Dark Forest Capital Management LP Purchases Shares of 34,401 Visteon Co. (NASDAQ:VC)

Dark Forest Capital Management LP bought a new position in Visteon Co. (NASDAQ:VC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 34,401 shares of the company's stock, valued at approximately $3,052,000. Visteon makes up about 0.5% of Dark Forest Capital Management LP's holdings, making the stock its 26th biggest holding. Dark Forest Capital Management LP owned approximately 0.12% of Visteon at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of VC. LPL Financial LLC lifted its holdings in shares of Visteon by 2.6% during the 4th quarter. LPL Financial LLC now owns 6,166 shares of the company's stock worth $547,000 after acquiring an additional 156 shares during the period. Franklin Resources Inc. raised its holdings in shares of Visteon by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 20,620 shares of the company's stock worth $1,881,000 after buying an additional 171 shares in the last quarter. Xponance Inc. raised its stake in Visteon by 4.7% during the fourth quarter. Xponance Inc. now owns 3,898 shares of the company's stock worth $346,000 after acquiring an additional 175 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Visteon by 2.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,519 shares of the company's stock valued at $756,000 after acquiring an additional 182 shares during the period. Finally, Inspire Investing LLC grew its holdings in shares of Visteon by 5.0% in the 4th quarter. Inspire Investing LLC now owns 4,533 shares of the company's stock worth $402,000 after purchasing an additional 216 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VC has been the subject of several recent analyst reports. TD Cowen initiated coverage on shares of Visteon in a report on Friday, March 7th. They set a "buy" rating and a $108.00 price objective for the company. Royal Bank of Canada lowered their target price on Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Morgan Stanley reduced their price target on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Wells Fargo & Company increased their price objective on Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Finally, Guggenheim cut their price target on Visteon from $108.00 to $91.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $100.67.

Visteon Trading Up 1.1 %

NASDAQ:VC traded up $0.85 on Monday, reaching $79.84. The company's stock had a trading volume of 92,950 shares, compared to its average volume of 362,132. Visteon Co. has a 1-year low of $65.10 and a 1-year 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. The firm has a market cap of $2.16 billion, a PE ratio of 8.14, a PEG ratio of 0.42 and a beta of 1.32. The business's 50-day moving average price is $79.25 and its two-hundred day moving average price is $85.37.

Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.70. The company had revenue of $934.00 million for the quarter, compared to analysts' expectations of $906.38 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. Equities research analysts anticipate that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

Visteon 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.