Visteon Co. (NASDAQ:VC) Short Interest Update

Visteon Co. (NASDAQ:VC) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 734,200 shares, an increase of 17.4% from the February 13th total of 625,200 shares. Currently, 2.8% of the shares of the company are short sold. Based on an average trading volume of 328,400 shares, the short-interest ratio is currently 2.2 days.

Institutional Investors Weigh In On Visteon

Several institutional investors and hedge funds have recently added to or reduced their stakes in VC. Quadrant Capital Group LLC increased its holdings in shares of Visteon by 225.3% during the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock worth $44,000 after buying an additional 347 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Visteon by 62.5% during the fourth quarter. Signaturefd LLC now owns 684 shares of the company’s stock worth $61,000 after buying an additional 263 shares in the last quarter. KBC Group NV increased its holdings in shares of Visteon by 37.7% during the third quarter. KBC Group NV now owns 902 shares of the company’s stock worth $86,000 after buying an additional 247 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Visteon by 884.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock worth $105,000 after buying an additional 1,061 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Visteon by 136.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock worth $116,000 after buying an additional 754 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Visteon Stock Up 0.6 %

NASDAQ VC opened at $80.65 on Wednesday. The business has a fifty day moving average price of $84.56 and a two-hundred day moving average price of $89.38. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. Visteon has a fifty-two week low of $75.75 and a fifty-two week high of $119.16. The stock has a market capitalization of $2.18 billion, a PE ratio of 8.22, a PEG ratio of 0.42 and a beta of 1.39.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on VC shares. Wells Fargo & Company boosted their price objective on Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. TD Cowen started coverage on Visteon in a report on Friday, March 7th. They set a “buy” rating and a $108.00 price objective for the company. Royal Bank of Canada reduced their price objective on Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Morgan Stanley reduced their price objective on Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, Barclays cut their price target on Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Visteon has a consensus rating of “Moderate Buy” and an average price target of $117.25.

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.