Today: Today: First Eagle Investment Management LLC Increases Stake in Visteon Corp. (VC)

Today: First Eagle Investment Management LLC Increases Stake in Visteon Corp. (VC)

First Eagle Investment Management LLC raised its stake in Visteon Corp. (NYSE:VC) by 2.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 913,212 shares of the company’s stock after buying an additional 23,000 shares during the period. First Eagle Investment Management LLC owned 2.68% of Visteon Corp. worth $65,441,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. GSA Capital Partners LLP purchased a new position in Visteon Corp. during the second quarter valued at $391,000. RS Investment Management Co. LLC boosted its position in Visteon Corp. by 58.7% in the second quarter. RS Investment Management Co. LLC now owns 307,407 shares of the company’s stock valued at $20,230,000 after buying an additional 113,742 shares in the last quarter. Principal Financial Group Inc. boosted its position in Visteon Corp. by 6.3% in the second quarter. Principal Financial Group Inc. now owns 208,625 shares of the company’s stock valued at $13,730,000 after buying an additional 12,420 shares in the last quarter. Babson Capital Management LLC boosted its position in Visteon Corp. by 88.0% in the first quarter. Babson Capital Management LLC now owns 25,420 shares of the company’s stock valued at $2,023,000 after buying an additional 11,900 shares in the last quarter. Finally, Seven Eight Capital LLC boosted its position in Visteon Corp. by 126.9% in the first quarter. Seven Eight Capital LLC now owns 5,186 shares of the company’s stock valued at $413,000 after buying an additional 2,900 shares in the last quarter.

Visteon Corp. (NYSE:VC) opened at 79.12 on Monday. The company has a 50-day moving average price of $71.45 and a 200-day moving average price of $70.97. The firm has a market cap of $2.69 billion, a P/E ratio of 31.56 and a beta of 1.01. Visteon Corp. has a 1-year low of $58.83 and a 1-year high of $121.61.

Visteon Corp. (NYSE:VC) last released its quarterly earnings results on Thursday, October 27th. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.31. The business earned $770 million during the quarter, compared to analyst estimates of $780.14 million. Visteon Corp. had a return on equity of 20.06% and a net margin of 2.98%. Visteon Corp.’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 EPS. On average, equities research analysts forecast that Visteon Corp. will post $4.77 EPS for the current fiscal year.

A number of research firms have recently weighed in on VC. Zacks Investment Research raised Visteon Corp. from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Thursday, August 4th. FBR & Co reissued a “buy” rating on shares of Visteon Corp. in a report on Sunday, September 11th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $81.75.

Visteon Corp. Company Profile

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