Assenagon Asset Management S.A. increased its holdings in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 3,645.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 609,701 shares of the company's stock after purchasing an additional 593,424 shares during the period. Assenagon Asset Management S.A. owned approximately 0.78% of National Vision worth $6,652,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the business. Innealta Capital LLC bought a new stake in shares of National Vision in the 2nd quarter worth approximately $30,000. Meeder Asset Management Inc. acquired a new position in shares of National Vision in the second quarter valued at $32,000. CWM LLC lifted its position in National Vision by 44.8% in the second quarter. CWM LLC now owns 2,717 shares of the company's stock worth $36,000 after purchasing an additional 841 shares during the period. Headlands Technologies LLC boosted its stake in National Vision by 688.3% during the second quarter. Headlands Technologies LLC now owns 8,750 shares of the company's stock worth $115,000 after buying an additional 7,640 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in National Vision in the 2nd quarter valued at $135,000.
Wall Street Analysts Forecast Growth
EYE has been the topic of a number of recent research reports. The Goldman Sachs Group decreased their price objective on National Vision from $20.00 to $13.00 and set a "neutral" rating on the stock in a report on Friday, August 9th. Barclays lowered their price target on National Vision from $16.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 8th. Finally, UBS Group cut their price objective on National Vision from $20.00 to $18.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $15.25.
Check Out Our Latest Stock Report on National Vision
National Vision Price Performance
National Vision stock traded up $0.07 on Tuesday, reaching $10.03. The company's stock had a trading volume of 937,922 shares, compared to its average volume of 1,436,628. The business's fifty day moving average price is $10.35 and its 200 day moving average price is $13.01. 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 company has a market cap of $787.97 million, a price-to-earnings ratio of -10.98, a PEG ratio of 2.12 and a beta of 1.41. National Vision Holdings, Inc. has a twelve month low of $9.56 and a twelve month high of $24.11.
National Vision (NASDAQ:EYE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $451.70 million for the quarter, compared to analyst estimates of $451.35 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The company's revenue was down 14.0% on a year-over-year basis. Equities analysts expect that National Vision Holdings, Inc. will post 0.23 earnings per share for the current fiscal year.
National Vision Profile
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Free Report)
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.
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