Counterpoint Mutual Funds LLC Makes New Investment in National Vision Holdings, Inc. $EYE

Key Points

• Counterpoint Mutual Funds LLC made a new investment in National Vision Holdings, acquiring 17,488 shares valued at approximately $402,000 in the 2nd quarter.
• Analysts have recently rated National Vision, with Roth Capital initiating coverage with a "buy" rating and a $36.00 price objective, while several others also adjusted their ratings upwards.
• National Vision reported a quarterly earnings per share of $0.18, exceeding the consensus estimate of $0.12, with revenues reaching $486.42 million.

Counterpoint Mutual Funds LLC bought a new position in National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,488 shares of the company's stock, valued at approximately $402,000.

A number of other institutional investors also recently made changes to their positions in EYE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of National Vision by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,309 shares of the company's stock valued at $462,000 after purchasing an additional 1,677 shares in the last quarter. Millennium Management LLC boosted its position in National Vision by 14.3% during the fourth quarter. Millennium Management LLC now owns 470,732 shares of the company's stock valued at $4,905,000 after buying an additional 58,785 shares during the period. ProShare Advisors LLC boosted its holdings in National Vision by 44.4% during the 4th quarter. ProShare Advisors LLC now owns 23,480 shares of the company's stock valued at $245,000 after acquiring an additional 7,221 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in National Vision by 17.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 221,741 shares of the company's stock valued at $2,311,000 after acquiring an additional 33,155 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in National Vision by 246.9% during the 4th quarter. Mackenzie Financial Corp now owns 98,215 shares of the company's stock valued at $1,023,000 after acquiring an additional 69,906 shares during the period.

Insider Transactions at National Vision

In other National Vision news, Chairman L Reade Fahs sold 137,400 shares of National Vision stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $24.33, for a total value of $3,342,942.00. Following the completion of the transaction, the chairman directly owned 544,795 shares of the company's stock, valued at approximately $13,254,862.35. The trade was a 20.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.70% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EYE shares. Roth Capital started coverage on National Vision in a research note on Wednesday, July 30th. They set a "buy" rating and a $36.00 price objective for the company. Wall Street Zen raised shares of National Vision from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Bank of America increased their price target on shares of National Vision from $22.00 to $26.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. The Goldman Sachs Group increased their price target on shares of National Vision from $17.00 to $22.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Finally, UBS Group reiterated a "buy" rating and set a $30.00 target price on shares of National Vision in a report on Tuesday, July 8th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $24.73.

National Vision Stock Up 2.7%

Shares of NASDAQ:EYE opened at $27.33 on Wednesday. The stock has a fifty day simple moving average of $24.15 and a two-hundred day simple moving average of $19.52. The company has a current ratio of 0.52, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of -151.83, a PEG ratio of 3.14 and a beta of 1.23. National Vision Holdings, Inc. has a 12-month low of $9.56 and a 12-month high of $27.98.

National Vision (NASDAQ:EYE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.06. The firm had revenue of $486.42 million during the quarter, compared to analyst estimates of $469.21 million. National Vision had a positive return on equity of 3.56% and a negative net margin of 0.75%.National Vision's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 EPS. On average, research analysts anticipate that National Vision Holdings, Inc. will post 0.31 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.