Mirae Asset Global Investments Co. Ltd. Sells 321 Shares of Visteon Co. (NASDAQ:VC)

Mirae Asset Global Investments Co. Ltd. lowered its position in Visteon Co. (NASDAQ:VC) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,489 shares of the company’s stock after selling 321 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Visteon were worth $580,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VC. Nordea Investment Management AB bought a new stake in shares of Visteon during the 4th quarter worth about $7,730,000. Principal Financial Group Inc. boosted its position in Visteon by 3.2% during the third quarter. Principal Financial Group Inc. now owns 274,365 shares of the company’s stock worth $26,131,000 after purchasing an additional 8,500 shares during the period. Mirabella Financial Services LLP boosted its position in Visteon by 361.3% during the third quarter. Mirabella Financial Services LLP now owns 17,096 shares of the company’s stock worth $1,628,000 after purchasing an additional 13,390 shares during the period. Systematic Financial Management LP grew its holdings in Visteon by 11.8% during the third quarter. Systematic Financial Management LP now owns 259,641 shares of the company’s stock valued at $24,728,000 after purchasing an additional 27,403 shares during the last quarter. Finally, Royce & Associates LP raised its position in shares of Visteon by 28.2% in the third quarter. Royce & Associates LP now owns 202,214 shares of the company’s stock valued at $19,259,000 after purchasing an additional 44,460 shares during the period. Institutional investors own 99.71% of the company’s stock.

Visteon Stock Down 1.1 %

NASDAQ VC opened at $80.26 on Thursday. The stock’s 50 day simple moving average is $86.49 and its 200 day simple moving average is $92.18. Visteon Co. has a one year low of $75.75 and a one year high of $123.73. The firm has a market cap of $2.22 billion, a PE ratio of 4.36, a price-to-earnings-growth ratio of 0.36 and a beta of 1.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47.

Wall Street Analyst Weigh In

VC has been the topic of several research analyst reports. StockNews.com downgraded Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Barclays lowered their target price on Visteon from $140.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Wells Fargo & Company cut their price target on Visteon from $122.00 to $119.00 and set an “overweight” rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. lowered their price objective on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Finally, Royal Bank of Canada dropped their target price on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $125.23.

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.