Dark Forest Capital Management LP Invests $3.05 Million in Visteon Co. (NASDAQ:VC)

Dark Forest Capital Management LP purchased a new position in Visteon Co. (NASDAQ:VC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 34,401 shares of the company’s stock, valued at approximately $3,052,000. Visteon comprises about 0.5% of Dark Forest Capital Management LP’s holdings, making the stock its 26th largest holding. Dark Forest Capital Management LP owned about 0.12% of Visteon at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its stake in shares of Visteon by 225.3% in the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock valued at $44,000 after purchasing an additional 347 shares in the last quarter. Signaturefd LLC increased its holdings in Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company’s stock valued at $61,000 after buying an additional 263 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Visteon by 884.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock valued at $105,000 after buying an additional 1,061 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in 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 last quarter. Finally, KBC Group NV grew its position in shares of Visteon by 49.9% in the 4th quarter. KBC Group NV now owns 1,352 shares of the company’s stock worth $120,000 after acquiring an additional 450 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Visteon Price Performance

Shares of VC opened at $73.63 on Wednesday. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 7.51, a price-to-earnings-growth ratio of 0.42 and a beta of 1.32. The stock’s fifty day moving average is $79.70 and its 200-day moving average is $85.71. Visteon Co. has a one year low of $65.10 and a one year high of $117.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $2.47. The company had revenue of $939.00 million for the quarter, compared to the consensus estimate of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. Equities analysts anticipate that Visteon Co. will post 8.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on VC shares. The Goldman Sachs Group restated a “neutral” rating and set a $74.00 price objective (down from $103.00) on shares of Visteon in a research note on Thursday, April 10th. Barclays restated an “equal weight” rating and issued a $82.00 price target (down from $110.00) on shares of Visteon in a research report on Tuesday, April 15th. Robert W. Baird lowered their price objective on shares of Visteon from $100.00 to $76.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Wells Fargo & Company lifted their target price on Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Finally, Guggenheim dropped their price target on Visteon from $108.00 to $91.00 and set a “buy” rating on the stock in a research report on Tuesday. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $99.83.

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.