Holocene Advisors LP Acquires 6,996 Shares of Visteon Co. (NASDAQ:VC)

Holocene Advisors LP lifted its holdings in Visteon Co. (NASDAQ:VC) by 25.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 34,880 shares of the company’s stock after buying an additional 6,996 shares during the period. Holocene Advisors LP’s holdings in Visteon were worth $3,322,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. American Century Companies Inc. increased its position in Visteon by 1,459.9% during the second 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 last quarter. Victory Capital Management Inc. boosted its stake in shares of Visteon by 10.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company’s stock worth $161,760,000 after purchasing an additional 137,264 shares during the period. Millennium Management LLC grew its holdings in Visteon by 24.4% during the 2nd quarter. Millennium Management LLC now owns 568,536 shares of the company’s stock valued at $60,663,000 after purchasing an additional 111,377 shares during the last quarter. Lodge Hill Capital LLC purchased a new stake in Visteon in the 2nd quarter worth about $11,204,000. Finally, Dimensional Fund Advisors LP lifted its stake in Visteon by 14.3% in the second quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company’s stock worth $71,552,000 after purchasing an additional 83,840 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Visteon Trading Down 1.8 %

Shares of NASDAQ:VC opened at $94.06 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $2.60 billion, a PE ratio of 5.11, a P/E/G ratio of 0.45 and a beta of 1.44. Visteon Co. has a 12-month low of $86.27 and a 12-month high of $131.70. The business’s fifty day simple moving average is $92.20 and its 200-day simple moving average is $99.78.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, October 24th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.37. The company had revenue of $980.00 million for 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 firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.35 earnings per share. As a group, equities research analysts predict that Visteon Co. will post 8.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

VC has been the topic of several recent analyst reports. The Goldman Sachs Group reduced their price target on Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Barclays reduced their target price on Visteon from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. StockNews.com lowered shares of Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Wells Fargo & Company upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $115.00 to $122.00 in a report on Friday, September 20th. Finally, Wolfe Research started coverage on shares of Visteon in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Seven 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 currently has an average rating of “Moderate Buy” and an average target price of $127.57.

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.