Blueshift Asset Management LLC Takes Position in National Vision Holdings, Inc. (NASDAQ:EYE)

Blueshift Asset Management LLC purchased a new stake in National Vision Holdings, Inc. (NASDAQ:EYE) in the third quarter, Holdings Channel reports. The institutional investor purchased 22,153 shares of the company’s stock, valued at approximately $242,000.

Other large investors also recently modified their holdings of the company. Innealta Capital LLC acquired a new stake in National Vision in the second quarter valued at $30,000. Meeder Asset Management Inc. acquired a new stake in National Vision in the second quarter valued at $32,000. CWM LLC increased its holdings in National Vision by 44.8% in the second quarter. CWM LLC now owns 2,717 shares of the company’s stock valued at $36,000 after purchasing an additional 841 shares during the period. KBC Group NV increased its holdings in National Vision by 64.6% in the third quarter. KBC Group NV now owns 3,291 shares of the company’s stock valued at $36,000 after purchasing an additional 1,292 shares during the period. Finally, Headlands Technologies LLC increased its holdings in National Vision by 688.3% in the second quarter. Headlands Technologies LLC now owns 8,750 shares of the company’s stock valued at $115,000 after purchasing an additional 7,640 shares during the period.

National Vision Stock Performance

Shares of National Vision stock opened at $12.10 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average price of $10.83 and a two-hundred day moving average price of $12.04. National Vision Holdings, Inc. has a 1-year low of $9.56 and a 1-year high of $24.11. The company has a market cap of $952.88 million, a P/E ratio of -60.50, a PEG ratio of 3.23 and a beta of 1.42.

National Vision (NASDAQ:EYE) last issued its earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. The company had revenue of $451.50 million during the quarter, compared to the consensus estimate of $451.13 million. National Vision had a positive return on equity of 3.52% and a negative net margin of 0.81%. The firm’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same period last year, the business posted $0.09 EPS. As a group, analysts anticipate that National Vision Holdings, Inc. will post 0.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EYE. The Goldman Sachs Group decreased their price objective on National Vision from $20.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, August 9th. UBS Group decreased their price target on National Vision from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Barclays decreased their price target 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.

About National Vision

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.