Walleye Capital LLC lessened its stake in shares of Visteon Co. (NASDAQ:VC - Free Report) by 48.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,504 shares of the company's stock after selling 5,159 shares during the period. Walleye Capital LLC's holdings in Visteon were worth $488,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Visteon by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 2,909,217 shares of the company's stock valued at $258,106,000 after purchasing an additional 16,442 shares in the last quarter. American Century Companies Inc. increased its holdings in Visteon by 58.8% during the fourth quarter. American Century Companies Inc. now owns 1,448,017 shares of the company's stock valued at $128,468,000 after buying an additional 536,073 shares during the period. Invesco Ltd. raised its stake in Visteon by 5.6% in the fourth quarter. Invesco Ltd. now owns 1,184,511 shares of the company's stock worth $105,090,000 after buying an additional 62,610 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Visteon by 5.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 908,715 shares of the company's stock worth $80,621,000 after buying an additional 45,058 shares during the period. Finally, Geode Capital Management LLC boosted its position in Visteon by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 670,363 shares of the company's stock valued at $59,487,000 after acquiring an additional 1,681 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.
Visteon Stock Performance
NASDAQ VC traded up $0.97 on Friday, hitting $78.99. 395,401 shares of the company's stock traded hands, compared to its average volume of 304,386. The firm has a market capitalization of $2.14 billion, a PE ratio of 8.05, a P/E/G ratio of 0.42 and a beta of 1.32. Visteon Co. has a 1-year low of $65.10 and a 1-year high of $117.94. The firm's 50-day moving average price is $79.25 and its two-hundred day moving average price is $85.42. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23.
Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.70. The company had revenue of $934.00 million for the quarter, compared to the consensus estimate of $906.38 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. As a group, analysts expect that Visteon Co. will post 8.42 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the company. Guggenheim decreased their price objective on Visteon from $108.00 to $91.00 and set a "buy" rating for the company in a research note on Tuesday. Robert W. Baird boosted their price objective on shares of Visteon from $76.00 to $86.00 and gave the stock a "neutral" rating in a research note on Friday. Royal Bank of Canada lowered their target price on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $74.00 price target (down from $103.00) on shares of Visteon in a research report on Thursday, April 10th. Finally, TD Cowen initiated coverage on Visteon in a research report on Friday, March 7th. They issued a "buy" rating and a $108.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $100.67.
Read Our Latest Report on Visteon
Visteon Profile
(
Free Report)
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.
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