Penn Capital Management Co. Inc. purchased a new stake in shares of National Vision Holdings Inc (NASDAQ:EYE) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 262,817 shares of the company’s stock, valued at approximately $9,912,000.

A number of other hedge funds have also made changes to their positions in the business. State Treasurer State of Michigan acquired a new stake in shares of National Vision during the first quarter valued at about $2,217,000. Monroe Bank & Trust MI grew its holdings in National Vision by 17.4% during the first quarter. Monroe Bank & Trust MI now owns 23,900 shares of the company’s stock worth $751,000 after acquiring an additional 3,541 shares during the period. Carillon Tower Advisers Inc. grew its holdings in National Vision by 4.4% during the first quarter. Carillon Tower Advisers Inc. now owns 1,500,202 shares of the company’s stock worth $47,151,000 after acquiring an additional 62,801 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in National Vision by 10.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 14,019 shares of the company’s stock worth $441,000 after acquiring an additional 1,320 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in National Vision by 5.0% during the first quarter. Victory Capital Management Inc. now owns 969,154 shares of the company’s stock worth $30,461,000 after acquiring an additional 46,110 shares during the period.

EYE traded down $0.10 on Wednesday, hitting $27.10. 2,108 shares of the company traded hands, compared to its average volume of 923,055. The company has a quick ratio of 0.53, a current ratio of 0.91 and a debt-to-equity ratio of 1.17. The company has a market cap of $2.07 billion, a PE ratio of 59.68, a P/E/G ratio of 2.53 and a beta of 1.62. National Vision Holdings Inc has a 12-month low of $25.60 and a 12-month high of $46.63.

National Vision (NASDAQ:EYE) last released its earnings results on Thursday, May 9th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. National Vision had a return on equity of 6.29% and a net margin of 1.12%. The company had revenue of $461.22 million for the quarter, compared to analysts’ expectations of $455.42 million. During the same quarter in the previous year, the firm posted $0.35 EPS. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, sell-side analysts expect that National Vision Holdings Inc will post 0.56 EPS for the current fiscal year.

In other news, CEO L Reade Fahs sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $31.33, for a total transaction of $1,096,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 80,000 shares of company stock worth $2,417,100 in the last quarter. 2.60% of the stock is currently owned by insiders.

Several analysts have commented on EYE shares. ValuEngine raised National Vision from a “hold” rating to a “buy” rating in a report on Friday, January 25th. Zacks Investment Research downgraded National Vision from a “hold” rating to a “sell” rating in a research note on Monday, March 4th. Finally, Guggenheim reaffirmed a “buy” rating and set a $40.00 price objective on shares of National Vision in a research note on Thursday, May 9th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. National Vision has an average rating of “Buy” and a consensus price target of $45.25.

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National Vision Profile

National Vision Holdings, Inc, through its subsidiaries, operates as an optical retailer primarily in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses, and optical accessory products, as well as eye exams through its America's Best, Eyeglass World, Vista Optical, and Vista Optical Military, as well as Vision Center brand stores; and provides health maintenance organization, vision care benefit plan, and optometric services.

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

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