Oppenheimer Asset Management Inc. Grows Holdings in National Vision Holdings Inc (NASDAQ:EYE)

Oppenheimer Asset Management Inc. raised its position in National Vision Holdings Inc (NASDAQ:EYE) by 98.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,351 shares of the company’s stock after purchasing an additional 15,063 shares during the period. Oppenheimer Asset Management Inc.’s holdings in National Vision were worth $731,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Wasatch Advisors Inc. lifted its holdings in shares of National Vision by 8.5% during the 2nd quarter. Wasatch Advisors Inc. now owns 2,189,748 shares of the company’s stock worth $67,291,000 after acquiring an additional 171,174 shares during the period. Riverbridge Partners LLC purchased a new position in shares of National Vision during the 2nd quarter worth about $31,247,000. Great West Life Assurance Co. Can lifted its holdings in shares of National Vision by 3.5% during the 3rd quarter. Great West Life Assurance Co. Can now owns 357,944 shares of the company’s stock worth $8,621,000 after acquiring an additional 12,201 shares during the period. CWM LLC lifted its holdings in shares of National Vision by 32.9% during the 2nd quarter. CWM LLC now owns 140,744 shares of the company’s stock worth $4,325,000 after acquiring an additional 34,869 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of National Vision by 137.0% during the 2nd quarter. Morgan Stanley now owns 55,970 shares of the company’s stock worth $1,719,000 after acquiring an additional 32,357 shares during the period.

NASDAQ EYE opened at $27.75 on Friday. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 61.67, a PEG ratio of 2.67 and a beta of 1.43. The company’s 50 day moving average price is $24.13 and its 200 day moving average price is $27.86. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.57 and a current ratio of 0.94. National Vision Holdings Inc has a one year low of $22.02 and a one year high of $45.38.

National Vision (NASDAQ:EYE) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.10. The firm had revenue of $431.90 million during the quarter, compared to the consensus estimate of $427.83 million. National Vision had a net margin of 0.92% and a return on equity of 6.30%. The firm’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.12 earnings per share. Sell-side analysts forecast that National Vision Holdings Inc will post 0.55 EPS for the current fiscal year.

Several brokerages have recently weighed in on EYE. Bank of America upgraded shares of National Vision from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. ValuEngine upgraded shares of National Vision from a “hold” rating to a “buy” rating in a report on Friday. Loop Capital upgraded shares of National Vision from a “hold” rating to a “buy” rating and increased their price objective for the stock from $30.00 to $37.00 in a report on Wednesday, August 7th. Wells Fargo & Co cut their price target on shares of National Vision from $37.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. Finally, UBS Group raised their price target on shares of National Vision from $35.00 to $36.00 and gave the company a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $38.00.

In other National Vision news, major shareholder Vision Aggregator L.P. Kkr sold 9,149,908 shares of the firm’s stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP John Vaught sold 48,611 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $30.11, for a total value of $1,463,677.21. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

National Vision Company Profile

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.

Read More: Institutional Investors

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

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