Brevan Howard Capital Management LP Takes Position in Visteon Co. (NASDAQ:VC)

Brevan Howard Capital Management LP acquired a new position in Visteon Co. (NASDAQ:VC - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 12,979 shares of the company's stock, valued at approximately $1,151,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VC. Captrust Financial Advisors grew its position in shares of Visteon by 4.8% during the fourth quarter. Captrust Financial Advisors now owns 7,435 shares of the company's stock worth $660,000 after buying an additional 338 shares in the last quarter. Bank of America Corp DE grew its holdings in Visteon by 74.9% during the 4th quarter. Bank of America Corp DE now owns 185,573 shares of the company's stock worth $16,464,000 after acquiring an additional 79,444 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Visteon by 20.0% in the 4th quarter. Ameriprise Financial Inc. now owns 426,163 shares of the company's stock worth $37,809,000 after purchasing an additional 71,024 shares during the last quarter. Algert Global LLC raised its stake in shares of Visteon by 36.1% in the 4th quarter. Algert Global LLC now owns 65,198 shares of the company's stock valued at $5,784,000 after purchasing an additional 17,286 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Visteon by 87.7% during the fourth quarter. AQR Capital Management LLC now owns 128,434 shares of the company's stock worth $11,395,000 after purchasing an additional 60,007 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VC has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Visteon from $90.00 to $97.00 and gave the company a "neutral" rating in a report on Monday, May 5th. TD Cowen initiated coverage on Visteon in a research report on Friday, March 7th. They set a "buy" rating and a $108.00 price target on the stock. Wells Fargo & Company raised their price objective 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 lowered their target price on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Finally, Barclays restated an "equal weight" rating and issued a $82.00 price target (down from $110.00) on shares of Visteon in a research report on Tuesday, April 15th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $98.58.

Visteon Price Performance

Shares of VC traded up $1.32 during mid-day trading on Friday, hitting $84.61. The company's stock had a trading volume of 261,439 shares, compared to its average volume of 306,991. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 0.42 and a beta of 1.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The firm has a 50-day moving average price of $77.95 and a 200 day moving average price of $84.79. Visteon Co. has a fifty-two week low of $65.10 and a fifty-two week high of $117.94.

Visteon (NASDAQ:VC - Get Free Report) last posted its quarterly 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 business had revenue of $934.00 million for the quarter, compared to the consensus estimate of $906.38 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. Visteon's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.61 earnings per share. On average, research analysts predict that Visteon Co. will post 8.42 EPS for the current fiscal year.

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.