It is currently trading at $121.43 just a bit higher than $114.64, the stock’s 50 day moving average and which is quite a bit above the 200 day moving average of $103.69. The 50 day moving average was up $6.79 or +5.93% and the 200 day average moved up $17.74. Trading was light with 323K shares changing hands in the last trading session. Shares saw a steep decrease in trading volume of 55.62% under the normal average daily volume.
Short traders are more bullish on shares of Visteon Corporation lately as inferred by the fall in short interest. The firm saw a fall in short interest of -7.50% as of August 31, 2017 from the last reporting period. Short shares fell 85,544 over that period. Days to cover increased from 5.0 to 6.0 and the percentage of shorted shares is 0.03% as of August 31.
There has been some selling insider activity on Visteon Corporation (NYSE:VC) recently. Matthew M. Cole, Sr VP disclosed the sale of 1,359 shares of (VC). The shares were purchased at an average price of $114.20. The Sr VP now owns $36,430 of the stock according to the SEC filing.
Additionally, here are a few investment firms who have increased or decreased their stake in (VC). As of quarter end Cantab Capital Partners Llp had disposed of a total of 8,021 shares trimming its stake by 81.3%. The value of the investment in VC went from $966,000 to $188,000,000 a change of 19,361.7% for the reporting period. Janus Capital Management LLC bolstered its stake by buying 437,296 shares an increase of 1,987.7%. Janus Capital Management LLC claims 459,296 shares with a value of $44,988,000. The value of the position overall is up by 2,446.0%.
Squarepoint Ops LLC added to its holdings by buying 2,223 shares an increase of 17.6% in the quarter. Squarepoint Ops LLC now holds 14,886 shares worth $1,519,000. The total value of its holdings increased 22.5%. Ubs Group Ag divested its position by selling 5,889 shares a decrease of 38.2% from 03/31/2017 to 06/30/2017. Ubs Group Ag owns 9,524 shares valued at $972,000. The value of the position overall is down by 35.6%.
On August 2 Barclays made no change to the stock rating of “Equal-Weight” and raised the price expectation from $85.00 to $98.00. On July 31, 2017 the stock rating was rated “Neutral” in a report from Wells Fargo a boost from the previous “Market Perform” rating.
On July 31 the company was downgraded to “Neutral” from “Buy” in a report issued by UBS.
Visteon Corporation currently has a P/E ratio of 29.35 and market cap is 3.79B. As of the last earnings report the EPS was $4.14 and is estimated to be $6.11 for the current year with 31,171,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $1.77 with next year’s EPS anticipated to be $6.85.
Visteon Corporation, launched on January 5, 2000, is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM) across the world, including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Business’s Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays. The Company designs and manufacturers vehicle cockpit electronics components, modules and systems. The Business’s manufacturing and engineering footprint is principally located outside of the United States..