Jacobs Levy Equity Management Inc. Sells 69,127 Shares of National Vision Holdings, Inc. (NASDAQ:EYE)

Jacobs Levy Equity Management Inc. cut its stake in shares of National Vision Holdings, Inc. (NASDAQ:EYE) by 37.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,030 shares of the company’s stock after selling 69,127 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.15% of National Vision worth $2,549,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Quadrant Capital Group LLC increased its stake in National Vision by 252.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,694 shares of the company’s stock valued at $35,000 after purchasing an additional 1,214 shares in the last quarter. TFO Wealth Partners LLC lifted its position in National Vision by 165,300.0% in the 4th quarter. TFO Wealth Partners LLC now owns 4,962 shares of the company’s stock valued at $104,000 after acquiring an additional 4,959 shares in the last quarter. Headlands Technologies LLC acquired a new position in National Vision during the 4th quarter valued at about $131,000. PNC Financial Services Group Inc. increased its holdings in National Vision by 56.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,669 shares of the company’s stock worth $140,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Olympiad Research LP bought a new position in shares of National Vision in the fourth quarter valued at approximately $219,000.

National Vision Stock Performance

Shares of EYE stock opened at $14.46 on Thursday. The company’s fifty day simple moving average is $13.60 and its two-hundred day simple moving average is $17.66. National Vision Holdings, Inc. has a 1 year low of $11.91 and a 1 year high of $24.11. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.01 and a quick ratio of 0.69.

National Vision (NASDAQ:EYE) last issued its earnings results on Wednesday, May 8th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. National Vision had a positive return on equity of 3.47% and a negative net margin of 3.44%. The business had revenue of $542.52 million during the quarter, compared to the consensus estimate of $557.47 million. As a group, equities research analysts anticipate that National Vision Holdings, Inc. will post 0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Barclays cut their price objective on National Vision from $19.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday, May 10th.

Insider Buying and Selling

In other news, CEO L Reade Fahs purchased 20,000 shares of National Vision stock in a transaction dated Monday, May 13th. The stock was purchased at an average cost of $14.96 per share, for a total transaction of $299,200.00. Following the transaction, the chief executive officer now directly owns 633,097 shares of the company’s stock, valued at $9,471,131.12. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other National Vision news, Director D Randolph Peeler bought 34,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was bought at an average price of $14.45 per share, for a total transaction of $491,300.00. Following the completion of the acquisition, the director now directly owns 182,880 shares in the company, valued at $2,642,616. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO L Reade Fahs bought 20,000 shares of National Vision stock in a transaction on Monday, May 13th. The shares were purchased at an average price of $14.96 per share, for a total transaction of $299,200.00. Following the acquisition, the chief executive officer now directly owns 633,097 shares in the company, valued at approximately $9,471,131.12. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by insiders.

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.