Simcoe Capital Management LLC Purchases New Holdings in V2X, Inc. (NYSE:VVX)

Simcoe Capital Management LLC purchased a new stake in shares of V2X, Inc. (NYSE:VVX) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 207,736 shares of the company’s stock, valued at approximately $11,604,000. V2X comprises about 1.5% of Simcoe Capital Management LLC’s investment portfolio, making the stock its 14th largest holding.

A number of other hedge funds have also added to or reduced their stakes in VVX. Quest Partners LLC grew its stake in V2X by 112.3% in the 2nd quarter. Quest Partners LLC now owns 673 shares of the company’s stock worth $32,000 after acquiring an additional 356 shares in the last quarter. US Bancorp DE grew its stake in V2X by 81.0% in the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company’s stock worth $57,000 after acquiring an additional 460 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in V2X by 200.2% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company’s stock worth $60,000 after acquiring an additional 839 shares in the last quarter. nVerses Capital LLC bought a new position in V2X in the 3rd quarter worth about $95,000. Finally, SG Americas Securities LLC bought a new position in V2X in the 3rd quarter worth about $199,000. 95.18% of the stock is currently owned by institutional investors.

V2X Trading Down 0.1 %

NYSE:VVX opened at $60.25 on Monday. V2X, Inc. has a 52 week low of $37.04 and a 52 week high of $69.75. The firm has a 50 day moving average of $60.98 and a 200 day moving average of $53.34. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 215.18 and a beta of 0.57.

V2X (NYSE:VVX) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.22. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company posted $0.73 earnings per share. As a group, sell-side analysts anticipate that V2X, Inc. will post 4.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on VVX. 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 on the stock. BTIG Research started coverage on shares of V2X in a research report on Monday, November 25th. They issued a “buy” rating and a $80.00 price target for the company. Baird R W raised shares of V2X to a “strong-buy” rating in a research report on Friday, October 11th. JMP Securities upped their price target on shares of V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 price target on shares of V2X in a research report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $72.17.

Insider Transactions at V2X

In other news, Director Eric M. Pillmore bought 3,125 shares of V2X stock in a transaction on Friday, September 6th. The shares were bought at an average cost 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 trade represents a 8.14 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeremy C. Wensinger bought 6,250 shares of V2X stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $48.00 per share, for a total transaction of $300,000.00. Following the completion of the purchase, the chief executive officer now directly owns 6,250 shares of the company’s stock, valued at $300,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 11,936 shares of company stock worth $572,928 over the last 90 days. 1.10% of the stock is currently 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.