Harbourvest Partners LLC Cuts Position in National Vision Holdings Inc (NASDAQ:EYE)

Harbourvest Partners LLC lessened its holdings in National Vision Holdings Inc (NASDAQ:EYE) by 9.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,692 shares of the company’s stock after selling 2,500 shares during the quarter. National Vision comprises 0.3% of Harbourvest Partners LLC’s portfolio, making the stock its 23rd largest position. Harbourvest Partners LLC’s holdings in National Vision were worth $697,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of National Vision by 2.2% during the second quarter. Vanguard Group Inc. now owns 6,018,993 shares of the company’s stock valued at $184,964,000 after buying an additional 132,317 shares during the last quarter. BlackRock Inc. grew its holdings in shares of National Vision by 6.7% during the second quarter. BlackRock Inc. now owns 4,496,563 shares of the company’s stock valued at $138,180,000 after buying an additional 280,620 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of National Vision by 24.2% during the second quarter. JPMorgan Chase & Co. now owns 4,303,540 shares of the company’s stock valued at $135,433,000 after buying an additional 839,090 shares during the last quarter. TimesSquare Capital Management LLC grew its holdings in shares of National Vision by 3.9% during the second quarter. TimesSquare Capital Management LLC now owns 3,205,140 shares of the company’s stock valued at $98,494,000 after buying an additional 121,000 shares during the last quarter. Finally, Brown Advisory Inc. grew its holdings in shares of National Vision by 33.5% during the second quarter. Brown Advisory Inc. now owns 2,568,084 shares of the company’s stock valued at $78,919,000 after buying an additional 644,243 shares during the last quarter.

EYE has been the topic of a number of recent analyst reports. Wells Fargo & Co set a $37.00 price target on shares of National Vision and gave the company a “buy” rating in a report on Friday, September 6th. Loop Capital upgraded shares of National Vision from a “hold” rating to a “buy” rating and increased their price objective for the company from $30.00 to $37.00 in a research report on Wednesday, August 7th. Zacks Investment Research upgraded shares of National Vision from a “sell” rating to a “hold” rating and set a $31.00 price objective on the stock in a research report on Wednesday, May 29th. TheStreet upgraded shares of National Vision from a “d+” rating to a “c-” rating in a research report on Wednesday, June 26th. Finally, ValuEngine downgraded shares of National Vision from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. National Vision presently has an average rating of “Buy” and an average price target of $41.60.

In other news, SVP John Vaught sold 48,611 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $30.11, for a total transaction of $1,463,677.21. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Vision Aggregator L.P. Kkr sold 9,149,908 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $30.52, for a total transaction of $279,255,192.16. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.

National Vision stock traded up $0.13 during midday trading on Wednesday, reaching $24.86. 8,572 shares of the company traded hands, compared to its average volume of 1,179,106. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 55.04, a price-to-earnings-growth ratio of 2.63 and a beta of 1.48. The business has a 50 day moving average of $28.34 and a two-hundred day moving average of $29.22. National Vision Holdings Inc has a 12 month low of $24.17 and a 12 month high of $46.37. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.94 and a quick ratio of 0.57.

National Vision (NASDAQ:EYE) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.01). National Vision had a net margin of 0.92% and a return on equity of 6.30%. The company had revenue of $429.50 million for the quarter, compared to the consensus estimate of $423.27 million. During the same quarter last year, the company earned $0.21 EPS. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, equities analysts forecast that National Vision Holdings Inc will post 0.55 EPS for the current year.

About National Vision

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

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Institutional Ownership by Quarter for National Vision (NASDAQ:EYE)

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