Atria Investments Inc Reduces Stake in Visteon Co. (NASDAQ:VC)

Atria Investments Inc trimmed its position in Visteon Co. (NASDAQ:VC - Free Report) by 90.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,115 shares of the company's stock after selling 19,339 shares during the quarter. Atria Investments Inc's holdings in Visteon were worth $201,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. raised 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 worth $55,860,000 after acquiring an additional 489,959 shares in the last quarter. Victory Capital Management Inc. increased its position in Visteon by 10.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company's stock worth $161,760,000 after purchasing an additional 137,264 shares in the last quarter. Millennium Management LLC lifted its stake in Visteon by 24.4% in the 2nd quarter. Millennium Management LLC now owns 568,536 shares of the company's stock valued at $60,663,000 after purchasing an additional 111,377 shares during the last quarter. Lodge Hill Capital LLC acquired a new stake in Visteon in the second quarter valued at approximately $11,204,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Visteon by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company's stock worth $71,552,000 after buying an additional 83,840 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Royal Bank of Canada cut their target price on shares of Visteon from $129.00 to $124.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. StockNews.com cut shares of Visteon from a "buy" rating to a "hold" rating in a research note on Sunday, November 3rd. JPMorgan Chase & Co. lowered their target price on Visteon from $132.00 to $122.00 and set a "neutral" rating for the company in a research report on Monday, October 21st. The Goldman Sachs Group reduced their price target on Visteon from $130.00 to $117.00 and set a "buy" rating on the stock in a research report on Tuesday, October 1st. Finally, Wolfe Research began coverage on Visteon in a research note on Thursday, September 5th. They issued a "peer perform" rating for the company. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Visteon has an average rating of "Moderate Buy" and a consensus price target of $127.57.

Visteon Stock Performance

Visteon stock traded up $3.85 during mid-day trading on Monday, reaching $95.86. 249,023 shares of the company's stock were exchanged, compared to its average volume of 276,235. The firm has a market capitalization of $2.65 billion, a PE ratio of 5.20, a P/E/G ratio of 0.44 and a beta of 1.45. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. The business's fifty day simple moving average is $92.33 and its 200 day simple moving average is $100.75. Visteon Co. has a one year low of $86.27 and a one year high of $131.70.

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

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.