What Do Hedge Funds Think of Visteon Corp (VC)?

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Due to the fact that Visteon Corp (NYSE:VC) has witnessed declining sentiment from the smart money, logic holds that there was a specific group of funds who sold off their full holdings heading into Q4. It’s worth mentioning that Louis Bacon’s Moore Global Investments dropped the biggest position of all the hedgies tracked by Insider Monkey, valued at an estimated $34.6 million in stock, and Howard Shainker and Akiva Katz’s Bow Street LLC was right behind this move, as the fund dumped about $17.6 million worth. These bearish behaviors are important to note, as aggregate hedge fund interest dropped by 1 funds heading into Q4.

Let’s now take a look at hedge fund activity in other stocks similar to Visteon Corp (NYSE:VC). We will take a look at Old Republic International Corporation (NYSE:ORI), Juno Therapeutics Inc (NASDAQ:JUNO), United Microelectronics Corp (ADR) (NYSE:UMC), and Compania Cervecerias Unidas S.A. (ADR) (NYSE:CCU). This group of stocks’ market caps are closest to VC’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ORI 21 172743 5
JUNO 14 27613 -13
UMC 9 19404 -2
CCU 8 227386 2

As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $112 million. That figure was $1,559 million in VC’s case. Old Republic International Corporation (NYSE:ORI) is the most popular stock in this table. On the other hand Compania Cervecerias Unidas S.A. (ADR) (NYSE:CCU) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks Visteon Corp (NYSE:VC) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

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