AlphaCrest Capital Management LLC Takes Position in National Vision Holdings, Inc. (NASDAQ:EYE)

AlphaCrest Capital Management LLC acquired a new position in shares of National Vision Holdings, Inc. (NASDAQ:EYE – Get Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,703 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EYE. Point72 Hong Kong Ltd purchased a new stake in shares of National Vision in the 3rd quarter valued at approximately $74,000. Quadrant Capital Group LLC lifted its holdings in National Vision by 420.9% in the third quarter. Quadrant Capital Group LLC now owns 2,563 shares of the company’s stock valued at $84,000 after acquiring an additional 2,071 shares during the last quarter. Ensign Peak Advisors Inc grew its position in National Vision by 112.2% in the second quarter. Ensign Peak Advisors Inc now owns 6,450 shares of the company’s stock worth $177,000 after acquiring an additional 3,410 shares during the period. Virtu Financial LLC acquired a new stake in National Vision during the first quarter worth $203,000. Finally, Inspire Investing LLC purchased a new stake in National Vision in the third quarter valued at $204,000.

Insiders Place Their Bets

In other news, SVP Ravi Acharya sold 1,394 shares of the stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $40.00, for a total value of $55,760.00. Following the sale, the senior vice president now directly owns 832 shares in the company, valued at $33,280. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.70% of the company’s stock.

National Vision Price Performance

Shares of EYE opened at $20.07 on Monday. The company has a market cap of $1.59 billion, a P/E ratio of 40.96, a PEG ratio of 2.18 and a beta of 1.50. National Vision Holdings, Inc. has a fifty-two week low of $19.77 and a fifty-two week high of $45.86. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 0.63. The firm’s 50 day moving average price is $37.33 and its 200 day moving average price is $36.78.

Analyst Ratings Changes

A number of brokerages recently issued reports on EYE. Guggenheim raised their price objective on National Vision to $45.00 in a research report on Wednesday, November 16th. The Goldman Sachs Group dropped their price target on shares of National Vision from $41.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, March 2nd. Citigroup decreased their price objective on shares of National Vision from $48.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, March 3rd. Morgan Stanley dropped their target price on shares of National Vision from $43.00 to $24.00 and set an “equal weight” rating for the company in a report on Thursday, March 2nd. Finally, UBS Group decreased their price target on National Vision from $50.00 to $31.00 in a research note on Thursday, March 2nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.00.

About National Vision

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National Vision Holdings, Inc engages in the retail of optical products. It operates through the following segments: Owned and Host, Legacy, and Corporate/Other. The Owned and Host segment consists of America’s Best and Eyeglass World brands. The Legacy segment includes inventory and lab processing services.