Magnetar Financial LLC Has $1.93 Million Holdings in Visteon Co. (NASDAQ:VC)

Magnetar Financial LLC grew its position in shares of Visteon Co. (NASDAQ:VC) by 165.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,715 shares of the company’s stock after purchasing an additional 13,530 shares during the quarter. Magnetar Financial LLC owned approximately 0.08% of Visteon worth $1,927,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Franklin Resources Inc. boosted its stake in shares of Visteon by 0.8% during the third quarter. Franklin Resources Inc. now owns 20,620 shares of the company’s stock valued at $1,881,000 after purchasing an additional 171 shares in the last quarter. Xponance Inc. lifted its stake in shares of Visteon by 4.7% in the fourth quarter. Xponance Inc. now owns 3,898 shares of the company’s stock worth $346,000 after acquiring an additional 175 shares during the period. Inspire Investing LLC lifted its stake in shares of Visteon by 5.0% in the fourth quarter. Inspire Investing LLC now owns 4,533 shares of the company’s stock worth $402,000 after acquiring an additional 216 shares during the period. KBC Group NV lifted its stake in shares of Visteon by 37.7% in the third quarter. KBC Group NV now owns 902 shares of the company’s stock worth $86,000 after acquiring an additional 247 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company’s stock worth $61,000 after acquiring an additional 263 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VC has been the topic of a number of recent analyst reports. Morgan Stanley cut their price objective on Visteon from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Barclays cut their price objective on Visteon from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. TD Cowen initiated coverage on Visteon in a research note on Friday, March 7th. They issued a “buy” rating and a $108.00 price objective on the stock. Royal Bank of Canada cut their price objective on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Finally, Wells Fargo & Company lifted their target price on Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Visteon presently has an average rating of “Moderate Buy” and an average target price of $117.25.

Visteon Trading Up 1.4 %

NASDAQ VC opened at $82.04 on Friday. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 8.36, a P/E/G ratio of 0.42 and a beta of 1.39. Visteon Co. has a 52 week low of $75.75 and a 52 week high of $119.16. The business has a 50 day moving average price of $84.42 and a 200-day moving average price of $89.27. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23.

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

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.