Strategic Global Advisors adds Visteon Corp (VC) to its portfolio

Visteon Corp (VC) : Strategic Global Advisors added new position in Visteon Corp during the most recent quarter end. The investment management firm now holds 22,525 shares of Visteon Corp which is valued at $1,589,815 , the company said in a statement filed on Aug 11, 2016 with the SEC.Visteon Corp makes up approximately 0.58% of Strategic Global Advisors’s portfolio.

Other Hedge Funds, Including , Alliancebernstein reduced its stake in VC by selling 2,749 shares or 2.14% in the most recent quarter. The Hedge Fund company now holds 125,701 shares of VC which is valued at $8,871,977. Visteon Corp makes up approx 0.01% of Alliancebernstein’s portfolio. Peak6 Investments added VC to its portfolio by purchasing 5,614 company shares during the most recent quarter which is valued at $396,236. Visteon Corp makes up approx 0.02% of Peak6 Investments’s portfolio. Dekabank Deutsche Girozentrale sold out all of its stake in VC during the most recent quarter. The investment firm sold 40,800 shares of VC which is valued $2,894,760.Advisory Services Network boosted its stake in VC in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 18 shares of Visteon Corp which is valued at $1,244.

Visteon Corp opened for trading at $70.92 and hit $71.69 on the upside on Tuesday, eventually ending the session at $71.63, with a gain of 1.53% or 1.08 points. The heightened volatility saw the trading volume jump to 2,99,653 shares. Company has a market cap of $2,436 M.

On the company’s financial health, Visteon Corp reported $1.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.55 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.67. The company had revenue of $773.00 million for the quarter, compared to analysts expectations of $819.40 million. The company’s revenue was down -4.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.38 EPS.

Many Wall Street Analysts have commented on Visteon Corp. Deutsche Bank Resumed Visteon Corp on Jul 20, 2016 to “Hold”, Price Target of the shares are set at $89.Visteon Corp was Initiated by Raymond James to “Mkt Perform” on Jun 23, 2016.

Visteon Corporation (Visteon) is a global technology company that designs engineers and manufactures cockpit electronics products and connected car solutions for vehicle manufacturers. The Company manufactures its products for original equipment vehicle manufacturer (OEM) across the world including BMW Chrysler Daimler Ford General Motors Honda Hyundai Kia Nissan PSA Peugeot Citroen Renault Toyota and Volkswagen. The Company operates through the segments including Electronics which provides vehicle cockpit electronics products to customers including audio systems infotainment systems driver information systems connectivity and telematics solutions climate controls and electronic control modules and Other in which it designs and manufactures cockpit modules instrument panels door and console modules and interior trim.

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