Private Capital Management LLC Lowers Position in Visteon Co. (NASDAQ:VC)

Private Capital Management LLC trimmed its position in Visteon Co. (NASDAQ:VC - Free Report) by 24.4% during the 4th quarter, according to its most recent 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 quarter. Visteon comprises 0.8% of Private Capital Management LLC's investment portfolio, making the stock its 27th biggest position. Private Capital Management LLC owned 0.33% of Visteon worth $7,972,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. ProShare Advisors LLC lifted its position in Visteon by 41.2% in the fourth quarter. ProShare Advisors LLC now owns 8,978 shares of the company's stock valued at $797,000 after buying an additional 2,618 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of Visteon in the 4th quarter worth approximately $325,000. Graham Capital Management L.P. boosted its position in shares of Visteon by 4.6% during the 4th quarter. Graham Capital Management L.P. now owns 20,836 shares of the company's stock worth $1,849,000 after purchasing an additional 914 shares during the period. Ethic Inc. increased its holdings in Visteon by 52.5% in the 4th quarter. Ethic Inc. now owns 3,474 shares of the company's stock valued at $308,000 after purchasing an additional 1,196 shares during the last quarter. Finally, Deutsche Bank AG raised its position in Visteon by 42.2% in the fourth quarter. Deutsche Bank AG now owns 27,633 shares of the company's stock valued at $2,452,000 after purchasing an additional 8,200 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on VC shares. Barclays restated an "equal weight" rating and set a $82.00 price target (down from $110.00) on shares of Visteon in a research report on Tuesday, April 15th. Guggenheim dropped their target price on Visteon from $108.00 to $91.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. increased 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. UBS Group reissued a "neutral" rating and issued a $76.00 price objective (down previously from $114.00) on shares of Visteon in a research note on Thursday, April 10th. Finally, TD Cowen initiated coverage on shares of Visteon in a research note on Friday, March 7th. They set a "buy" rating and a $108.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $96.25.

Visteon Stock Up 0.4%

NASDAQ VC traded up $0.32 during trading on Tuesday, reaching $85.49. 42,591 shares of the company's stock were exchanged, compared to its average volume of 309,965. The company has a 50 day moving average price of $78.08 and a two-hundred day moving average price of $84.46. The stock has a market cap of $2.33 billion, a P/E ratio of 8.69, a price-to-earnings-growth ratio of 0.42 and a beta of 1.23. Visteon Co. has a 1 year low of $65.10 and a 1 year high of $117.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74.

Visteon (NASDAQ:VC - Get Free Report) last issued 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 business had revenue of $934.00 million for 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% on a year-over-year basis. During the same quarter last year, the company earned $1.61 EPS. On average, equities research analysts anticipate that Visteon Co. will post 8.42 EPS for the current fiscal year.

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.