V2X, Inc. (NYSE:VVX) Short Interest Up 17.5% in January

V2X, Inc. (NYSE:VVX) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,110,000 shares, an increase of 17.5% from the January 15th total of 944,800 shares. Based on an average daily volume of 271,300 shares, the days-to-cover ratio is presently 4.1 days. Currently, 6.6% of the shares of the company are sold short.

Insider Transactions at V2X

In other news, General Counsel Jeremy John Nance sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $61.43, for a total value of $153,575.00. Following the sale, the general counsel now directly owns 10,634 shares in the company, valued at approximately $653,246.62. This represents a 19.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On V2X

Several large investors have recently bought and sold shares of VVX. Nuveen Asset Management LLC increased its stake in V2X by 42.9% during the 4th quarter. Nuveen Asset Management LLC now owns 187,553 shares of the company’s stock worth $8,971,000 after purchasing an additional 56,349 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of V2X by 29.8% in the fourth quarter. Millennium Management LLC now owns 33,459 shares of the company’s stock valued at $1,600,000 after buying an additional 7,682 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of V2X by 19.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,041 shares of the company’s stock worth $385,000 after acquiring an additional 1,288 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in V2X by 9.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 102,891 shares of the company’s stock valued at $4,921,000 after acquiring an additional 9,290 shares in the last quarter. Finally, Ethic Inc. boosted its stake in V2X by 22.9% in the 4th quarter. Ethic Inc. now owns 9,178 shares of the company’s stock worth $439,000 after purchasing an additional 1,713 shares during the period. Institutional investors own 95.18% of the company’s stock.

V2X Trading Down 3.4 %

VVX traded down $1.59 during midday trading on Monday, reaching $44.88. 234,757 shares of the company were exchanged, compared to its average volume of 186,453. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $1.42 billion, a P/E ratio of 160.30, a PEG ratio of 0.57 and a beta of 0.60. The stock’s 50-day simple moving average is $50.82 and its 200 day simple moving average is $54.74. V2X has a one year low of $37.58 and a one year high of $69.75.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Citigroup began coverage on shares of V2X in a research note on Tuesday, January 21st. They set a “buy” rating and a $64.00 price objective on the stock. The Goldman Sachs Group began coverage on V2X in a report on Thursday, December 12th. They set a “sell” rating and a $54.00 price target for the company. Raymond James restated an “outperform” rating and issued a $65.00 target price (down from $72.00) on shares of V2X in a research note on Thursday, January 2nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $58.00 price target (down previously from $70.00) on shares of V2X in a research report on Thursday, December 19th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $80.00 target price on shares of V2X in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.50.

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.