Assenagon Asset Management S.A. Has $6.98 Million Holdings in Visteon Co. (NASDAQ:VC)

Assenagon Asset Management S.A. lessened its position in Visteon Co. (NASDAQ:VC - Free Report) by 80.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,264 shares of the company's stock after selling 303,898 shares during the period. Assenagon Asset Management S.A. owned about 0.27% of Visteon worth $6,978,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Signaturefd LLC grew its position in Visteon by 46.7% during the 3rd quarter. Signaturefd LLC now owns 421 shares of the company's stock worth $40,000 after acquiring an additional 134 shares during the last quarter. Creative Planning boosted its stake in Visteon by 87.5% in the third quarter. Creative Planning now owns 8,914 shares of the company's stock worth $849,000 after purchasing an additional 4,160 shares in the last quarter. Inspire Investing LLC grew its holdings in shares of Visteon by 31.0% during the third quarter. Inspire Investing LLC now owns 4,317 shares of the company's stock worth $411,000 after purchasing an additional 1,022 shares during the last quarter. City Center Advisors LLC acquired a new stake in shares of Visteon in the third quarter valued at $281,000. Finally, Handelsbanken Fonder AB raised its holdings in shares of Visteon by 15.0% in the third quarter. Handelsbanken Fonder AB now owns 8,451 shares of the company's stock valued at $805,000 after buying an additional 1,100 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

Visteon Trading Up 0.2 %

Visteon stock traded up $0.22 during midday trading on Tuesday, hitting $96.05. 343,028 shares of the stock were exchanged, compared to its average volume of 275,303. The stock has a market capitalization of $2.65 billion, a PE ratio of 5.20, a P/E/G ratio of 0.46 and a beta of 1.45. The company has a fifty day simple moving average of $94.44 and a two-hundred day simple moving average of $103.49. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. Visteon Co. has a 52 week low of $86.77 and a 52 week high of $131.70.

Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.37. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The company had revenue of $980.00 million for the quarter, compared to analysts' expectations of $965.60 million. During the same period last year, the firm posted $2.35 earnings per share. The business's quarterly revenue was down 3.4% compared to the same quarter last year. Equities research analysts anticipate that Visteon Co. will post 7.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on VC shares. The Goldman Sachs Group decreased their price objective on shares of Visteon from $130.00 to $117.00 and set a "buy" rating on the stock in a report on Tuesday, October 1st. TD Cowen dropped their price objective on shares of Visteon from $142.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, July 26th. JPMorgan Chase & Co. reduced their price objective on Visteon from $132.00 to $122.00 and set a "neutral" rating on the stock in a report on Monday, October 21st. UBS Group lowered their target price on Visteon from $144.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, July 10th. Finally, Citigroup cut their price target on Visteon from $139.00 to $126.00 and set a "buy" rating on the stock in a research note on Friday, July 12th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $127.57.

About Visteon

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.