Millennium Management LLC Has $4.91 Million Stake in National Vision Holdings, Inc. (NASDAQ:EYE)

Millennium Management LLC grew its position in National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 470,732 shares of the company's stock after buying an additional 58,785 shares during the quarter. Millennium Management LLC owned 0.60% of National Vision worth $4,905,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of National Vision by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 10,411,838 shares of the company's stock valued at $108,491,000 after buying an additional 167,735 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of National Vision by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,702,371 shares of the company's stock valued at $38,577,000 after buying an additional 30,235 shares in the last quarter. Engine Capital Management LP increased its position in National Vision by 127.5% during the 4th quarter. Engine Capital Management LP now owns 2,528,053 shares of the company's stock worth $26,342,000 after purchasing an additional 1,417,002 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in National Vision by 81.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,308,375 shares of the company's stock worth $24,053,000 after purchasing an additional 1,036,459 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in National Vision by 12.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,583,131 shares of the company's stock worth $16,496,000 after purchasing an additional 170,839 shares in the last quarter.

Insider Activity at National Vision

In other news, SVP Ravi Acharya sold 12,000 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $18.75, for a total transaction of $225,000.00. Following the completion of the sale, the senior vice president now directly owns 11,700 shares of the company's stock, valued at $219,375. This represents a 50.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.70% of the company's stock.

National Vision Stock Performance

NASDAQ EYE traded up $1.38 during trading hours on Monday, hitting $21.19. The company had a trading volume of 4,241,337 shares, compared to its average volume of 1,845,213. National Vision Holdings, Inc. has a fifty-two week low of $9.56 and a fifty-two week high of $21.89. The company has a quick ratio of 0.37, a current ratio of 0.57 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $14.60 and a 200-day simple moving average of $12.66. The firm has a market cap of $1.68 billion, a P/E ratio of -105.94, a price-to-earnings-growth ratio of 3.27 and a beta of 1.02.

National Vision (NASDAQ:EYE - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. National Vision had a positive return on equity of 3.52% and a negative net margin of 0.81%. The company had revenue of $510.32 million during the quarter, compared to analysts' expectations of $510.30 million. During the same quarter in the prior year, the business posted $0.32 earnings per share. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. Equities analysts predict that National Vision Holdings, Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on EYE shares. Bank of America upgraded National Vision from an "underperform" rating to a "buy" rating in a research report on Wednesday, May 7th. Wells Fargo & Company lifted their price objective on National Vision from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. The Goldman Sachs Group lifted their price objective on National Vision from $13.00 to $17.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. BMO Capital Markets set a $19.00 price objective on National Vision and gave the stock a "market perform" rating in a research report on Monday, May 19th. Finally, Loop Capital lifted their price objective on National Vision from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $17.75.

National Vision Company Profile

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.