Visteon Co. (NASDAQ:VC) Sees Significant Increase in Short Interest

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

Institutional Trading of Visteon

A number of institutional investors have recently made changes to their positions in VC. Quadrant Capital Group LLC lifted 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 worth $44,000 after acquiring an additional 347 shares during the period. Signaturefd LLC lifted its stake in shares of Visteon by 62.5% in the 4th quarter. Signaturefd LLC now owns 684 shares of the company’s stock worth $61,000 after acquiring an additional 263 shares during the period. KBC Group NV lifted its stake in shares of Visteon by 37.7% in the 3rd 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. Nomura Asset Management Co. Ltd. lifted its stake in shares of Visteon by 884.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock worth $105,000 after acquiring an additional 1,061 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Visteon by 136.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock worth $116,000 after acquiring an additional 754 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Visteon Trading Up 1.4 %

Visteon stock opened at $82.04 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $84.42 and a two-hundred day moving average price of $89.27. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 0.42 and a beta of 1.39. Visteon has a 52-week low of $75.75 and a 52-week high of $119.16.

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

Visteon Company 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.