Principal Financial Group Inc. cut its holdings in shares of National Vision Holdings, Inc. (NASDAQ:EYE – Get Rating) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 494,101 shares of the company’s stock after selling 6,464 shares during the quarter. Principal Financial Group Inc.’s holdings in National Vision were worth $19,151,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in EYE. Point72 Hong Kong Ltd acquired a new stake in shares of National Vision in the 3rd quarter valued at $74,000. Quadrant Capital Group LLC grew its position in National Vision by 420.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,563 shares of the company’s stock worth $84,000 after purchasing an additional 2,071 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in National Vision by 12.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,853 shares of the company’s stock worth $93,000 after purchasing an additional 309 shares during the last quarter. Fred Alger Management LLC purchased a new position in National Vision during the 3rd quarter worth $93,000. Finally, Strs Ohio boosted its holdings in shares of National Vision by 81.0% in the fourth quarter. Strs Ohio now owns 3,800 shares of the company’s stock valued at $147,000 after acquiring an additional 1,700 shares in the last quarter.
Insider Buying and Selling
In other National Vision news, CEO L Reade Fahs bought 12,625 shares of the business’s stock in a transaction on Monday, May 15th. The shares were purchased at an average price of $23.81 per share, with a total value of $300,601.25. Following the purchase, the chief executive officer now directly owns 556,550 shares of the company’s stock, valued at $13,251,455.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.70% of the company’s stock.
Wall Street Analyst Weigh In
National Vision Trading Down 2.9 %
NASDAQ:EYE opened at $24.71 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.34 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $20.42 and its two-hundred day moving average is $31.88. National Vision Holdings, Inc. has a 52 week low of $17.25 and a 52 week high of $43.82. The company has a market cap of $1.93 billion, a PE ratio of 66.78, a P/E/G ratio of 3.11 and a beta of 1.41.
National Vision (NASDAQ:EYE – Get Rating) last released its earnings results on Wednesday, March 1st. The company reported ($0.11) EPS for the quarter, hitting analysts’ consensus estimates of ($0.11). The company had revenue of $468.93 million for the quarter, compared to the consensus estimate of $471.61 million. National Vision had a return on equity of 3.99% and a net margin of 1.48%. On average, analysts predict that National Vision Holdings, Inc. will post 0.36 EPS for the current year.
National Vision Profile
National Vision Holdings, Inc engages in the retail of optical products. It operates through the following segments: Owned and Host, Legacy, and Corporate/Other. The Owned and Host segment offers America’s Best and Eyeglass World brands. The Legacy segment includes inventory and lab processing services.
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