Aquatic Capital Management LLC Sells 7,953 Shares of Visteon Co. (NASDAQ:VC)

Aquatic Capital Management LLC cut its stake in Visteon Co. (NASDAQ:VC - Free Report) by 40.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,747 shares of the company's stock after selling 7,953 shares during the quarter. Aquatic Capital Management LLC's holdings in Visteon were worth $1,042,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Voya Investment Management LLC boosted its holdings in Visteon by 28.3% in the fourth quarter. Voya Investment Management LLC now owns 17,074 shares of the company's stock worth $1,515,000 after purchasing an additional 3,761 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Visteon by 5.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 389,532 shares of the company's stock worth $34,560,000 after acquiring an additional 19,990 shares in the last quarter. Pinebridge Investments L.P. increased its holdings in shares of Visteon by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 17,622 shares of the company's stock valued at $1,563,000 after acquiring an additional 5,273 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Visteon by 78.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 336,443 shares of the company's stock valued at $29,850,000 after acquiring an additional 147,685 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in Visteon in the 4th quarter worth approximately $3,052,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Visteon Price Performance

Shares of Visteon stock traded up $1.19 during midday trading on Monday, hitting $81.08. 225,602 shares of the company traded hands, compared to its average volume of 305,339. The firm's fifty day moving average price is $78.33 and its 200-day moving average price is $84.98. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 0.42 and a beta of 1.23. Visteon Co. has a 12 month low of $65.10 and a 12 month high of $117.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74.

Visteon (NASDAQ:VC - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.70. The firm had revenue of $934.00 million for the quarter, compared to analysts' expectations of $906.38 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The company's revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.61 earnings per share. As a group, sell-side analysts forecast that Visteon Co. will post 8.42 earnings per share for the current year.

Analyst Ratings Changes

VC has been the subject of a number of analyst reports. Robert W. Baird raised their target price on shares of Visteon from $76.00 to $86.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Barclays reiterated an "equal weight" rating and set a $82.00 target price (down previously from $110.00) on shares of Visteon in a report on Tuesday, April 15th. Guggenheim lowered their price target on Visteon from $108.00 to $91.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley cut their price objective on Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Finally, TD Cowen started coverage on shares of Visteon in a report on Friday, March 7th. They set a "buy" rating and a $108.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $98.58.

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.