Eii Capital Management Lowers stake in Vectrus Inc (VEC)

Vectrus Inc (VEC) : Eii Capital Management reduced its stake in Vectrus Inc by 11.91% during the most recent quarter end. The investment management company now holds a total of 128,955 shares of Vectrus Inc which is valued at $4,035,002 after selling 17,440 shares in Vectrus Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Vectrus Inc makes up approximately 1.15% of Eii Capital Management’s portfolio.

Other Hedge Funds, Including , Strs Ohio reduced its stake in VEC by selling 2,200 shares or 8.33% in the most recent quarter. The Hedge Fund company now holds 24,200 shares of VEC which is valued at $752,136. Cwm added VEC to its portfolio by purchasing 2 company shares during the most recent quarter which is valued at $61.Laurel Wealth Advisors reduced its stake in VEC by selling 2,615 shares or 9.09% in the most recent quarter. The Hedge Fund company now holds 26,150 shares of VEC which is valued at $780,578. Vectrus Inc makes up approx 0.38% of Laurel Wealth Advisors’s portfolio.

Vectrus Inc opened for trading at $32.17 and hit $32.72 on the upside on Monday, eventually ending the session at $32.66, with a gain of 1.87% or 0.6 points. The heightened volatility saw the trading volume jump to 76,524 shares. Company has a market cap of $349 M.

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.

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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