GAMMA Investing LLC Has $1.20 Million Holdings in National Vision Holdings, Inc. (NASDAQ:EYE)

GAMMA Investing LLC increased its holdings in National Vision Holdings, Inc. (NASDAQ:EYE) by 1,806.3% during the first quarter, according to its most recent 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 about 0.12% of National Vision worth $1,195,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in EYE. Tower Research Capital LLC TRC increased its stake in National Vision by 87.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,050 shares of the company’s stock valued at $73,000 after buying an additional 3,291 shares during the last quarter. Guggenheim Capital LLC purchased a new stake in National Vision in the 4th quarter valued at about $150,000. Norges Bank purchased a new stake in National Vision in the 4th quarter valued at about $176,000. KLP Kapitalforvaltning AS purchased a new stake in National Vision in the 4th quarter valued at about $178,000. Finally, Prentice Capital Management LP purchased a new stake in National Vision in the 4th quarter valued at about $200,000.

National Vision Trading Up 0.7%

Shares of EYE stock opened at $21.51 on Monday. The company has a 50 day moving average of $16.22 and a 200-day moving average of $13.24. The firm has a market cap of $1.70 billion, a P/E ratio of -107.54, a PEG ratio of 3.27 and a beta of 1.24. National Vision Holdings, Inc. has a 12-month low of $9.56 and a 12-month high of $21.84. The company has a quick ratio of 0.37, a current ratio of 0.57 and a debt-to-equity ratio of 0.30.

National Vision (NASDAQ:EYE) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $510.32 million during the quarter, compared to analyst estimates of $510.30 million. During the same period in the previous year, the business earned $0.32 EPS. National Vision’s revenue was up 5.7% compared to the same quarter last year. Sell-side analysts anticipate that National Vision Holdings, Inc. will post 0.31 earnings per share for the current year.

Insider Activity at National Vision

In other National Vision news, SVP Ravi Acharya sold 12,000 shares of the firm’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $18.75, for a total value of $225,000.00. Following the completion of the transaction, the senior vice president now directly owns 11,700 shares of the company’s stock, valued at $219,375. This trade represents a 50.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

EYE has been the subject of several analyst reports. Barclays increased their price objective on shares of National Vision from $14.00 to $17.00 and gave the company an “equal weight” rating in a research note on Monday, May 12th. Citigroup upgraded shares of National Vision from a “neutral” rating to a “buy” rating and raised their price target for the stock from $13.00 to $21.00 in a research note on Friday, May 9th. Wells Fargo & Company raised their price target on shares of National Vision from $13.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 8th. BMO Capital Markets set a $19.00 price target on shares of National Vision and gave the stock a “market perform” rating in a research note on Monday, May 19th. Finally, UBS Group raised their price target on shares of National Vision from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $17.75.

National Vision 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.