Y Intercept Hong Kong Ltd Sells 9,850 Shares of Visteon Co. (NASDAQ:VC)

Y Intercept Hong Kong Ltd trimmed its holdings in Visteon Co. (NASDAQ:VC - Free Report) by 79.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,512 shares of the company's stock after selling 9,850 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Visteon were worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cardinal Capital Management acquired a new position in shares of Visteon in the 4th quarter valued at about $1,691,000. Kestra Investment Management LLC acquired a new position in shares of Visteon in the 4th quarter valued at about $430,000. State of New Jersey Common Pension Fund D lifted its stake in shares of Visteon by 22.9% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 24,098 shares of the company's stock valued at $2,138,000 after purchasing an additional 4,494 shares during the period. Rhumbline Advisers lifted its stake in shares of Visteon by 2.7% in the 4th quarter. Rhumbline Advisers now owns 88,307 shares of the company's stock valued at $7,835,000 after purchasing an additional 2,303 shares during the period. Finally, Entropy Technologies LP acquired a new position in Visteon during the 4th quarter worth approximately $214,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VC has been the topic of a number of research reports. Wells Fargo & Company upped their price target 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 price target on Visteon from $100.00 to $95.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Royal Bank of Canada dropped 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. TD Cowen initiated coverage on Visteon in a research note on Friday. They set a "buy" rating and a $108.00 price target on the stock. Finally, Barclays dropped their price target on Visteon from $115.00 to $110.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $117.25.

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Visteon Stock Performance

Shares of VC stock traded up $0.33 during trading on Friday, hitting $87.68. The company's stock had a trading volume of 327,678 shares, compared to its average volume of 328,165. The company has a market cap of $2.37 billion, a PE ratio of 8.94, a P/E/G ratio of 0.42 and a beta of 1.39. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average of $85.33 and a 200-day moving average of $90.44. Visteon Co. has a 52 week low of $75.75 and a 52 week high of $121.45.

Visteon (NASDAQ:VC - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $2.47. The company had revenue of $939.00 million during 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, research analysts anticipate that Visteon Co. will post 8.42 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.