Visteon Co. (NASDAQ:VC) Shares Sold by Atria Investments Inc

Atria Investments Inc lessened its holdings in shares of Visteon Co. (NASDAQ:VC) by 90.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,115 shares of the company’s stock after selling 19,339 shares during the quarter. Atria Investments Inc’s holdings in Visteon were worth $201,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in VC. Signaturefd LLC lifted its stake in Visteon by 70.8% during the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after purchasing an additional 119 shares during the last quarter. Mather Group LLC. purchased a new stake in Visteon during the second quarter worth approximately $59,000. Acadian Asset Management LLC purchased a new stake in Visteon during the second quarter worth approximately $89,000. nVerses Capital LLC lifted its stake in Visteon by 22.2% during the second quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock worth $117,000 after purchasing an additional 200 shares during the last quarter. Finally, Shell Asset Management Co. lifted its stake in Visteon by 31.2% during the first quarter. Shell Asset Management Co. now owns 1,993 shares of the company’s stock worth $234,000 after purchasing an additional 474 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Stock Performance

Visteon stock opened at $92.01 on Monday. The firm has a market capitalization of $2.54 billion, a P/E ratio of 5.00, a PEG ratio of 0.45 and a beta of 1.45. The stock has a fifty day moving average price of $92.23 and a 200 day moving average price of $100.89. Visteon Co. has a 52 week low of $86.27 and a 52 week high of $131.70. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, October 24th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $1.89 by $0.37. The firm had revenue of $980.00 million during the quarter, compared to analyst estimates of $965.60 million. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.35 earnings per share. Equities research analysts anticipate that Visteon Co. will post 8.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on VC shares. StockNews.com lowered Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $124.00 target price on shares of Visteon in a report on Tuesday, September 10th. Royal Bank of Canada dropped their target price on Visteon from $129.00 to $124.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. The Goldman Sachs Group dropped their target price on Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Finally, Morgan Stanley dropped their target price on Visteon from $135.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 14th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.57.

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.