Peregrine Capital Management LLC Has $5.22 Million Holdings in Visteon Corp (VC)
Peregrine Capital Management LLC decreased its position in shares of Visteon Corp (NYSE:VC) by 23.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,232 shares of the auto parts company’s stock after selling 16,998 shares during the period. Peregrine Capital Management LLC owned approximately 0.19% of Visteon worth $5,224,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of VC. James Investment Research Inc. bought a new position in shares of Visteon in the second quarter worth about $147,000. BNP Paribas Arbitrage SA grew its holdings in shares of Visteon by 189.9% in the second quarter. BNP Paribas Arbitrage SA now owns 1,464 shares of the auto parts company’s stock worth $189,000 after purchasing an additional 959 shares during the last quarter. Moneta Group Investment Advisors LLC grew its holdings in shares of Visteon by 92.9% in the second quarter. Moneta Group Investment Advisors LLC now owns 1,640 shares of the auto parts company’s stock worth $212,000 after purchasing an additional 790 shares during the last quarter. Oakbrook Investments LLC bought a new position in shares of Visteon in the third quarter worth about $214,000. Finally, GSA Capital Partners LLP bought a new position in shares of Visteon in the second quarter worth about $233,000.
A number of research analysts have recently commented on the stock. Wells Fargo & Co restated a “market perform” rating and issued a $86.00 price target (down from $123.00) on shares of Visteon in a report on Wednesday, October 17th. Consumer Edge assumed coverage on shares of Visteon in a report on Thursday, October 4th. They issued an “outperform” rating and a $130.00 price target on the stock. Wolfe Research started coverage on shares of Visteon in a report on Tuesday, October 2nd. They issued a “peer perform” rating on the stock. Raymond James reaffirmed a “buy” rating on shares of Visteon in a research note on Monday, August 20th. Finally, Morgan Stanley set a $98.00 price objective on shares of Visteon and gave the stock a “sell” rating in a research note on Monday, August 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. Visteon presently has a consensus rating of “Buy” and a consensus target price of $135.06.
NYSE:VC opened at $76.73 on Monday. Visteon Corp has a 1-year low of $73.28 and a 1-year high of $140.64. The company has a quick ratio of 1.76, a current ratio of 1.97 and a debt-to-equity ratio of 0.47.
Visteon (NYSE:VC) last released its quarterly earnings data on Thursday, July 26th. The auto parts company reported $1.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.47 by ($0.10). Visteon had a return on equity of 29.13% and a net margin of 4.83%. The business had revenue of $758.00 million during the quarter, compared to analysts’ expectations of $794.15 million. During the same period last year, the company earned $1.38 earnings per share. The firm’s revenue was down 2.1% compared to the same quarter last year. On average, equities research analysts predict that Visteon Corp will post 6.23 EPS for the current fiscal year.
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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