Innealta Capital LLC Acquires Shares of 2,307 National Vision Holdings, Inc. (NASDAQ:EYE)

Innealta Capital LLC bought a new position in shares of National Vision Holdings, Inc. (NASDAQ:EYE) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 2,307 shares of the company’s stock, valued at approximately $30,000.

Several other institutional investors have also modified their holdings of EYE. Quadrant Capital Group LLC increased its holdings in National Vision by 252.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,694 shares of the company’s stock worth $35,000 after purchasing an additional 1,214 shares during the last quarter. CWM LLC grew its position in shares of National Vision by 44.8% during the second quarter. CWM LLC now owns 2,717 shares of the company’s stock worth $36,000 after buying an additional 841 shares in the last quarter. TFO Wealth Partners LLC increased its stake in shares of National Vision by 165,300.0% in the fourth quarter. TFO Wealth Partners LLC now owns 4,962 shares of the company’s stock worth $104,000 after buying an additional 4,959 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in National Vision by 56.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,669 shares of the company’s stock valued at $140,000 after acquiring an additional 2,400 shares in the last quarter. Finally, Olympiad Research LP bought a new position in National Vision during the 4th quarter valued at $219,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. UBS Group cut their target price on shares of National Vision from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group cut their price objective on National Vision from $20.00 to $13.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, Barclays decreased their target price on National Vision from $16.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.25.

National Vision Trading Up 0.5 %

NASDAQ EYE opened at $10.56 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.69 and a current ratio of 1.01. National Vision Holdings, Inc. has a one year low of $10.16 and a one year high of $24.11. The company has a 50-day simple moving average of $12.25 and a 200-day simple moving average of $16.38. The firm has a market capitalization of $829.60 million, a PE ratio of -11.48, a price-to-earnings-growth ratio of 2.87 and a beta of 1.44.

National Vision (NASDAQ:EYE) last issued its earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The firm had revenue of $451.70 million for the quarter, compared to analysts’ expectations of $451.35 million. National Vision had a negative net margin of 3.44% and a positive return on equity of 3.47%. National Vision’s revenue was down 14.0% on a year-over-year basis. During the same quarter last year, the company posted $0.11 earnings per share. On average, equities analysts forecast that National Vision Holdings, Inc. will post 0.34 earnings per share for the current year.

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.