Algert Global LLC Boosts Stock Position in National Vision Holdings, Inc. (NASDAQ:EYE)

Algert Global LLC raised its stake in shares of National Vision Holdings, Inc. (NASDAQ:EYE) by 6.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,680 shares of the company’s stock after buying an additional 4,440 shares during the quarter. Algert Global LLC owned about 0.10% of National Vision worth $1,004,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EYE. Vanguard Group Inc. increased its holdings in shares of National Vision by 0.3% during the first quarter. Vanguard Group Inc. now owns 8,908,511 shares of the company’s stock valued at $197,413,000 after acquiring an additional 25,982 shares in the last quarter. Clearbridge Investments LLC increased its stake in National Vision by 4.2% during the 1st quarter. Clearbridge Investments LLC now owns 4,511,738 shares of the company’s stock valued at $99,980,000 after purchasing an additional 182,504 shares in the last quarter. Hawk Ridge Capital Management LP purchased a new position in National Vision in the fourth quarter worth about $69,274,000. Dimensional Fund Advisors LP lifted its stake in shares of National Vision by 28.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,975,854 shares of the company’s stock worth $38,952,000 after buying an additional 656,656 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in shares of National Vision by 115.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,479,245 shares of the company’s stock valued at $32,453,000 after buying an additional 1,330,023 shares during the last quarter.

National Vision Price Performance

Shares of EYE opened at $10.57 on Friday. The firm has a market cap of $830.39 million, a PE ratio of -11.49, a P/E/G ratio of 1.66 and a beta of 1.41. National Vision Holdings, Inc. has a 1-year low of $9.60 and a 1-year high of $24.11. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 0.17. The firm has a fifty day simple moving average of $11.02 and a two-hundred day simple moving average of $14.38.

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

Analyst Upgrades and Downgrades

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