Centaurus Financial Inc. Has $917,000 Stock Holdings in Visteon Co. (NASDAQ:VC)

Centaurus Financial Inc. raised its stake in Visteon Co. (NASDAQ:VC) by 4.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,625 shares of the company’s stock after buying an additional 411 shares during the period. Centaurus Financial Inc.’s holdings in Visteon were worth $917,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in VC. Signaturefd LLC boosted its holdings in shares of Visteon by 70.8% during the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after acquiring an additional 119 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Visteon during the second quarter valued at about $59,000. KBC Group NV grew its holdings in shares of Visteon by 37.7% during the third quarter. KBC Group NV now owns 902 shares of the company’s stock worth $86,000 after purchasing an additional 247 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Visteon in the second quarter valued at approximately $89,000. Finally, nVerses Capital LLC raised its holdings in 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 buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on VC shares. Wells Fargo & Company upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $115.00 to $122.00 in a research report on Friday, September 20th. Barclays lowered their target price on Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. StockNews.com lowered Visteon from a “buy” rating to a “hold” rating in a research 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 report on Friday, October 25th. Finally, JPMorgan Chase & Co. reduced their target price on Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.57.

Visteon Price Performance

Shares of NASDAQ VC opened at $95.86 on Tuesday. The firm has a market capitalization of $2.65 billion, a P/E ratio of 5.20, a P/E/G ratio of 0.44 and a beta of 1.45. The firm’s 50-day moving average price is $92.33 and its 200-day moving average price is $100.75. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. Visteon Co. has a 1-year low of $86.27 and a 1-year high of $131.70.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.37. The business had revenue of $980.00 million for 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 firm’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. Equities research analysts anticipate that Visteon Co. will post 8.2 earnings per share for the current fiscal year.

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.