Visteon Sees Unusually Large Options Volume (VC)
Visteon Corp (NYSE:VC) was the recipient of some unusual options trading on Monday. Stock traders bought 1,256 call options on the stock. This represents an increase of approximately 2,315% compared to the average volume of 52 call options.
In other Visteon news, CEO Sachin Lawande sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $129.26, for a total value of $646,300.00. Following the sale, the chief executive officer now owns 8,595 shares in the company, valued at approximately $1,110,989.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 17,500 shares of company stock worth $2,263,500 in the last 90 days. Company insiders own 0.19% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Teachers Advisors LLC increased its holdings in shares of Visteon by 4.4% during the 4th quarter. Teachers Advisors LLC now owns 273,527 shares of the auto parts company’s stock worth $34,229,000 after acquiring an additional 11,467 shares during the last quarter. Raymond James & Associates boosted its stake in Visteon by 9.4% in the 4th quarter. Raymond James & Associates now owns 11,726 shares of the auto parts company’s stock valued at $1,467,000 after purchasing an additional 1,010 shares during the period. Goldman Sachs Group Inc. boosted its stake in Visteon by 51.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 216,900 shares of the auto parts company’s stock valued at $27,143,000 after purchasing an additional 73,880 shares during the period. Stone Ridge Asset Management LLC bought a new stake in Visteon in the 4th quarter valued at $1,935,000. Finally, Jefferies Group LLC boosted its stake in Visteon by 267.6% in the 4th quarter. Jefferies Group LLC now owns 19,907 shares of the auto parts company’s stock valued at $2,491,000 after purchasing an additional 14,491 shares during the period.
Visteon (NYSE VC) traded up $3.20 during mid-day trading on Wednesday, hitting $123.38. The company had a trading volume of 312,353 shares, compared to its average volume of 324,450. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.97 and a quick ratio of 1.76. The firm has a market cap of $3,740.00, a price-to-earnings ratio of 23.59, a PEG ratio of 1.34 and a beta of 0.85. Visteon has a 1-year low of $89.60 and a 1-year high of $140.64.
Visteon declared that its board has authorized a share repurchase program on Tuesday, January 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the auto parts company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
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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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