Panagora Asset Management Inc. Has $4.33 Million Holdings in National Vision Holdings Inc (EYE)

Panagora Asset Management Inc. raised its holdings in National Vision Holdings Inc (NASDAQ:EYE) by 151.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,874 shares of the company’s stock after buying an additional 57,679 shares during the quarter. Panagora Asset Management Inc. owned 0.13% of National Vision worth $4,328,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN lifted its holdings in National Vision by 24.5% during the second quarter. Wells Fargo & Company MN now owns 331,378 shares of the company’s stock worth $12,119,000 after buying an additional 65,252 shares during the period. Rhumbline Advisers lifted its holdings in National Vision by 56.0% during the second quarter. Rhumbline Advisers now owns 31,995 shares of the company’s stock worth $1,170,000 after buying an additional 11,480 shares during the period. Teacher Retirement System of Texas purchased a new stake in National Vision during the second quarter worth $249,000. Bank of New York Mellon Corp lifted its holdings in National Vision by 17.3% during the second quarter. Bank of New York Mellon Corp now owns 322,699 shares of the company’s stock worth $11,801,000 after buying an additional 47,596 shares during the period. Finally, Eagle Asset Management Inc. lifted its holdings in National Vision by 26.5% during the second quarter. Eagle Asset Management Inc. now owns 1,248,714 shares of the company’s stock worth $45,665,000 after buying an additional 261,199 shares during the period.

Shares of EYE opened at $32.36 on Friday. National Vision Holdings Inc has a 12 month low of $29.55 and a 12 month high of $46.63. The company has a quick ratio of 0.57, a current ratio of 1.07 and a debt-to-equity ratio of 0.75. The firm has a market cap of $2.74 billion, a PE ratio of 53.01, a price-to-earnings-growth ratio of 3.98 and a beta of 1.53.

National Vision (NASDAQ:EYE) last released its earnings results on Tuesday, November 13th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. National Vision had a return on equity of 7.18% and a net margin of 4.83%. The firm had revenue of $387.40 million for the quarter, compared to the consensus estimate of $374.81 million. During the same period in the prior year, the firm earned $0.10 EPS. The firm’s revenue was up 11.9% on a year-over-year basis. Analysts forecast that National Vision Holdings Inc will post 0.53 earnings per share for the current year.

In related news, Director D Randolph Peeler sold 2,351,165 shares of the company’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $40.20, for a total value of $94,516,833.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO L Reade Fahs sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $44.21, for a total value of $442,100.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,556,477 shares of company stock worth $504,879,484. 2.82% of the stock is owned by insiders.

A number of research firms have weighed in on EYE. ValuEngine lowered National Vision from a “strong-buy” rating to a “buy” rating in a report on Friday. Zacks Investment Research lowered National Vision from a “hold” rating to a “sell” rating in a report on Tuesday. Citigroup lowered their target price on National Vision from $51.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, November 15th. Jefferies Financial Group set a $48.00 target price on National Vision and gave the stock a “buy” rating in a report on Wednesday, November 14th. Finally, Morgan Stanley upped their target price on National Vision from $49.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, October 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. National Vision currently has an average rating of “Buy” and an average target price of $48.13.

WARNING: This story was first posted by American Banking News and is the property of of American Banking News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of international copyright laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2018/12/08/panagora-asset-management-inc-has-4-33-million-holdings-in-national-vision-holdings-inc-eye.html.

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 under the America's Best, Eyeglass World, Walmart Vision Center, Vista Optical Fred Meyer, and Vista Optical Military brand stores, as well as provides optometric services.

Further Reading: Debt-To-Equity Ratio

Institutional Ownership by Quarter for National Vision (NASDAQ:EYE)

Receive News & Ratings for National Vision Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Vision and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply