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

Penn Capital Management Company LLC cut its holdings in National Vision Holdings, Inc. (NASDAQ:EYE) by 22.6% during the third quarter, according to the company in its most recent Form 13F filing 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 owned about 0.14% of National Vision worth $1,854,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fulcrum Asset Management LLP boosted its stake in shares of National Vision by 1,916.7% during the third quarter. Fulcrum Asset Management LLP now owns 6,050 shares of the company’s stock worth $99,000 after buying an additional 5,750 shares during the period. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of 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 during the last quarter. Inspire Investing LLC grew its holdings in shares of 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 during the last quarter. Skylands Capital LLC acquired a new position in National Vision in the 3rd quarter valued at about $681,000. Finally, GAMMA Investing LLC increased its position in National Vision by 32.9% in the 3rd quarter. GAMMA Investing LLC now owns 7,813 shares of the company’s stock valued at $128,000 after acquiring an additional 1,935 shares during the period.

National Vision Trading Up 6.0%

Shares of National Vision stock opened at $18.97 on Tuesday. National Vision Holdings, Inc. has a 52-week low of $14.75 and a 52-week high of $30.02. The company has a quick ratio of 0.27, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. The company’s 50-day simple moving average is $17.00 and its 200-day simple moving average is $21.09. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 31.10, a price-to-earnings-growth ratio of 1.42 and a beta of 0.96.

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

Wall Street Analyst Weigh In

Several analysts have commented on the company. Roth Capital reaffirmed a “buy” rating and set a $27.00 price objective on shares of National Vision in a research note on Thursday, August 13th. Citigroup lowered their target price on National Vision from $39.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Morgan Stanley dropped their target price on National Vision from $22.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, August 13th. Guggenheim set a $27.00 target price on National Vision in a report on Friday, September 11th. Finally, UBS Group cut their price target on National Vision from $36.00 to $34.00 and set a “buy” rating for the company in a research note 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 company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.82.

About National Vision

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.