Visteon Co. (NASDAQ:VC) Holdings Trimmed by Walleye Capital LLC

Walleye Capital LLC cut its holdings in Visteon Co. (NASDAQ:VC - Free Report) by 48.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,504 shares of the company's stock after selling 5,159 shares during the quarter. Walleye Capital LLC's holdings in Visteon were worth $488,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in VC. Quadrant Capital Group LLC lifted its position in Visteon by 225.3% during 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 period. Signaturefd LLC raised its holdings in Visteon by 62.5% during the 4th quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after purchasing an additional 263 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Visteon by 884.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company's stock worth $105,000 after acquiring an additional 1,061 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Visteon by 136.8% during 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 period. Finally, KBC Group NV boosted its position in shares of Visteon by 49.9% during the 4th 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 Stock Performance

Shares of Visteon stock traded down $1.14 on Tuesday, hitting $79.08. The stock had a trading volume of 43,229 shares, compared to its average volume of 303,645. The company's 50 day moving average price is $79.07 and its 200 day moving average price is $85.28. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 8.05, a P/E/G ratio of 0.42 and a beta of 1.32. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. Visteon Co. has a 52-week low of $65.10 and a 52-week high of $117.94.

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

Wall Street Analysts Forecast Growth

VC has been the subject of several analyst reports. Guggenheim decreased their price objective on shares of Visteon from $108.00 to $91.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. TD Cowen assumed coverage on Visteon in a research report on Friday, March 7th. They set a "buy" rating and a $108.00 target price for the company. Wells Fargo & Company raised their price objective on shares of Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Robert W. Baird increased their target price on shares of Visteon from $76.00 to $86.00 and gave the company a "neutral" rating in a research report on Friday. Finally, Morgan Stanley lowered their price target on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Nine equities 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 stock has a consensus rating of "Hold" and a consensus target price of $100.67.

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.