Becker Capital Management Inc. lowered its holdings in shares of Visteon Corp (NYSE:VC) by 3.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 101,795 shares of the auto parts company’s stock after selling 4,010 shares during the period. Becker Capital Management Inc. owned about 0.36% of Visteon worth $6,856,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Pearl River Capital LLC bought a new stake in shares of Visteon in the fourth quarter worth approximately $36,000. BNP Paribas Arbitrage SA grew its position in Visteon by 76.1% during the first quarter. BNP Paribas Arbitrage SA now owns 905 shares of the auto parts company’s stock valued at $61,000 after buying an additional 391 shares during the period. Bronfman E.L. Rothschild L.P. grew its position in Visteon by 132.5% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,981 shares of the auto parts company’s stock valued at $119,000 after buying an additional 1,129 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in Visteon during the fourth quarter valued at approximately $153,000. Finally, Dupont Capital Management Corp bought a new stake in Visteon during the first quarter valued at approximately $155,000.
In related news, Director Robert Manzo purchased 4,000 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were purchased at an average cost of $48.76 per share, for a total transaction of $195,040.00. Following the completion of the acquisition, the director now owns 3,000 shares in the company, valued at approximately $146,280. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.19% of the company’s stock.
Visteon stock traded down $0.22 during mid-day trading on Friday, reaching $52.27. 786,540 shares of the company’s stock traded hands, compared to its average volume of 625,782. Visteon Corp has a 12-month low of $44.04 and a 12-month high of $139.45.
Visteon (NYSE:VC) last posted its quarterly earnings data on Thursday, April 25th. The auto parts company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.58). The business had revenue of $737.00 million for the quarter, compared to analyst estimates of $713.99 million. During the same quarter last year, the business earned $2.08 EPS. The firm’s revenue was down 9.5% on a year-over-year basis.
WARNING: “Visteon Corp (NYSE:VC) Shares Sold by Becker Capital Management Inc.” was first reported by Rockland Register and is the sole property of of Rockland Register. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://rocklandregister.com/2019/06/15/becker-capital-management-inc-sells-4010-shares-of-visteon-corp-vc.html.
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.
Recommended Story: What is Blockchain?
Receive News & Ratings for Visteon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visteon and related companies with MarketBeat.com's FREE daily email newsletter.