Visteon Co. (NASDAQ:VC) Shares Bought by Mirabella Financial Services LLP

Mirabella Financial Services LLP raised its holdings in Visteon Co. (NASDAQ:VC) by 361.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,096 shares of the company’s stock after purchasing an additional 13,390 shares during the period. Mirabella Financial Services LLP owned about 0.06% of Visteon worth $1,628,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Signaturefd LLC raised its position in shares of Visteon by 70.8% in the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after purchasing an additional 119 shares in the last quarter. nVerses Capital LLC raised its position in shares of Visteon by 22.2% in the 2nd quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock valued at $117,000 after purchasing an additional 200 shares in the last quarter. Covestor Ltd raised its position in shares of Visteon by 14.8% in the 3rd quarter. Covestor Ltd now owns 1,567 shares of the company’s stock valued at $149,000 after purchasing an additional 202 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Visteon by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 3,221 shares of the company’s stock valued at $306,000 after acquiring an additional 215 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Visteon by 37.7% in the 3rd quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after acquiring an additional 247 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Visteon Trading Up 1.8 %

Shares of NASDAQ VC opened at $92.01 on Monday. Visteon Co. has a 12 month low of $86.27 and a 12 month high of $131.70. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 5.00, a P/E/G ratio of 0.44 and a beta of 1.45. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $92.23 and a 200-day simple moving average of $100.89.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, October 24th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.37. The firm had revenue of $980.00 million during the quarter, compared to the consensus estimate of $965.60 million. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.35 EPS. Sell-side analysts predict that Visteon Co. will post 8.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. StockNews.com downgraded Visteon from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. Royal Bank of Canada lowered their price objective on Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Morgan Stanley lowered their price objective on Visteon from $135.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 14th. Wolfe Research initiated coverage on Visteon in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, The Goldman Sachs Group lowered their price objective on Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a research note on Tuesday, October 1st. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $127.57.

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.