Foundation Resource Management Inc Lowers stake in Vectrus Inc (VEC)

Vectrus Inc (VEC) : Foundation Resource Management Inc reduced its stake in Vectrus Inc by 0.37% during the most recent quarter end. The investment management company now holds a total of 32,249 shares of Vectrus Inc which is valued at $547,588 after selling 121 shares in Vectrus Inc , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.Vectrus Inc makes up approximately 0.10% of Foundation Resource Management Inc’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in VEC in the latest quarter, The investment management firm added 313 additional shares and now holds a total of 733 shares of Vectrus Inc which is valued at $12,446.

Vectrus Inc opened for trading at $16.66 and hit $17.64 on the upside on Tuesday, eventually ending the session at $17.13, with a gain of 3.57% or 0.59 points. The heightened volatility saw the trading volume jump to 4,54,494 shares. Company has a market cap of $184 M.

On the company’s financial health, Vectrus Inc reported $0.55 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $0.56. The company had revenue of $307.90 million for the quarter, compared to analysts expectations of $295.65 million. The company’s revenue was down -.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.56 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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