Visteon Corp (NYSE:VC) investors should pay attention to an increase in enthusiasm from smart money in recent months.
In today’s marketplace, there are dozens of metrics market participants can use to monitor Mr. Market. A couple of the most innovative are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the best investment managers can outclass their index-focused peers by a superb margin (see just how much).
Equally as beneficial, positive insider trading sentiment is a second way to parse down the marketplace. Just as you’d expect, there are many incentives for a bullish insider to downsize shares of his or her company, but just one, very clear reason why they would initiate a purchase. Several academic studies have demonstrated the useful potential of this tactic if shareholders understand what to do (learn more here).
With all of this in mind, we’re going to take a look at the key action encompassing Visteon Corp (NYSE:VC).
Hedge fund activity in Visteon Corp (NYSE:VC)
In preparation for this quarter, a total of 48 of the hedge funds we track were long in this stock, a change of 12% from the previous quarter. With the smart money’s capital changing hands, there exists a few noteworthy hedge fund managers who were upping their holdings meaningfully.
When looking at the hedgies we track, Steven Cohen’s SAC Capital Advisors had the most valuable position in Visteon Corp (NYSE:VC), worth close to $150.1 million, comprising 0.7% of its total 13F portfolio. The second largest stake is held by JANA Partners, managed by Barry Rosenstein, which held a $133.1 million position; 2.8% of its 13F portfolio is allocated to the company. Remaining peers that are bullish include Mark T. Gallogly’s Centerbridge Partners, Christopher Pucillo’s Solus Alternative Asset Management and Jonathon Jacobson’s Highfields Capital Management.
As one would reasonably expect, specific money managers have jumped into Visteon Corp (NYSE:VC) headfirst. Nokota Management, managed by Matthew Knauer and Mina Faltas, initiated the biggest position in Visteon Corp (NYSE:VC). Nokota Management had 18.8 million invested in the company at the end of the quarter. Douglas Hirsch’s Seneca Capital also made a $13.8 million investment in the stock during the quarter. The other funds with new positions in the stock are Phill Gross and Robert Atchinson’s Adage Capital Management, D. E. Shaw’s D E Shaw, and Guru Ramakrishnan’s Meru Capital.
Insider trading activity in Visteon Corp (NYSE:VC)
Insider trading activity, especially when it’s bullish, is best served when the company we’re looking at has seen transactions within the past 180 days. Over the latest 180-day time period, Visteon Corp (NYSE:VC) has experienced 3 unique insiders purchasing, and 3 insider sales (see the details of insider trades here).
Let’s also take a look at hedge fund and insider activity in other stocks similar to Visteon Corp (NYSE:VC). These stocks are Allison Transmission Holdings Inc (NYSE:ALSN), WABCO Holdings Inc. (NYSE:WBC), Tenneco Inc (NYSE:TEN), Dana Holding Corporation (NYSE:DAN), and Gentex Corporation (NASDAQ:GNTX). This group of stocks belong to the auto parts industry and their market caps match VC’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Allison Transmission Holdings Inc (NYSE:ALSN) | 6 | 0 | 11 |
| WABCO Holdings Inc. (NYSE:WBC) | 33 | 0 | 8 |
| Tenneco Inc (NYSE:TEN) | 24 | 1 | 11 |
| Dana Holding Corporation (NYSE:DAN) | 36 | 0 | 3 |
| Gentex Corporation (NASDAQ:GNTX) | 13 | 0 | 6 |
With the results shown by Insider Monkey’s research, everyday investors must always watch hedge fund and insider trading sentiment, and Visteon Corp (NYSE:VC) is no exception.
