Mirabella Financial Services LLP Acquires 13,390 Shares of Visteon Co. (NASDAQ:VC)

Mirabella Financial Services LLP boosted its holdings in shares of Visteon Co. (NASDAQ:VC) by 361.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 17,096 shares of the company’s stock after purchasing an additional 13,390 shares during the quarter. Mirabella Financial Services LLP’s holdings in Visteon were worth $1,628,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in VC. Vanguard Group Inc. boosted its stake in Visteon by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 2,929,339 shares of the company’s stock valued at $344,520,000 after purchasing an additional 48,457 shares during the period. Shell Asset Management Co. lifted its position in shares of Visteon by 31.2% in the 1st quarter. Shell Asset Management Co. now owns 1,993 shares of the company’s stock worth $234,000 after acquiring an additional 474 shares during the period. Gabelli Funds LLC lifted its position in shares of Visteon by 16.7% in the 1st quarter. Gabelli Funds LLC now owns 14,000 shares of the company’s stock worth $1,647,000 after acquiring an additional 2,000 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Visteon in the 1st quarter worth approximately $583,000. Finally, Silvercrest Asset Management Group LLC lifted its position in shares of Visteon by 30.2% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 70,353 shares of the company’s stock worth $8,274,000 after buying an additional 16,319 shares during the period. Institutional investors own 99.71% of the company’s stock.

Visteon Stock Performance

VC stock opened at $92.01 on Monday. The business’s 50-day moving average price is $92.23 and its two-hundred day moving average price is $100.89. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. The firm has a market cap of $2.54 billion, a PE ratio of 5.00, a P/E/G ratio of 0.44 and a beta of 1.45. Visteon Co. has a 1-year low of $86.27 and a 1-year high of $131.70.

Visteon (NASDAQ:VC) last issued its quarterly earnings results on Thursday, October 24th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.37. The company had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.60 million. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.35 earnings per share. As a group, research analysts forecast that Visteon Co. will post 8.2 earnings per share for the current year.

Analysts Set New Price Targets

VC has been the subject of several analyst reports. The Goldman Sachs Group cut their target price on Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a research report on Tuesday, October 1st. StockNews.com downgraded Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Wolfe Research initiated coverage on Visteon in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Royal Bank of Canada dropped their price target on Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. dropped their price target on Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.57.

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.