National Vision Holdings, Inc. $EYE Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in National Vision Holdings, Inc. (NASDAQ:EYE) by 11.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 10,155 shares of the company’s stock after selling 1,313 shares during the period. Mutual of America Capital Management LLC’s holdings in National Vision were worth $234,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC purchased a new position in National Vision in the 2nd quarter valued at approximately $81,908,000. New York State Teachers Retirement System boosted its position in National Vision by 42.8% in the 2nd quarter. New York State Teachers Retirement System now owns 25,742 shares of the company’s stock valued at $592,000 after buying an additional 7,716 shares during the period. Bayforest Capital Ltd purchased a new position in National Vision in the 2nd quarter valued at approximately $196,000. CWM LLC boosted its position in National Vision by 7.4% in the 2nd quarter. CWM LLC now owns 12,350 shares of the company’s stock valued at $284,000 after buying an additional 856 shares during the period. Finally, IFP Advisors Inc purchased a new position in National Vision in the 2nd quarter valued at approximately $83,000.

Insider Buying and Selling

In other news, Chairman L Reade Fahs sold 137,400 shares of the business’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $24.33, for a total transaction of $3,342,942.00. Following the transaction, the chairman directly owned 544,795 shares in the company, valued at $13,254,862.35. The trade was a 20.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.70% of the company’s stock.

National Vision Price Performance

Shares of EYE opened at $27.02 on Thursday. National Vision Holdings, Inc. has a 1-year low of $9.93 and a 1-year high of $29.59. The stock has a market cap of $2.14 billion, a PE ratio of -150.11, a price-to-earnings-growth ratio of 2.96 and a beta of 1.30. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.52 and a quick ratio of 0.31. The firm has a fifty day moving average price of $25.68 and a 200 day moving average price of $22.29.

National Vision (NASDAQ:EYE) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. National Vision had a negative net margin of 0.75% and a positive return on equity of 3.56%. The firm had revenue of $486.42 million during the quarter, compared to analysts’ expectations of $469.21 million. During the same period in the previous year, the company earned $0.15 earnings per share. National Vision’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that National Vision Holdings, Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on EYE shares. National Bankshares set a $30.00 price target on shares of National Vision in a research report on Tuesday, July 8th. Wall Street Zen raised shares of National Vision from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Barclays decreased their price target on shares of National Vision from $30.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, August 7th. The Goldman Sachs Group lifted their price objective on shares of National Vision from $17.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Finally, Roth Capital initiated coverage on shares of National Vision in a research report on Wednesday, July 30th. They set a “buy” rating and a $36.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $24.73.

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.