Principal Financial Group Inc. Cuts Stock Position in National Vision Holdings, Inc. (NASDAQ:EYE)

Principal Financial Group Inc. decreased its holdings in National Vision Holdings, Inc. (NASDAQ:EYE) by 4.4% in the third quarter, HoldingsChannel.com reports. The fund owned 370,735 shares of the company’s stock after selling 16,910 shares during the quarter. Principal Financial Group Inc.’s holdings in National Vision were worth $4,045,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. D. E. Shaw & Co. Inc. boosted its holdings in shares of National Vision by 115.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,479,245 shares of the company’s stock valued at $32,453,000 after purchasing an additional 1,330,023 shares during the last quarter. Marshall Wace LLP increased its stake in National Vision by 85.6% in the 2nd quarter. Marshall Wace LLP now owns 1,761,767 shares of the company’s stock worth $23,062,000 after acquiring an additional 812,513 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of National Vision by 28.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,975,854 shares of the company’s stock worth $38,952,000 after acquiring an additional 656,656 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of National Vision by 3,645.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 609,701 shares of the company’s stock valued at $6,652,000 after acquiring an additional 593,424 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new position in shares of National Vision in the third quarter valued at $2,858,000.

National Vision Stock Performance

Shares of NASDAQ:EYE opened at $10.77 on Friday. The stock has a market capitalization of $848.14 million, a P/E ratio of -53.85, a PEG ratio of 3.10 and a beta of 1.41. National Vision Holdings, Inc. has a 52 week low of $9.56 and a 52 week high of $24.11. 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 firm has a fifty day simple moving average of $11.26 and a two-hundred day simple moving average of $11.42.

National Vision (NASDAQ:EYE) last announced its earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. National Vision had a positive return on equity of 3.52% and a negative net margin of 0.81%. The firm had revenue of $451.50 million during the quarter, compared to analysts’ expectations of $451.13 million. During the same quarter in the previous year, the business earned $0.09 EPS. The company’s quarterly revenue was down 15.2% on a year-over-year basis. On average, analysts expect that National Vision Holdings, Inc. will post 0.27 earnings per share for the current fiscal year.

National Vision 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.