GAMMA Investing LLC Raises Holdings in National Vision Holdings, Inc. (NASDAQ:EYE)

GAMMA Investing LLC lifted its position in National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 1,806.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,524 shares of the company's stock after acquiring an additional 88,618 shares during the period. GAMMA Investing LLC owned 0.12% of National Vision worth $1,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in EYE. ProShare Advisors LLC lifted its stake in National Vision by 44.4% in the 4th quarter. ProShare Advisors LLC now owns 23,480 shares of the company's stock worth $245,000 after purchasing an additional 7,221 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of National Vision in the fourth quarter valued at approximately $860,000. Vanguard Group Inc. increased its holdings in shares of National Vision by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 10,411,838 shares of the company's stock valued at $108,491,000 after purchasing an additional 167,735 shares during the last quarter. Victory Capital Management Inc. lifted its position in National Vision by 13.1% during the fourth quarter. Victory Capital Management Inc. now owns 78,244 shares of the company's stock worth $815,000 after buying an additional 9,038 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in National Vision by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 382,016 shares of the company's stock worth $3,981,000 after buying an additional 11,281 shares in the last quarter.

Analyst Upgrades and Downgrades

EYE has been the subject of several analyst reports. Barclays upped their target price on National Vision from $14.00 to $17.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. The Goldman Sachs Group upped their price objective on shares of National Vision from $13.00 to $17.00 and gave the company a "neutral" rating in a report on Friday, May 9th. UBS Group raised their price objective on shares of National Vision from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Loop Capital boosted their target price on shares of National Vision from $18.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Citigroup raised shares of National Vision from a "neutral" rating to a "buy" rating and increased their price target for the company from $13.00 to $21.00 in a research note on Friday, May 9th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, National Vision presently has a consensus rating of "Hold" and a consensus target price of $18.67.

National Vision Trading Up 2.9%

Shares of EYE traded up $0.64 during trading on Thursday, reaching $23.00. 2,613,731 shares of the company traded hands, compared to its average volume of 1,889,142. The stock has a 50-day simple moving average of $16.88 and a 200-day simple moving average of $13.44. The stock has a market cap of $1.82 billion, a PE ratio of -69.69, a price-to-earnings-growth ratio of 6.51 and a beta of 1.24. National Vision Holdings, Inc. has a twelve month low of $9.56 and a twelve month high of $23.22. The company has a quick ratio of 0.35, a current ratio of 0.54 and a debt-to-equity ratio of 0.29.

National Vision (NASDAQ:EYE - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. National Vision had a negative net margin of 1.40% and a positive return on equity of 3.44%. The firm had revenue of $510.32 million during the quarter, compared to the consensus estimate of $510.30 million. During the same quarter last year, the firm earned $0.32 EPS. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts anticipate that National Vision Holdings, Inc. will post 0.31 earnings per share for the current year.

Insider Activity at National Vision

In related news, SVP Ravi Acharya sold 12,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $18.75, for a total transaction of $225,000.00. Following the sale, the senior vice president now directly owns 11,700 shares of the company's stock, valued at $219,375. This represents a 50.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is currently owned by company 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.