(NYSE:VEC) shares saw heavy trading volume with 121K shares changing hands on Tuesday. Shares saw a steep increase in trading volume of 88.56% over the normal average daily volume.
Investors are feeling more bullish on the company as indicated by the downtick in short interest. The company had a fall in short interest from September 29, 2017 to October 13, 2017 of -20.71%. Short interest decreased from 118,609 to 94,048 over that timeframe. Days to cover decreased 0.0 to 2.0 and the short interest percentage is 0.00% as of October 13.
These funds have shifted positions in (VEC). As of the end of the quarter Panagora Asset Management Inc had disposed of 23,111 shares trimming its stake by 14.3%. The value of the investment in Vectrus Inc. Common Stock went from $5,208,000 to $4,257,000 a change of 18.3% for the reporting period. Connor, Clark & Lunn Investment Management Ltd. grew its investment by buying 20,500 shares an increase of 17.1% from 06/30/2017 to 09/30/2017. Connor, Clark & Lunn Investment Management Ltd. controls 140,055 shares valued at $4,319,000. The value of the position overall is up by 11.8%.
As of quarter end State Street Corp had sold a total of 301 shares trimming its holdings by 0.1%. The value of the company’s investment in Vectrus Inc. Common Stock decreased from $7,835,000 to $7,472,000 a change of $363,000 quarter to quarter. As of quarter end Gsa Capital Partners Llp had acquired a total of 6,000 shares growing its position 7.0%. The value of the total investment in Vectrus Inc. Common Stock went from $2,766,000 to $2,824,000 increasing 2.1% quarter over quarter.
The company is now up by 0.47% percent from yesterday’s close. The P/E ratio is currently N/A and the market value is 626.20M.
Vectrus, Inc., launched on February 4, 2014, is a provider of services to the United States Government across the world. The Company offers services, including infrastructure asset management, logistics and supply chain management, and information technology and network communication. Its infrastructure asset management services support the United States Army, Air Force and Navy, and include infrastructure services, security, warehouse management and distribution, ammunition management, civil engineering, air base maintenance and operations, communications, emergency services, transportation, and life support activities at various global military installations. Its logistics and supply chain management services support and maintain the vehicle and equipment stocks of the United States Army and Marine Corps. Its information technology and network communication services consist of sustainment of communications systems, network security, systems installation and full life cycle management of information technology systems. The Company provides global service solutions in over 130 locations and approximately 20 countries across over three continents..Advertisement