Visteon Corporation (NASDAQ:VC) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its stake in shares of Visteon Corporation (NASDAQ:VC - Free Report) by 82.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 140,267 shares of the company's stock after acquiring an additional 63,264 shares during the quarter. Assenagon Asset Management S.A. owned 0.52% of Visteon worth $10,888,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of Visteon by 7.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 366,609 shares of the company's stock worth $32,526,000 after acquiring an additional 25,319 shares during the last quarter. Sei Investments Co. raised its position in Visteon by 93.2% in the fourth quarter. Sei Investments Co. now owns 147,603 shares of the company's stock valued at $13,095,000 after purchasing an additional 71,202 shares during the period. JPMorgan Chase & Co. raised its position in Visteon by 2.7% in the fourth quarter. JPMorgan Chase & Co. now owns 656,347 shares of the company's stock valued at $58,231,000 after purchasing an additional 17,526 shares during the period. Royce & Associates LP raised its holdings in shares of Visteon by 39.2% in the 4th quarter. Royce & Associates LP now owns 281,508 shares of the company's stock valued at $24,975,000 after buying an additional 79,294 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of Visteon by 75.6% in the 4th quarter. Wells Fargo & Company MN now owns 17,786 shares of the company's stock valued at $1,578,000 after buying an additional 7,656 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Visteon Price Performance

NASDAQ VC traded down $2.60 during mid-day trading on Tuesday, hitting $90.04. The stock had a trading volume of 400,854 shares, compared to its average volume of 319,573. Visteon Corporation has a 52-week low of $65.10 and a 52-week high of $117.94. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 8.44 and a beta of 1.19. The company has a 50 day simple moving average of $81.54 and a 200 day simple moving average of $83.66. The company has a quick ratio of 1.50, a current ratio of 1.83 and a debt-to-equity ratio of 0.21.

Visteon (NASDAQ:VC - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $2.40 EPS for the quarter, beating 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 return on equity of 24.95% and a net margin of 7.68%. Visteon's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.61 EPS. Equities analysts forecast that Visteon Corporation will post 8.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VC has been the topic of several recent research reports. Guggenheim cut their price target on Visteon from $108.00 to $91.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. UBS Group reaffirmed a "neutral" rating and set a $76.00 price objective (down from $114.00) on shares of Visteon in a research report on Thursday, April 10th. Robert W. Baird upped their target price on Visteon from $76.00 to $86.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. upped their price objective on Visteon from $90.00 to $97.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Finally, Morgan Stanley reduced their price objective on Visteon from $95.00 to $90.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $96.25.

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.