Private Capital Management LLC Sells 28,982 Shares of Visteon Co. (NASDAQ:VC)

Private Capital Management LLC decreased its position in shares of Visteon Co. (NASDAQ:VC - Free Report) by 24.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,857 shares of the company's stock after selling 28,982 shares during the period. Visteon accounts for 0.8% of Private Capital Management LLC's investment portfolio, making the stock its 27th biggest holding. Private Capital Management LLC owned approximately 0.33% of Visteon worth $7,972,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VC. Quadrant Capital Group LLC raised its position 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 in the last quarter. Signaturefd LLC raised its position in Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after purchasing an additional 263 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in Visteon by 884.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company's stock worth $105,000 after purchasing an additional 1,061 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Visteon by 136.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock worth $116,000 after purchasing an additional 754 shares in the last quarter. Finally, KBC Group NV raised its position in Visteon by 49.9% in the fourth quarter. KBC Group NV now owns 1,352 shares of the company's stock worth $120,000 after purchasing an additional 450 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Visteon Price Performance

Shares of VC traded up $0.13 during mid-day trading on Friday, hitting $86.85. 345,083 shares of the company traded hands, compared to its average volume of 310,402. The business has a 50-day moving average of $78.05 and a 200 day moving average of $84.54. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 0.42 and a beta of 1.23. Visteon Co. has a one year low of $65.10 and a one year high of $117.94.

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

Analysts Set New Price Targets

VC has been the subject of several recent research reports. Wells Fargo & Company increased their price target on shares of Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Guggenheim decreased their price objective on shares of Visteon from $108.00 to $91.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Barclays reaffirmed an "equal weight" rating and set a $82.00 price objective (down from $110.00) on shares of Visteon in a research note on Tuesday, April 15th. UBS Group reaffirmed a "neutral" rating and set a $76.00 price objective (down from $114.00) on shares of Visteon in a research note on Thursday, April 10th. Finally, TD Cowen started coverage on shares of Visteon in a research note on Friday, March 7th. They set a "buy" rating and a $108.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Visteon presently has a consensus rating of "Hold" and an average target price of $98.58.

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.