Voloridge Investment Management LLC Reduces Holdings in National Vision Holdings, Inc. (NASDAQ:EYE)

Voloridge Investment Management LLC reduced its stake in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 22.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 912,330 shares of the company's stock after selling 264,191 shares during the period. Voloridge Investment Management LLC owned approximately 1.16% of National Vision worth $9,506,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Capital Management LLC purchased a new position in National Vision in the 4th quarter worth approximately $11,827,000. Point72 Asset Management L.P. bought 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 worth $2,264,000. Prentice Capital Management LP bought a new stake in National Vision in the fourth quarter valued at $200,000. Finally, ProShare Advisors LLC lifted its stake in National Vision by 44.4% in the fourth quarter. ProShare Advisors LLC now owns 23,480 shares of the company's stock valued at $245,000 after buying an additional 7,221 shares during the last quarter.

National Vision Stock Down 0.5%

National Vision stock traded down $0.09 during mid-day trading on Friday, reaching $19.86. 661,098 shares of the company were exchanged, compared to its average volume of 1,824,360. The business has a fifty day moving average of $14.19 and a 200 day moving average of $12.45. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 0.57. The firm has a market cap of $1.57 billion, a P/E ratio of -99.70, a PEG ratio of 3.27 and a beta of 1.02. National Vision Holdings, Inc. has a 12-month low of $9.56 and a 12-month high of $20.16.

National Vision (NASDAQ:EYE - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $510.32 million for the quarter, compared to analysts' expectations of $510.30 million. National Vision had a positive return on equity of 3.52% and a negative net margin of 0.81%. National Vision's revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. Research analysts anticipate that National Vision Holdings, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at National Vision

In other news, SVP Ravi Acharya sold 12,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were 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 owns 11,700 shares in the company, valued at approximately $219,375. This represents a 50.63% 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. 2.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

EYE has been the subject of several research reports. The Goldman Sachs Group raised their price target on shares of National Vision from $13.00 to $17.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. BMO Capital Markets set a $19.00 price target on shares of National Vision and gave the stock a "market perform" rating in a research report on Monday, May 19th. Citigroup raised National Vision from a "neutral" rating to a "buy" rating and upped their price target for the company from $13.00 to $21.00 in a research note on Friday, May 9th. Barclays increased their target price on National Vision from $14.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Finally, UBS Group upped their price target 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $17.75.

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.