National Vision Holdings, Inc. (NASDAQ:EYE) Position Reduced by Rhumbline Advisers

Rhumbline Advisers decreased its position in shares of National Vision Holdings, Inc. (NASDAQ:EYE) by 0.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,027 shares of the company’s stock after selling 1,849 shares during the period. Rhumbline Advisers owned 0.32% of National Vision worth $3,273,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC increased its holdings in shares of National Vision by 4.2% in the first quarter. Clearbridge Investments LLC now owns 4,511,738 shares of the company’s stock valued at $99,980,000 after buying an additional 182,504 shares in the last quarter. CenterBook Partners LP bought a new position in shares of National Vision in the fourth quarter valued at $1,776,000. Hawk Ridge Capital Management LP bought a new position in shares of National Vision in the fourth quarter valued at $69,274,000. Invenomic Capital Management LP bought a new position in shares of National Vision in the fourth quarter valued at $5,872,000. Finally, Jane Street Group LLC increased its holdings in shares of National Vision by 166.6% in the first quarter. Jane Street Group LLC now owns 211,305 shares of the company’s stock valued at $4,683,000 after buying an additional 132,039 shares in the last quarter.

National Vision Trading Up 2.7 %

NASDAQ EYE opened at $11.07 on Wednesday. National Vision Holdings, Inc. has a twelve month low of $9.60 and a twelve month high of $24.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.41 and a current ratio of 0.55. The stock has a market cap of $869.67 million, a price-to-earnings ratio of -12.03, a PEG ratio of 1.60 and a beta of 1.41. The firm’s 50 day moving average price is $11.70 and its two-hundred day moving average price is $15.39.

National Vision (NASDAQ:EYE) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.09 by $0.06. National Vision had a negative net margin of 4.00% and a positive return on equity of 3.53%. The business had revenue of $451.70 million for the quarter, compared to analysts’ expectations of $451.35 million. During the same period in the previous year, the company posted $0.11 EPS. National Vision’s revenue was down 14.0% on a year-over-year basis. Equities analysts anticipate that National Vision Holdings, Inc. will post 0.33 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EYE. Barclays dropped their price target on National Vision from $16.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. UBS Group lowered their price objective on shares of National Vision from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group lowered their price objective on shares of National Vision from $20.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $15.25.

National Vision Company Profile

National Vision Holdings, Inc, through its subsidiaries, operates as an optical retailer in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses, and optical accessory products; provides eye exams through its America's Best, Eyeglass World, Vista Optical, Fred Meyer, and Vista Optical military, as well as Vision Center branded stores; and offers health maintenance organization and optometric services.