Seven Eight Capital LP Purchases 21,021 Shares of National Vision Holdings, Inc. (NASDAQ:EYE)

Seven Eight Capital LP raised its holdings in shares of National Vision Holdings, Inc. (NASDAQ:EYEFree Report) by 179.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,718 shares of the company’s stock after acquiring an additional 21,021 shares during the period. Seven Eight Capital LP’s holdings in National Vision were worth $529,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Knightsbridge Asset Management LLC purchased a new position in shares of National Vision in the third quarter worth about $4,150,000. Advantage Alpha Capital Partners LP increased its stake in National Vision by 129.9% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 355,752 shares of the company’s stock worth $5,756,000 after purchasing an additional 201,029 shares during the period. AQR Capital Management LLC bought a new stake in National Vision in the third quarter valued at approximately $466,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of National Vision during the third quarter valued at approximately $1,002,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of National Vision by 57.8% in the third quarter. Tower Research Capital LLC TRC now owns 26,348 shares of the company’s stock worth $426,000 after purchasing an additional 9,648 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms recently commented on EYE. The Goldman Sachs Group upped their price target on shares of National Vision from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Morgan Stanley dropped their target price on shares of National Vision from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, November 13th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, National Vision has a consensus rating of “Hold” and a consensus price target of $23.86.

View Our Latest Analysis on EYE

National Vision Stock Performance

Shares of EYE opened at $23.81 on Friday. National Vision Holdings, Inc. has a 1-year low of $13.71 and a 1-year high of $27.02. The company has a quick ratio of 0.70, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. The firm’s 50-day moving average price is $20.63 and its 200-day moving average price is $18.66.

National Vision (NASDAQ:EYEGet Free Report) last released its earnings results on Tuesday, February 27th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.07. The company had revenue of $506.40 million during the quarter, compared to analysts’ expectations of $499.49 million. National Vision had a positive return on equity of 3.69% and a negative net margin of 3.10%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.11) EPS. As a group, equities analysts expect that National Vision Holdings, Inc. will post 0.31 earnings per share for the current year.

About National Vision

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for National Vision (NASDAQ:EYE)

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