE:VVX) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lessened its position in V2X, Inc. (NYSE:VVX) by 49.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 12,058 shares of the company’s stock after selling 11,717 shares during the period. Cornercap Investment Counsel Inc.’s holdings in V2X were worth $674,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Systematic Financial Management LP lifted its position in V2X by 152.7% in the second quarter. Systematic Financial Management LP now owns 279,486 shares of the company’s stock valued at $13,404,000 after purchasing an additional 168,886 shares during the period. Vanguard Group Inc. lifted its holdings in shares of V2X by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 588,232 shares of the company’s stock valued at $27,476,000 after buying an additional 5,259 shares during the period. Factorial Partners LLC boosted its stake in shares of V2X by 28.6% in the second quarter. Factorial Partners LLC now owns 54,000 shares of the company’s stock valued at $2,590,000 after buying an additional 12,000 shares in the last quarter. Sei Investments Co. grew its holdings in V2X by 243.3% during the second quarter. Sei Investments Co. now owns 73,653 shares of the company’s stock worth $3,532,000 after acquiring an additional 52,197 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its position in V2X by 50.3% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 13,212 shares of the company’s stock worth $634,000 after acquiring an additional 4,419 shares in the last quarter. Hedge funds and other institutional investors own 95.18% of the company’s stock.

Analyst Ratings Changes

VVX has been the topic of several research analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $70.00 target price on shares of V2X in a research report on Tuesday, November 5th. Baird R W raised shares of V2X to a “strong-buy” rating in a report on Friday, October 11th. JMP Securities lifted their price target on shares of V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a research report on Tuesday, November 5th. Robert W. Baird began coverage on V2X in a report on Friday, October 11th. They issued an “outperform” rating and a $75.00 price target on the stock. Finally, Raymond James lifted their price objective on V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, V2X currently has a consensus rating of “Buy” and an average price target of $70.60.

Insider Buying and Selling

In other news, CAO William Boyd Noon acquired 1,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $48.00 per share, for a total transaction of $48,000.00. Following the acquisition, the chief accounting officer now directly owns 10,931 shares of the company’s stock, valued at $524,688. This represents a 10.07 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric M. Pillmore bought 3,125 shares of the stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $48.00 per share, with a total value of $150,000.00. Following the completion of the purchase, the director now directly owns 41,516 shares of the company’s stock, valued at approximately $1,992,768. This represents a 8.14 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 11,936 shares of company stock valued at $572,928. Corporate insiders own 1.10% of the company’s stock.

V2X Stock Down 4.2 %

Shares of NYSE:VVX opened at $56.93 on Friday. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 203.30 and a beta of 0.57. V2X, Inc. has a 12-month low of $37.04 and a 12-month high of $69.75. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. The stock’s 50-day moving average price is $59.13 and its two-hundred day moving average price is $52.58.

V2X (NYSE:VVX) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.22. V2X had a net margin of 0.22% and a return on equity of 13.49%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the company posted $0.73 earnings per share. V2X’s revenue was up 8.0% compared to the same quarter last year. On average, research analysts forecast that V2X, Inc. will post 4.14 EPS for the current year.

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.