Wedge Capital Management L L P NC Invests $1.60 Million in National Vision Holdings, Inc. (NASDAQ:EYE)

Wedge Capital Management L L P NC acquired a new stake in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 125,107 shares of the company's stock, valued at approximately $1,599,000. Wedge Capital Management L L P NC owned approximately 0.16% of National Vision at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in EYE. GAMMA Investing LLC boosted its position in shares of National Vision by 1,806.3% during the 1st quarter. GAMMA Investing LLC now owns 93,524 shares of the company's stock valued at $1,195,000 after acquiring an additional 88,618 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new position in shares of National Vision during the fourth quarter valued at $2,264,000. Mackenzie Financial Corp boosted its stake in shares of National Vision by 246.9% in the 4th quarter. Mackenzie Financial Corp now owns 98,215 shares of the company's stock valued at $1,023,000 after purchasing an additional 69,906 shares during the last quarter. Burgundy Asset Management Ltd. grew its holdings in National Vision by 138.6% during the 4th quarter. Burgundy Asset Management Ltd. now owns 4,675,539 shares of the company's stock worth $48,719,000 after acquiring an additional 2,715,582 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in National Vision by 17.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 221,741 shares of the company's stock valued at $2,311,000 after purchasing an additional 33,155 shares during the last quarter.

National Vision Trading Down 0.4%

Shares of EYE traded down $0.08 during mid-day trading on Thursday, reaching $21.40. 486,182 shares of the company's stock traded hands, compared to its average volume of 2,007,947. National Vision Holdings, Inc. has a 12 month low of $9.56 and a 12 month high of $21.84. The stock has a market cap of $1.69 billion, a P/E ratio of -106.99, a P/E/G ratio of 3.27 and a beta of 1.24. The stock's 50-day moving average is $15.81 and its two-hundred day moving average is $13.10. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.57 and a quick ratio of 0.37.

National Vision (NASDAQ:EYE - Get Free Report) last announced 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 0.81% and a positive return on equity of 3.52%. The company had revenue of $510.32 million during the quarter, compared to the consensus estimate of $510.30 million. During the same period last year, the firm earned $0.32 earnings per share. National Vision's revenue was up 5.7% compared to the same quarter last year. Research analysts forecast that National Vision Holdings, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. The Goldman Sachs Group raised their price objective on National Vision from $13.00 to $17.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Citigroup raised 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 report on Friday, May 9th. BMO Capital Markets set a $19.00 price objective on shares of National Vision and gave the stock a "market perform" rating in a research note on Monday, May 19th. Barclays lifted their price target on shares of National Vision from $14.00 to $17.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Finally, Bank of America upgraded National Vision from an "underperform" rating to a "buy" rating in a research report on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $17.75.

Insider Buying and Selling

In other news, SVP Ravi Acharya sold 12,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $18.75, for a total transaction of $225,000.00. Following the completion of the sale, the senior vice president now owns 11,700 shares of the company's stock, valued at $219,375. The trade was a 50.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.70% of the company's stock.

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.