Gotham Asset Management LLC Sells 9,702 Shares of Visteon Co. (NASDAQ:VC)

Gotham Asset Management LLC decreased its stake in Visteon Co. (NASDAQ:VC - Free Report) by 36.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,717 shares of the company's stock after selling 9,702 shares during the quarter. Gotham Asset Management LLC owned approximately 0.06% of Visteon worth $1,483,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Graham Capital Management L.P. raised 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 valued at $1,849,000 after purchasing an additional 914 shares during the period. Ethic Inc. raised its holdings in Visteon by 52.5% during the fourth quarter. Ethic Inc. now owns 3,474 shares of the company's stock valued at $308,000 after acquiring an additional 1,196 shares during the period. Deutsche Bank AG lifted its position in shares of 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 acquiring an additional 8,200 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in shares of Visteon in the fourth quarter valued at about $1,151,000. Finally, Captrust Financial Advisors boosted its stake in shares of Visteon by 4.8% in the fourth quarter. Captrust Financial Advisors now owns 7,435 shares of the company's stock worth $660,000 after acquiring an additional 338 shares during the period. Institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on VC. TD Cowen initiated coverage on Visteon in a report on Friday, March 7th. They issued a "buy" rating and a $108.00 price target on the stock. Guggenheim lowered their target price on shares of 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 target price (down from $114.00) on shares of Visteon in a research note on Thursday, April 10th. Royal Bank of Canada reduced their price target on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Finally, Wells Fargo & Company increased their price objective on shares of Visteon from $96.00 to $101.00 and gave the company an "overweight" rating in a report on Monday. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $96.25.

Visteon Trading Down 0.2%

NASDAQ VC traded down $0.18 during trading hours on Thursday, hitting $83.67. 24,403 shares of the company were exchanged, compared to its average volume of 356,737. Visteon Co. has a 52 week low of $65.10 and a 52 week 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 stock has a 50-day moving average price of $78.22 and a 200 day moving average price of $84.46. The stock has a market cap of $2.28 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 0.42 and a beta of 1.23.

Visteon (NASDAQ:VC - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.70. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The firm had revenue of $934.00 million for the quarter, compared to the consensus estimate of $906.38 million. During the same quarter in the previous year, the company posted $1.61 EPS. The company's revenue for the quarter was up .1% compared to the same quarter last year. Analysts forecast that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

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.