Edgestream Partners L.P. Has $3.15 Million Position in Visteon Co. (NASDAQ:VC)

Edgestream Partners L.P. lowered its position in shares of Visteon Co. (NASDAQ:VC - Free Report) by 28.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,060 shares of the company's stock after selling 13,018 shares during the quarter. Edgestream Partners L.P. owned 0.12% of Visteon worth $3,149,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of VC. Victory Capital Management Inc. lifted its position in shares of Visteon by 10.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company's stock valued at $161,760,000 after acquiring an additional 137,264 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Visteon by 6.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 863,657 shares of the company's stock valued at $82,255,000 after purchasing an additional 55,465 shares during the period. Dimensional Fund Advisors LP increased its stake in Visteon by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company's stock worth $71,552,000 after purchasing an additional 83,840 shares in the last quarter. Millennium Management LLC raised its holdings in Visteon by 24.4% during the 2nd quarter. Millennium Management LLC now owns 568,536 shares of the company's stock worth $60,663,000 after buying an additional 111,377 shares during the period. Finally, American Century Companies Inc. lifted its stake in Visteon by 1,459.9% during the second quarter. American Century Companies Inc. now owns 523,521 shares of the company's stock valued at $55,860,000 after buying an additional 489,959 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Visteon Price Performance

Shares of VC stock traded up $1.98 during mid-day trading on Monday, reaching $95.36. The company's stock had a trading volume of 377,473 shares, compared to its average volume of 276,316. The firm's 50-day moving average is $92.19 and its two-hundred day moving average is $100.08. The company has a market cap of $2.63 billion, a P/E ratio of 5.18, a PEG ratio of 0.45 and a beta of 1.45. Visteon Co. has a 1-year low of $86.27 and a 1-year high of $131.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.37. The company had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.60 million. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The company's revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.35 EPS. On average, research analysts predict that Visteon Co. will post 8.2 earnings per share for the current year.

Analysts Set New Price Targets

VC has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their target price on shares of Visteon from $132.00 to $122.00 and set a "neutral" rating on the stock in a research note on Monday, October 21st. Barclays reduced their price objective on Visteon from $145.00 to $140.00 and set an "overweight" rating for the company in a research note on Tuesday, October 15th. Morgan Stanley lowered their target price on Visteon from $135.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 14th. Wolfe Research began coverage on shares of Visteon in a research report on Thursday, September 5th. They issued a "peer perform" rating for the company. Finally, StockNews.com downgraded shares of Visteon from a "buy" rating to a "hold" rating in a research report on Sunday, November 3rd. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $127.57.

Visteon Company Profile

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.