Squarepoint Ops LLC Sells 194,890 Shares of National Vision Holdings, Inc. (NASDAQ:EYE)

Squarepoint Ops LLC reduced its position in National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 73.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,363 shares of the company's stock after selling 194,890 shares during the period. Squarepoint Ops LLC owned about 0.09% of National Vision worth $733,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EYE. SG Capital Management LLC bought a new position in shares of National Vision during the 4th quarter valued at $11,827,000. Point72 Asset Management L.P. acquired a new position in National Vision during the fourth quarter worth $860,000. Polar Asset Management Partners Inc. bought a new position in National Vision during the fourth quarter valued at about $2,264,000. Prentice Capital Management LP bought a new position in National Vision during the fourth quarter valued at about $200,000. Finally, ProShare Advisors LLC lifted its position in shares of National Vision by 44.4% in the fourth quarter. ProShare Advisors LLC now owns 23,480 shares of the company's stock worth $245,000 after buying an additional 7,221 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently commented on EYE. Wells Fargo & Company increased their price objective on National Vision from $13.00 to $15.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. The Goldman Sachs Group upped their target price 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 target on National Vision and gave the company a "market perform" rating in a report on Monday, May 19th. Loop Capital lifted their price target on shares of National Vision from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Citigroup raised shares of National Vision from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $13.00 to $21.00 in a report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, National Vision has an average rating of "Hold" and an average target price of $17.75.

Insider Buying and Selling

In related news, SVP Ravi Acharya sold 12,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $18.75, for a total value of $225,000.00. Following the completion of the transaction, the senior vice president now directly owns 11,700 shares of the company's stock, valued at $219,375. This trade represents a 50.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is owned by company insiders.

National Vision Stock Performance

Shares of EYE stock traded up $0.17 during trading hours on Friday, reaching $21.03. 1,791,671 shares of the company's stock were exchanged, compared to its average volume of 1,858,508. National Vision Holdings, Inc. has a fifty-two week low of $9.56 and a fifty-two week high of $21.73. 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 stock has a market capitalization of $1.66 billion, a P/E ratio of -105.14, a P/E/G ratio of 3.27 and a beta of 1.02. The business has a fifty day moving average price of $15.25 and a 200-day moving average price of $12.90.

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