Man Group plc Sells 16,396 Shares of Visteon Co. (NASDAQ:VC)

Man Group plc trimmed its holdings in shares of Visteon Co. (NASDAQ:VC - Free Report) by 78.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Quadrant Capital Group LLC lifted its stake in Visteon by 225.3% in the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock worth $44,000 after purchasing an additional 347 shares during the last quarter. Signaturefd LLC boosted its stake in Visteon by 62.5% during the 4th quarter. Signaturefd LLC now owns 684 shares of the company's stock valued at $61,000 after purchasing an additional 263 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Visteon by 884.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company's stock worth $105,000 after buying an additional 1,061 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Visteon by 136.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock worth $116,000 after buying an additional 754 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of Visteon by 49.9% in the 4th quarter. KBC Group NV now owns 1,352 shares of the company's stock worth $120,000 after buying an additional 450 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on VC shares. Barclays reaffirmed an "equal weight" rating and issued a $82.00 target price (down from $110.00) on shares of Visteon in a report on Tuesday, April 15th. JPMorgan Chase & Co. raised their target price on Visteon from $90.00 to $97.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Morgan Stanley decreased 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. Royal Bank of Canada decreased their target price on Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $74.00 target price (down from $103.00) on shares of Visteon in a report on Thursday, April 10th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Visteon has an average rating of "Hold" and a consensus price target of $96.25.

Visteon Price Performance

NASDAQ:VC traded up $0.06 on Friday, reaching $84.86. 268,140 shares of the company's stock traded hands, compared to its average volume of 314,018. 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 stock has a 50-day simple moving average of $78.66 and a 200-day simple moving average of $83.99. The firm has a market cap of $2.31 billion, a PE ratio of 8.65, a P/E/G ratio of 0.42 and a beta of 1.23. Visteon Co. has a 12 month low of $65.10 and a 12 month high of $117.94.

Visteon (NASDAQ:VC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.70. The firm 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 business's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $1.61 earnings per share. Equities research analysts forecast that Visteon Co. will post 8.42 earnings per share for the current year.

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.