Tiger Veda Management Exits Position in Visteon Corp (VC)

Visteon Corp (VC) : Tiger Veda Management has sold out all of its stake in Visteon Corp during the most recent quarter, according to the disclosure filed by the company on Apr 20, 2016 with the SEC. The investment management company has sold out 348,200 shares of Visteon Corp which is valued at $27,807,252.

Visteon Corp opened for trading at $79.23 and hit $80.22 on the upside on Friday, eventually ending the session at $79.86, with a gain of 0.44% or 0.35 points. The heightened volatility saw the trading volume jump to 6,95,441 shares. Company has a market cap of $3,104 M.

Other Hedge Funds, Including , First Quadrant L Pca boosted its stake in VC in the latest quarter, The investment management firm added 103,109 additional shares and now holds a total of 206,700 shares of Visteon Corp which is valued at $16,507,062. Visteon Corp makes up approx 0.35% of First Quadrant L Pca’s portfolio.Kirr Marbach Co In boosted its stake in VC in the latest quarter, The investment management firm added 859 additional shares and now holds a total of 125,513 shares of Visteon Corp which is valued at $10,023,468. Visteon Corp makes up approx 2.02% of Kirr Marbach Co In’s portfolio.Fox Run Management L.l.c. boosted its stake in VC in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 5,600 shares of Visteon Corp which is valued at $447,216. Visteon Corp makes up approx 0.29% of Fox Run Management L.l.c.’s portfolio.Acadian Asset Management reduced its stake in VC by selling 7,948 shares or 45.83% in the most recent quarter. The Hedge Fund company now holds 9,393 shares of VC which is valued at $740,168. E&g Advisors Lp sold out all of its stake in VC during the most recent quarter. The investment firm sold 4,650 shares of VC which is valued $366,420.

On the company’s financial health, Visteon Corp reported $1.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.41 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.77. The company had revenue of $809.00 million for the quarter, compared to analysts expectations of $776.12 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS.

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.

Leave a Reply

Visteon Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Visteon Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.