Visteon Co. (NASDAQ:VC) Sees Large Increase in Short Interest

Visteon Co. (NASDAQ:VC - Get Free Report) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 971,700 shares, a growth of 28.1% from the March 15th total of 758,700 shares. Based on an average daily volume of 355,400 shares, the short-interest ratio is presently 2.7 days. Currently, 3.7% of the company's shares are sold short.

Hedge Funds Weigh In On Visteon

Institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in Visteon by 286.7% during the 1st quarter. UMB Bank n.a. now owns 437 shares of the company's stock worth $34,000 after acquiring an additional 324 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Visteon by 558.9% during the first quarter. Parallel Advisors LLC now owns 481 shares of the company's stock worth $37,000 after purchasing an additional 408 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Visteon by 225.3% in the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock worth $44,000 after purchasing an additional 347 shares in the last quarter. Signaturefd LLC increased its holdings in Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company's stock valued at $61,000 after buying an additional 263 shares during the last quarter. Finally, CX Institutional acquired a new stake in Visteon during the first quarter valued at approximately $63,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Visteon Stock Up 1.8 %

Shares of NASDAQ VC traded up $1.32 on Wednesday, hitting $74.95. The company had a trading volume of 199,002 shares, compared to its average volume of 305,356. 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 has a 12-month low of $65.10 and a 12-month high of $117.94. The firm has a market capitalization of $2.03 billion, a P/E ratio of 7.61, a PEG ratio of 0.42 and a beta of 1.32. The business has a 50 day moving average of $79.70 and a two-hundred day moving average of $85.71.

Visteon (NASDAQ:VC - Get Free Report) last issued its quarterly earnings data 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. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The company had revenue of $939.00 million during the quarter, compared to the consensus estimate of $954.17 million. As a group, equities research analysts forecast that Visteon will post 8.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on VC shares. Barclays reiterated an "equal weight" rating and issued a $82.00 price target (down from $110.00) on shares of Visteon in a report on Tuesday, April 15th. UBS Group reiterated a "neutral" rating and set a $76.00 target price (down from $114.00) on shares of Visteon in a research report on Thursday, April 10th. Morgan Stanley lowered their price target on Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Royal Bank of Canada cut their price objective on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Finally, Robert W. Baird lowered their target price on shares of Visteon from $100.00 to $76.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Visteon has an average rating of "Hold" and an average price target of $99.83.

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.