Hsbc Holdings PLC Sells 2,232 Shares of Visteon Corp (NYSE:VC)

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Hsbc Holdings PLC lessened its position in Visteon Corp (NYSE:VC) by 23.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,358 shares of the auto parts company’s stock after selling 2,232 shares during the period. Hsbc Holdings PLC’s holdings in Visteon were worth $683,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Tygh Capital Management Inc. boosted its holdings in Visteon by 0.8% during the second quarter. Tygh Capital Management Inc. now owns 54,927 shares of the auto parts company’s stock worth $7,099,000 after buying an additional 421 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Visteon by 37.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,960 shares of the auto parts company’s stock valued at $252,000 after purchasing an additional 531 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Visteon by 27.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,463 shares of the auto parts company’s stock valued at $318,000 after purchasing an additional 532 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its position in shares of Visteon by 92.9% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,640 shares of the auto parts company’s stock valued at $212,000 after purchasing an additional 790 shares in the last quarter. Finally, Creative Planning boosted its position in shares of Visteon by 31.5% during the 3rd quarter. Creative Planning now owns 3,461 shares of the auto parts company’s stock valued at $322,000 after purchasing an additional 829 shares in the last quarter.

NYSE:VC traded up $0.10 during mid-day trading on Friday, reaching $65.72. 701,500 shares of the company’s stock traded hands, compared to its average volume of 723,638. Visteon Corp has a 12-month low of $56.59 and a 12-month high of $139.45.

Visteon (NYSE:VC) last announced its earnings results on Thursday, October 25th. The auto parts company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.03). The business had revenue of $681.00 million for the quarter, compared to analyst estimates of $727.48 million.

Several research analysts have issued reports on the company. Robert W. Baird lowered Visteon from an “outperform” rating to a “neutral” rating in a report on Friday, January 4th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $86.00 price target (down from $123.00) on shares of Visteon in a research report on Wednesday, October 17th. Consumer Edge started coverage on Visteon in a research report on Thursday, October 4th. They set an “outperform” rating and a $130.00 price target for the company. Wolfe Research started coverage on Visteon in a research report on Tuesday, October 2nd. They set a “peer perform” rating for the company. Finally, Barclays set a $59.00 target price on Visteon and gave the stock a “hold” rating in a research report on Friday, January 4th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. Visteon currently has a consensus rating of “Hold” and an average target price of $120.82.

In other Visteon news, Director Rouzbeh Yassini-Fard bought 2,000 shares of Visteon stock in a transaction that occurred on Wednesday, November 28th. The stock was purchased at an average price of $75.57 per share, with a total value of $151,140.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $151,140. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Manzo acquired 1,000 shares of the business’s stock in a transaction on Monday, October 29th. The stock was purchased at an average cost of $77.37 per share, with a total value of $77,370.00. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $154,740. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 9,000 shares of company stock valued at $691,270. 0.19% of the stock is owned by insiders.

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Visteon 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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Institutional Ownership by Quarter for Visteon (NYSE:VC)

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