Visteon Co. (NASDAQ:VC) Short Interest Update

Visteon Co. (NASDAQ:VC - Get Free Report) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 971,700 shares, an increase of 28.1% from the March 15th total of 758,700 shares. Based on an average daily volume of 355,400 shares, the short-interest ratio is currently 2.7 days. Approximately 3.7% of the shares of the company are short sold.

Visteon Trading Up 4.8 %

Visteon stock traded up $3.57 during midday trading on Thursday, hitting $78.15. 93,200 shares of the stock were exchanged, compared to its average volume of 305,239. 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 $2.12 billion, a price-to-earnings ratio of 7.95, a PEG ratio of 0.42 and a beta of 1.32. The stock's 50-day simple moving average is $79.53 and its 200 day simple moving average is $85.63. Visteon has a fifty-two week low of $65.10 and a fifty-two week high of $117.94.

Visteon (NASDAQ:VC - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $2.40 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.77. Visteon had a return on equity of 24.58% and a net margin of 7.09%. On average, equities analysts anticipate that Visteon will post 8.42 EPS for the current year.

Hedge Funds Weigh In On Visteon

A number of hedge funds have recently modified their holdings of the business. Moran Wealth Management LLC purchased a new position in Visteon in the first quarter worth $2,526,000. Kirr Marbach & Co. LLC IN increased its holdings in Visteon by 2.6% in the first quarter. Kirr Marbach & Co. LLC IN now owns 70,707 shares of the company's stock valued at $5,488,000 after buying an additional 1,800 shares in the last quarter. Cardinal Capital Management boosted its stake in shares of Visteon by 4.2% during the 1st quarter. Cardinal Capital Management now owns 19,859 shares of the company's stock worth $1,541,000 after acquiring an additional 799 shares in the last quarter. CX Institutional purchased a new position in Visteon in the 1st quarter valued at approximately $63,000. Finally, Assenagon Asset Management S.A. raised its holdings in Visteon by 82.2% during the first quarter. Assenagon Asset Management S.A. now owns 140,267 shares of the company's stock worth $10,888,000 after purchasing an additional 63,264 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on VC shares. Morgan Stanley dropped their target price on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $74.00 price objective (down previously from $103.00) on shares of Visteon in a research report on Thursday, April 10th. UBS Group reiterated a "neutral" rating and issued a $76.00 price target (down from $114.00) on shares of Visteon in a research note on Thursday, April 10th. Robert W. Baird cut their price target on Visteon from $100.00 to $76.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Finally, TD Cowen started coverage on Visteon in a research note on Friday, March 7th. They issued a "buy" rating and a $108.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $99.83.

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.