Trexquant Investment LP Buys 169,743 Shares of National Vision Holdings, Inc. $EYE

Key Points

• Trexquant Investment LP increased its holdings in National Vision Holdings by 204.7%, acquiring an additional 169,743 shares, bringing its total to 252,668 shares worth approximately $3.23 million.
• National Vision's stock opened at $21.94 and has seen a decline of 4.4%, with a market capitalization of $1.74 billion.
• The company reported a quarterly EPS of $0.18, surpassing expectations, with revenues up 7.7% year-over-year at $486.42 million.

Trexquant Investment LP boosted its position in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 204.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 252,668 shares of the company's stock after acquiring an additional 169,743 shares during the period. Trexquant Investment LP owned 0.32% of National Vision worth $3,229,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EYE. Meeder Asset Management Inc. acquired a new position in National Vision during the 1st quarter worth $35,000. Smartleaf Asset Management LLC lifted its position in National Vision by 69.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,004 shares of the company's stock worth $39,000 after acquiring an additional 1,230 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in National Vision by 87.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,050 shares of the company's stock worth $73,000 after acquiring an additional 3,291 shares during the last quarter. GAMMA Investing LLC lifted its position in National Vision by 49.2% during the 1st quarter. GAMMA Investing LLC now owns 7,318 shares of the company's stock worth $94,000 after acquiring an additional 2,412 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in National Vision during the 1st quarter worth $147,000.

Insider Activity at National Vision

In other news, Chairman L Reade Fahs sold 137,400 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $24.33, for a total transaction of $3,342,942.00. Following the sale, the chairman directly owned 544,795 shares of the company's stock, valued at $13,254,862.35. This represents a 20.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is owned by company insiders.

National Vision Price Performance

National Vision stock traded up $0.37 during trading hours on Friday, hitting $23.48. 1,398,275 shares of the stock were exchanged, compared to its average volume of 2,140,226. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.31 and a current ratio of 0.52. The stock has a market capitalization of $1.86 billion, a P/E ratio of -130.44, a P/E/G ratio of 2.77 and a beta of 1.23. National Vision Holdings, Inc. has a 12 month low of $9.56 and a 12 month high of $25.67. The business's 50-day moving average is $24.09 and its two-hundred day moving average is $18.48.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wells Fargo & Company set a $27.00 price objective on shares of National Vision and gave the company an "equal weight" rating in a research report on Thursday, August 7th. National Bankshares set a $30.00 price objective on shares of National Vision in a research report on Tuesday, July 8th. Bank of America upped their price objective 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. BMO Capital Markets set a $19.00 price objective on shares of National Vision and gave the company a "market perform" rating in a research report on Monday, May 19th. Finally, Barclays cut their price objective on shares of National Vision from $30.00 to $28.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, National Vision has an average rating of "Moderate Buy" and an average price target of $24.73.

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.