Quantbot Technologies LP Sells 10,890 Shares of Visteon Co. (NASDAQ:VC)

Quantbot Technologies LP reduced its stake in Visteon Co. (NASDAQ:VC - Free Report) by 64.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,891 shares of the company's stock after selling 10,890 shares during the period. Quantbot Technologies LP's holdings in Visteon were worth $523,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Magnetar Financial LLC grew its stake in Visteon by 165.3% during the fourth quarter. Magnetar Financial LLC now owns 21,715 shares of the company's stock worth $1,927,000 after buying an additional 13,530 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Visteon by 120.5% during the 4th quarter. Teacher Retirement System of Texas now owns 28,557 shares of the company's stock worth $2,534,000 after acquiring an additional 15,606 shares in the last quarter. Xponance Inc. increased its stake in Visteon by 4.7% in the fourth quarter. Xponance Inc. now owns 3,898 shares of the company's stock valued at $346,000 after acquiring an additional 175 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Visteon by 186.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 20,542 shares of the company's stock valued at $1,822,000 after purchasing an additional 13,380 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Visteon by 62.5% during the fourth quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after purchasing an additional 263 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

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Visteon Trading Down 0.3 %

VC traded down $0.24 during midday trading on Tuesday, hitting $77.38. 249,985 shares of the company were exchanged, compared to its average volume of 295,945. The firm's 50 day moving average price is $83.76 and its 200-day moving average price is $88.31. Visteon Co. has a 1-year low of $75.75 and a 1-year high of $117.94. The firm has a market capitalization of $2.10 billion, a P/E ratio of 7.89, a P/E/G ratio of 0.42 and a beta of 1.39. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23.

Visteon (NASDAQ:VC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, topping analysts' consensus estimates of $1.97 by $2.47. The company had revenue of $939.00 million for the quarter, compared to analyst estimates of $954.17 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. As a group, equities analysts forecast that Visteon Co. will post 8.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VC has been the topic of several recent analyst reports. Royal Bank of Canada decreased their price target on Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Wells Fargo & Company boosted their target price on Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Morgan Stanley dropped their target price on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company 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 on the stock. Finally, Barclays dropped their price objective on shares of Visteon from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $117.25.

Visteon 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.