Visteon Co. (NASDAQ:VC) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC raised its position in Visteon Co. (NASDAQ:VC - Free Report) by 11,981.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,894 shares of the company's stock after acquiring an additional 13,779 shares during the quarter. GAMMA Investing LLC owned approximately 0.05% of Visteon worth $1,078,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Visteon by 0.6% in the fourth 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 during the period. American Century Companies Inc. boosted its stake in shares of Visteon by 58.8% in the 4th 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. grew its position in shares of Visteon by 5.6% during 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 increased its stake in shares of 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, Dimensional Fund Advisors LP increased its stake in shares of Visteon by 17.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company's stock worth $74,886,000 after buying an additional 124,897 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Visteon Stock Performance

Shares of VC traded up $2.78 during mid-day trading on Monday, reaching $92.64. 494,906 shares of the company's stock were exchanged, compared to its average volume of 318,779. The business's fifty day simple moving average is $80.71 and its 200-day simple moving average is $83.62. The stock has a market capitalization of $2.53 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 0.42 and a beta of 1.19. Visteon Co. has a 52-week low of $65.10 and a 52-week high of $117.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47.

Visteon (NASDAQ:VC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.70. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The company had revenue of $934.00 million for the quarter, compared to the consensus estimate of $906.38 million. During the same period last year, the firm posted $1.61 EPS. Visteon's revenue for the quarter was up .1% on a year-over-year basis. On average, equities research analysts expect that Visteon Co. will post 8.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on VC shares. Wells Fargo & Company boosted their price target on shares of Visteon from $96.00 to $101.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Morgan Stanley dropped their target price on Visteon from $95.00 to $90.00 and set an "equal weight" rating on the stock in a report on Monday, May 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 report on Thursday, April 10th. Barclays reaffirmed an "equal weight" rating and set a $82.00 price objective (down from $110.00) on shares of Visteon in a research report on Tuesday, April 15th. Finally, Royal Bank of Canada cut their target price on Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Visteon presently has an average rating of "Hold" and an average target price of $96.25.

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.