Man Group plc Lowers Position in Visteon Co. (NASDAQ:VC)

Man Group plc decreased its stake in shares of Visteon Co. (NASDAQ:VC - Free Report) by 78.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,553 shares of the company's stock after selling 16,396 shares during the period. Man Group plc's holdings in Visteon were worth $404,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VC. Vanguard Group Inc. boosted its holdings in Visteon by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 2,909,217 shares of the company's stock worth $258,106,000 after buying an additional 16,442 shares during the last quarter. American Century Companies Inc. lifted its stake in 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 acquiring an additional 536,073 shares in the last quarter. Invesco Ltd. lifted its stake in Visteon by 5.6% in the 4th quarter. Invesco Ltd. now owns 1,184,511 shares of the company's stock valued at $105,090,000 after acquiring an additional 62,610 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Visteon by 5.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 908,715 shares of the company's stock worth $80,621,000 after purchasing an additional 45,058 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Visteon by 17.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company's stock worth $74,886,000 after purchasing an additional 124,897 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Visteon Stock Up 0.9%

NASDAQ:VC traded up $0.78 during trading hours on Thursday, reaching $84.80. The company had a trading volume of 137,320 shares, compared to its average volume of 312,307. Visteon Co. has a twelve month low of $65.10 and a twelve month high of $117.94. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 8.64, a P/E/G ratio of 0.42 and a beta of 1.23. The business's 50-day simple moving average is $78.54 and its two-hundred day simple moving average is $84.19.

Visteon (NASDAQ:VC - Get Free Report) last issued 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 business had revenue of $934.00 million during the quarter, compared to analyst estimates of $906.38 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The firm's revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.61 EPS. On average, equities analysts expect that Visteon Co. will post 8.42 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on VC. Wells Fargo & Company boosted their target price on Visteon from $96.00 to $101.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. TD Cowen began coverage on Visteon in a report on Friday, March 7th. They set a "buy" rating and a $108.00 target price on the stock. JPMorgan Chase & Co. upped their price objective on Visteon from $90.00 to $97.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. UBS Group restated 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. Finally, Morgan Stanley cut their target price on shares of Visteon from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $96.25.

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.