Quadrature Capital Ltd Has $261,000 Holdings in Visteon Co. (NASDAQ:VC)

Quadrature Capital Ltd reduced its holdings in Visteon Co. (NASDAQ:VC) by 28.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,745 shares of the company’s stock after selling 1,099 shares during the period. Quadrature Capital Ltd’s holdings in Visteon were worth $261,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. American Century Companies Inc. raised its position in shares of Visteon by 1,459.9% in the 2nd quarter. American Century Companies Inc. now owns 523,521 shares of the company’s stock valued at $55,860,000 after acquiring an additional 489,959 shares during the period. Victory Capital Management Inc. increased its stake in Visteon by 10.0% in the second quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company’s stock valued at $161,760,000 after purchasing an additional 137,264 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in Visteon in the third quarter valued at approximately $10,779,000. Millennium Management LLC raised its holdings in Visteon by 24.4% in the second quarter. Millennium Management LLC now owns 568,536 shares of the company’s stock worth $60,663,000 after purchasing an additional 111,377 shares during the period. Finally, Lodge Hill Capital LLC bought a new position in shares of Visteon during the second quarter worth $11,204,000. 99.71% of the stock is owned by institutional investors.

Visteon Stock Performance

VC opened at $93.77 on Wednesday. The business’s 50-day simple moving average is $92.03 and its 200 day simple moving average is $99.31. Visteon Co. has a 52-week low of $86.27 and a 52-week high of $131.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82. The firm has a market capitalization of $2.59 billion, a PE ratio of 5.09, a PEG ratio of 0.44 and a beta of 1.44.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.37. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The business had revenue of $980.00 million during the quarter, compared to analysts’ expectations of $965.60 million. During the same period last year, the business earned $2.35 earnings per share. The firm’s revenue was down 3.4% on a year-over-year basis. As a group, sell-side analysts expect that Visteon Co. will post 8.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on VC shares. StockNews.com downgraded Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. The Goldman Sachs Group cut their price objective on Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Royal Bank of Canada lowered their target price on Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Morgan Stanley cut their price target on shares of Visteon from $135.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 14th. Finally, Wolfe Research assumed coverage on shares of Visteon in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock 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.