33,062 National Vision Holdings, Inc. $EYE Shares Sold by Penn Capital Management Company LLC

Penn Capital Management Company LLC lowered its holdings in National Vision Holdings, Inc. (NASDAQ:EYE) by 22.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 113,191 shares of the company’s stock after selling 33,062 shares during the quarter. Penn Capital Management Company LLC’s holdings in National Vision were worth $1,854,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in EYE. Fulcrum Asset Management LLP increased its holdings in shares of National Vision by 1,916.7% in the 3rd quarter. Fulcrum Asset Management LLP now owns 6,050 shares of the company’s stock valued at $99,000 after purchasing an additional 5,750 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its holdings in National Vision by 423.7% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 2,032 shares of the company’s stock worth $33,000 after buying an additional 1,644 shares in the last quarter. Inspire Investing LLC boosted its holdings in National Vision by 415.7% during the third quarter. Inspire Investing LLC now owns 186,510 shares of the company’s stock worth $3,055,000 after buying an additional 150,341 shares in the last quarter. Skylands Capital LLC purchased a new stake in National Vision during the third quarter worth about $681,000. Finally, GAMMA Investing LLC grew its position in National Vision by 32.9% during the third quarter. GAMMA Investing LLC now owns 7,813 shares of the company’s stock worth $128,000 after buying an additional 1,935 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EYE. Citigroup dropped their target price on shares of National Vision from $39.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, August 13th. UBS Group reduced their price target on shares of National Vision from $36.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Weiss Ratings lowered National Vision from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. Morgan Stanley decreased their price target on National Vision from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 13th. Finally, Roth Capital restated a “buy” rating and issued a $27.00 price target on shares of National Vision in a report on Thursday, August 13th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, National Vision presently has a consensus rating of “Moderate Buy” and an average price target of $29.82.

National Vision Trading Up 6.0%

NASDAQ:EYE opened at $18.97 on Tuesday. The company has a market capitalization of $1.50 billion, a PE ratio of 31.10, a price-to-earnings-growth ratio of 1.42 and a beta of 0.96. The company has a quick ratio of 0.27, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. National Vision Holdings, Inc. has a 52-week low of $14.75 and a 52-week high of $30.02. The stock has a fifty day simple moving average of $17.00 and a 200-day simple moving average of $21.09.

National Vision (NASDAQ:EYE) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.18 by $0.07. The business had revenue of $498.81 million for the quarter. National Vision had a net margin of 2.47% and a return on equity of 6.78%. National Vision’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 earnings per share. On average, equities research analysts expect that National Vision Holdings, Inc. will post 0.65 earnings per share for the current fiscal year.

National Vision Profile

National Vision Holdings, Inc is a U.S. optical retailer that provides eye care services and sells eyewear. Its offerings include eye exams, prescription eyeglasses, contact lenses, sunglasses and related accessories.

The company operates stores under brands including America’s Best Contacts & Eyeglasses and Eyeglass World. It also operates Vista Optical locations, including stores in select host locations.

Founded in 1990, National Vision serves customers across the United States through its retail locations and online channels.