Cwm LLC Has $7.71 Million Stock Position in National Vision Holdings Inc (NASDAQ:EYE)

Cwm LLC raised its position in National Vision Holdings Inc (NASDAQ:EYE) by 127.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 320,147 shares of the company’s stock after purchasing an additional 179,403 shares during the period. Cwm LLC’s holdings in National Vision were worth $7,706,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of EYE. Strs Ohio acquired a new position in National Vision in the 2nd quarter valued at approximately $46,000. Aperio Group LLC acquired a new position in shares of National Vision in the 2nd quarter worth approximately $59,000. Tower Research Capital LLC TRC acquired a new position in shares of National Vision in the 2nd quarter worth approximately $75,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of National Vision by 32.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,837 shares of the company’s stock worth $116,000 after buying an additional 1,184 shares in the last quarter. Finally, Panagora Asset Management Inc. acquired a new position in shares of National Vision in the 2nd quarter worth approximately $201,000.

EYE has been the subject of a number of recent research reports. Bank of America raised National Vision from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Goldman Sachs Group initiated coverage on National Vision in a report on Thursday, July 11th. They issued a “buy” rating and a $33.00 target price for the company. ValuEngine cut National Vision from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Wells Fargo & Co dropped their target price on National Vision from $37.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, September 30th. Finally, Loop Capital raised National Vision from a “hold” rating to a “buy” rating and increased their target price for the stock from $30.00 to $37.00 in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. National Vision has an average rating of “Buy” and a consensus target price of $38.25.

In related news, SVP John Vaught sold 48,611 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $30.11, for a total transaction of $1,463,677.21. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Vision Aggregator L.P. Kkr sold 9,149,908 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $30.52, for a total value of $279,255,192.16. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

Shares of EYE opened at $23.63 on Thursday. The stock has a market cap of $1.83 billion, a PE ratio of 52.51, a PEG ratio of 2.48 and a beta of 1.44. National Vision Holdings Inc has a 1 year low of $22.02 and a 1 year high of $45.88. The stock has a 50 day simple moving average of $25.39 and a 200-day simple moving average of $28.24. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.16.

National Vision (NASDAQ:EYE) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.01). The business had revenue of $429.50 million for the quarter, compared to the consensus estimate of $423.27 million. National Vision had a return on equity of 6.30% and a net margin of 0.92%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the company earned $0.21 earnings per share. On average, sell-side analysts forecast that National Vision Holdings Inc will post 0.55 EPS for the current fiscal year.

About National Vision

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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