Fox Run Management L.L.C. Boosts Stock Holdings in Visteon Co. (NASDAQ:VC)

Fox Run Management L.L.C. lifted its stake in Visteon Co. (NASDAQ:VC - Free Report) by 63.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,317 shares of the company's stock after acquiring an additional 5,535 shares during the quarter. Fox Run Management L.L.C. owned 0.05% of Visteon worth $1,270,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC grew its holdings in shares of Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company's stock valued at $61,000 after purchasing an additional 263 shares in the last quarter. KBC Group NV grew its stake in shares of Visteon by 37.7% in the third quarter. KBC Group NV now owns 902 shares of the company's stock worth $86,000 after acquiring an additional 247 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Visteon by 136.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock worth $116,000 after acquiring an additional 754 shares during the period. Morse Asset Management Inc acquired a new stake in shares of Visteon in the third quarter valued at $164,000. Finally, Entropy Technologies LP acquired a new stake in shares of Visteon in the fourth quarter valued at $214,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Visteon Stock Performance

NASDAQ:VC traded up $2.31 during trading hours on Wednesday, reaching $84.36. 392,208 shares of the company's stock were exchanged, compared to its average volume of 286,996. Visteon Co. has a 1-year low of $75.75 and a 1-year high of $119.16. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 8.60, a P/E/G ratio of 0.42 and a beta of 1.39. The company has a 50-day moving average of $84.29 and a 200 day moving average of $88.72.

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Visteon (NASDAQ:VC - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, topping the consensus estimate of $1.97 by $2.47. The business had revenue of $939.00 million during the quarter, compared to the consensus estimate of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. Research analysts anticipate that Visteon Co. will post 8.42 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VC. Royal Bank of Canada cut their price target on Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Morgan Stanley reduced their target price on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. TD Cowen assumed coverage on shares of Visteon in a report on Friday, March 7th. They set a "buy" rating and a $108.00 price target for the company. Wells Fargo & Company raised their price objective on shares of Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Finally, Barclays decreased their price objective on shares of Visteon from $115.00 to $110.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $117.25.

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.