State of Alaska Department of Revenue boosted its position in shares of Visteon Corp (NYSE:VC) by 41.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,972 shares of the auto parts company’s stock after purchasing an additional 1,455 shares during the period. State of Alaska Department of Revenue’s holdings in Visteon were worth $410,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Panagora Asset Management Inc. purchased a new position in Visteon during the second quarter worth about $138,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in Visteon by 21.9% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,651 shares of the auto parts company’s stock worth $155,000 after purchasing an additional 476 shares during the period. BNP Paribas Arbitrage SA raised its stake in Visteon by 273.8% during the second quarter. BNP Paribas Arbitrage SA now owns 3,383 shares of the auto parts company’s stock worth $198,000 after purchasing an additional 2,478 shares during the period. Riverhead Capital Management LLC raised its stake in Visteon by 20.7% during the second quarter. Riverhead Capital Management LLC now owns 3,500 shares of the auto parts company’s stock worth $205,000 after purchasing an additional 600 shares during the period. Finally, River & Mercantile Asset Management LLP purchased a new position in Visteon during the second quarter worth about $228,000.
Shares of VC opened at $84.90 on Friday. Visteon Corp has a 1-year low of $44.04 and a 1-year high of $92.86. The firm has a 50-day simple moving average of $78.04 and a two-hundred day simple moving average of $65.26.
Visteon (NYSE:VC) last announced its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.07). The business had revenue of $733.00 million for the quarter, compared to analyst estimates of $719.55 million. During the same period in the previous year, the company posted $1.37 EPS. Visteon’s revenue was down 3.3% on a year-over-year basis.
VC has been the topic of a number of analyst reports. Guggenheim initiated coverage on shares of Visteon in a research note on Tuesday, October 15th. They set a “neutral” rating on the stock. Barclays set a $60.00 target price on shares of Visteon and gave the stock a “hold” rating in a research note on Friday, July 26th. Morgan Stanley set a $43.00 price target on shares of Visteon and gave the company a “sell” rating in a research report on Wednesday, June 26th. Citigroup set a $86.00 price target on shares of Visteon and gave the company a “hold” rating in a research report on Friday, September 13th. Finally, Robert W. Baird set a $81.00 price target on shares of Visteon and gave the company a “buy” rating in a research report on Thursday, September 26th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $69.50.
Visteon Company Profile
Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.
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