Hudson Bay Capital Management LP Invests $8.05 Million in Visteon Corporation $VC

Hudson Bay Capital Management LP bought a new position in shares of Visteon Corporation (NASDAQ:VC) in the second quarter, Holdings Channel.com reports. The fund bought 86,248 shares of the company’s stock, valued at approximately $8,047,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp boosted its position in Visteon by 111.5% during the second quarter. Fifth Third Bancorp now owns 387 shares of the company’s stock worth $36,000 after acquiring an additional 204 shares during the last quarter. EMC Capital Management acquired a new position in shares of Visteon during the 2nd quarter worth approximately $45,000. GAMMA Investing LLC boosted its holdings in shares of Visteon by 238.0% during the 2nd quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock worth $56,000 after purchasing an additional 426 shares during the last quarter. Signaturefd LLC grew its position in shares of Visteon by 106.6% in the second quarter. Signaturefd LLC now owns 1,886 shares of the company’s stock valued at $176,000 after purchasing an additional 973 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Visteon by 315.2% in the second quarter. Parallel Advisors LLC now owns 1,997 shares of the company’s stock valued at $186,000 after purchasing an additional 1,516 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Visteon news, CEO Sachin Lawande sold 595 shares of Visteon stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $110.02, for a total value of $65,461.90. Following the completion of the transaction, the chief executive officer directly owned 175,527 shares of the company’s stock, valued at $19,311,480.54. The trade was a 0.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

VC has been the topic of a number of analyst reports. Barclays set a $130.00 price objective on Visteon in a research report on Monday, October 27th. Wall Street Zen lowered Visteon from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. The Goldman Sachs Group set a $150.00 price objective on shares of Visteon and gave the company a “buy” rating in a report on Thursday, October 23rd. Morgan Stanley lifted their target price on shares of Visteon from $95.00 to $114.00 and gave the stock an “equal weight” rating in a research note on Monday, December 8th. Finally, Robert W. Baird set a $141.00 target price on shares of Visteon in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.08.

Visteon Trading Down 0.8%

NASDAQ VC opened at $102.65 on Tuesday. The firm’s 50-day moving average is $106.36 and its two-hundred day moving average is $109.31. Visteon Corporation has a 12 month low of $65.10 and a 12 month high of $129.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.56. The stock has a market capitalization of $2.80 billion, a P/E ratio of 9.22, a PEG ratio of 2.45 and a beta of 1.14.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.08. The business had revenue of $917.00 million during the quarter, compared to analysts’ expectations of $945.41 million. Visteon had a net margin of 8.22% and a return on equity of 21.85%. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period last year, the business earned $2.26 earnings per share. On average, sell-side analysts anticipate that Visteon Corporation will post 8.42 earnings per share for the current year.

Visteon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Tuesday, November 18th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, November 18th. Visteon’s dividend payout ratio (DPR) is 9.88%.

Visteon Company Profile

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.