Y Intercept Hong Kong Ltd Has $1.18 Million Stock Holdings in Visteon Co. (NASDAQ:VC)

Y Intercept Hong Kong Ltd lifted its holdings in Visteon Co. (NASDAQ:VC - Free Report) by 422.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,362 shares of the company's stock after buying an additional 9,995 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Visteon were worth $1,177,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in Visteon by 1,459.9% in the 2nd quarter. American Century Companies Inc. now owns 523,521 shares of the company's stock valued at $55,860,000 after buying an additional 489,959 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Visteon by 10.0% in the second quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company's stock valued at $161,760,000 after acquiring an additional 137,264 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in Visteon in the third quarter worth about $10,779,000. Millennium Management LLC raised its holdings in Visteon by 24.4% during the 2nd quarter. Millennium Management LLC now owns 568,536 shares of the company's stock worth $60,663,000 after purchasing an additional 111,377 shares during the last quarter. Finally, Lodge Hill Capital LLC acquired a new position in Visteon during the 2nd quarter valued at about $11,204,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Visteon Stock Down 0.0 %

Shares of Visteon stock traded down $0.01 on Thursday, reaching $93.34. 277,915 shares of the company were exchanged, compared to its average volume of 278,426. Visteon Co. has a one year low of $86.27 and a one year high of $131.70. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average of $92.03 and a 200 day moving average of $99.15. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 5.07, a PEG ratio of 0.44 and a beta of 1.44.

Visteon (NASDAQ:VC - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.37. The company had revenue of $980.00 million for the quarter, compared to analysts' expectations of $965.60 million. Visteon had a net margin of 13.22% and a return on equity of 46.19%. Visteon's quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.35 EPS. On average, equities research analysts forecast that Visteon Co. will post 8.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. StockNews.com downgraded Visteon from a "buy" rating to a "hold" rating in a research note on Sunday, November 3rd. JPMorgan Chase & Co. reduced their target price on Visteon from $132.00 to $122.00 and set a "neutral" rating on the stock in a report on Monday, October 21st. Wells Fargo & Company raised Visteon from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $115.00 to $122.00 in a research note on Friday, September 20th. Barclays reduced their price objective on shares of Visteon from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 15th. Finally, Morgan Stanley lowered their target price on shares of Visteon from $135.00 to $100.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 14th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $127.57.

About Visteon

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.