Tiverton Asset Management LLC Acquires New Position in Visteon Corp (NYSE:VC)

Tiverton Asset Management LLC bought a new position in shares of Visteon Corp (NYSE:VC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,416 shares of the auto parts company’s stock, valued at approximately $376,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in Visteon by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 295,151 shares of the auto parts company’s stock valued at $17,791,000 after acquiring an additional 9,538 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Visteon by 76.1% in the first quarter. BNP Paribas Arbitrage SA now owns 905 shares of the auto parts company’s stock worth $61,000 after buying an additional 391 shares during the last quarter. Dupont Capital Management Corp acquired a new position in shares of Visteon in the 1st quarter valued at $155,000. Texas Permanent School Fund increased its position in shares of Visteon by 1.4% in the first quarter. Texas Permanent School Fund now owns 19,177 shares of the auto parts company’s stock worth $1,292,000 after acquiring an additional 259 shares in the last quarter. Finally, Stevens Capital Management LP purchased a new stake in shares of Visteon in the 1st quarter valued at approximately $1,472,000.

In related news, Director Harry James Wilson bought 2,000 shares of Visteon stock in a transaction that occurred on Friday, June 21st. The stock was acquired at an average price of $53.92 per share, for a total transaction of $107,840.00. Following the completion of the purchase, the director now owns 12,000 shares in the company, valued at $647,040. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.19% of the stock is currently owned by corporate insiders.

VC has been the subject of a number of recent research reports. Deutsche Bank set a $64.00 price target on Visteon and gave the stock a “hold” rating in a research note on Friday, July 26th. Zacks Investment Research raised shares of Visteon from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 29th. Barclays set a $60.00 target price on shares of Visteon and gave the company a “hold” rating in a research note on Friday, July 26th. Robert W. Baird lifted their price objective on shares of Visteon from $65.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Cowen set a $72.00 price objective on shares of Visteon and gave the stock a “buy” rating in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. Visteon has an average rating of “Hold” and a consensus price target of $73.33.

VC stock traded down $3.63 on Wednesday, reaching $79.82. 30,733 shares of the company were exchanged, compared to its average volume of 613,686. Visteon Corp has a 12 month low of $44.04 and a 12 month high of $108.42. The stock’s fifty day moving average price is $66.23 and its 200 day moving average price is $64.90.

Visteon (NYSE:VC) last issued 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 analysts’ expectations of $719.55 million. Visteon’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.37 earnings per share.

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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Institutional Ownership by Quarter for Visteon (NYSE:VC)

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