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

Visteon Co. (NASDAQ:VC) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 971,700 shares, an increase of 28.1% from the March 15th total of 758,700 shares. Approximately 3.7% of the shares of the company are sold short. Based on an average trading volume of 355,400 shares, the short-interest ratio is presently 2.7 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC increased its position in Visteon by 89.3% during the 3rd quarter. FMR LLC now owns 3,354 shares of the company’s stock worth $319,000 after purchasing an additional 1,582 shares in the last quarter. Morse Asset Management Inc purchased a new stake in shares of Visteon during the third quarter worth about $164,000. XTX Topco Ltd acquired a new position in shares of Visteon in the third quarter valued at approximately $230,000. Barclays PLC lifted its stake in shares of Visteon by 60.0% during the third quarter. Barclays PLC now owns 63,716 shares of the company’s stock valued at $6,068,000 after buying an additional 23,893 shares during the period. Finally, Geode Capital Management LLC boosted its position in Visteon by 1.2% during the third quarter. Geode Capital Management LLC now owns 668,682 shares of the company’s stock worth $63,698,000 after acquiring an additional 7,743 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Stock Up 1.6 %

VC stock opened at $71.81 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $80.03 and its 200 day moving average price is $86.03. Visteon has a 52 week low of $65.10 and a 52 week high of $117.94. The company has a market cap of $1.94 billion, a P/E ratio of 7.32, a P/E/G ratio of 0.42 and a beta of 1.32.

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

Analysts Set New Price Targets

Several analysts recently commented on VC shares. Robert W. Baird reduced their price target on shares of Visteon from $100.00 to $76.00 and set a “neutral” rating for the company in a research report on Tuesday. Wells Fargo & Company raised their price target on Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating 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 research note on Monday, March 3rd. Barclays reiterated an “equal weight” rating and issued a $82.00 target price (down from $110.00) on shares of Visteon in a research note on Tuesday. Finally, TD Cowen started coverage on Visteon in a research note on Friday, March 7th. They set a “buy” rating and a $108.00 price target for the company. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $100.64.

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.