Breithorn Capital Management buys $6.6 Million stake in Vectrus Inc (VEC)

Vectrus Inc (VEC) : Breithorn Capital Management scooped up 17,800 additional shares in Vectrus Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 271,653 shares of Vectrus Inc which is valued at $6.6 Million.Vectrus Inc makes up approximately 4.56% of Breithorn Capital Management’s portfolio.

Other Hedge Funds, Including , Secor Capital Advisors Lp reduced its stake in VEC by selling 3,020 shares or 10.59% in the most recent quarter. The Hedge Fund company now holds 25,488 shares of VEC which is valued at $617,319. Vectrus Inc makes up approx 0.12% of Secor Capital Advisors Lp’s portfolio.Blackrock Advisors reduced its stake in VEC by selling 1,762 shares or 0.97% in the most recent quarter. The Hedge Fund company now holds 180,420 shares of VEC which is valued at $4.4 Million.Eii Capital Management boosted its stake in VEC in the latest quarter, The investment management firm added 7,740 additional shares and now holds a total of 146,395 shares of Vectrus Inc which is valued at $3.5 Million. Vectrus Inc makes up approx 0.98% of Eii Capital Management’s portfolio.

Vectrus Inc closed down -0.31 points or -1.25% at $24.49 with 51,788 shares getting traded on Wednesday. Post opening the session at $24.94, the shares hit an intraday low of $24.48 and an intraday high of $24.94 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Vectrus Inc reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 10, 2016. Analyst had a consensus of $0.55. The company had revenue of $310.70 million for the quarter, compared to analysts expectations of $284.29 million. The company’s revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Many Wall Street Analysts have commented on Vectrus Inc. Vectrus Inc was Downgraded by Sidoti to ” Neutral” on Mar 16, 2016.

Vectrus Inc. (Vectrus) is a provider of services to the United States government across the world. The Company offers services in three solution areas: 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 military base maintenance and operations among others. 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.

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