GAMMA Investing LLC Buys 13,779 Shares of Visteon Corporation (NASDAQ:VC)

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

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Rhumbline Advisers increased its stake in shares of Visteon by 2.7% in the 4th quarter. Rhumbline Advisers now owns 88,307 shares of the company's stock worth $7,835,000 after purchasing an additional 2,303 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in Visteon by 22.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 24,098 shares of the company's stock worth $2,138,000 after buying an additional 4,494 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in Visteon in the fourth quarter worth about $430,000. Cardinal Capital Management bought a new position in shares of Visteon in the fourth quarter worth about $1,691,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Visteon by 2.1% in the fourth quarter. Bank of New York Mellon Corp now owns 640,856 shares of the company's stock worth $56,857,000 after buying an additional 12,900 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Visteon Price Performance

Shares of VC stock traded up $0.81 during trading hours on Thursday, hitting $90.85. The stock had a trading volume of 327,850 shares, compared to its average volume of 320,016. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.83 and a quick ratio of 1.50. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 8.51 and a beta of 1.19. Visteon Corporation has a one year low of $65.10 and a one year high of $117.94. The stock's 50-day moving average price is $81.88 and its two-hundred day moving average price is $83.71.

Visteon (NASDAQ:VC - Get Free Report) last released 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 business had revenue of $934.00 million for the quarter, compared to the consensus estimate of $906.38 million. Visteon had a return on equity of 24.95% and a net margin of 7.68%. The company's revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 EPS. Equities analysts forecast that Visteon Corporation will post 8.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on VC. TD Cowen assumed coverage on shares of Visteon in a report on Friday, March 7th. They issued a "buy" rating and a $108.00 target price for the company. JPMorgan Chase & Co. upped their price target on shares of Visteon from $90.00 to $97.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Barclays reiterated 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. Wells Fargo & Company raised their price objective on shares of Visteon from $96.00 to $101.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Finally, Robert W. Baird lifted their target price on shares of Visteon from $76.00 to $86.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target 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.