Metropolitan Life Insurance Co NY Cuts Stake in National Vision Holdings Inc (NASDAQ:EYE)

Metropolitan Life Insurance Co NY decreased its position in National Vision Holdings Inc (NASDAQ:EYE) by 2.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,814 shares of the company’s stock after selling 476 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in National Vision were worth $622,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of EYE. State Treasurer State of Michigan acquired a new stake in shares of National Vision during the first quarter worth approximately $2,217,000. Pearl River Capital LLC boosted its holdings in National Vision by 93.6% in the first quarter. Pearl River Capital LLC now owns 4,600 shares of the company’s stock worth $144,000 after purchasing an additional 2,224 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in National Vision by 109.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 976,689 shares of the company’s stock valued at $27,513,000 after buying an additional 510,689 shares during the last quarter. Rhumbline Advisers lifted its stake in National Vision by 93.0% in the fourth quarter. Rhumbline Advisers now owns 82,872 shares of the company’s stock valued at $2,335,000 after buying an additional 39,942 shares during the last quarter. Finally, Southeast Asset Advisors Inc. lifted its stake in National Vision by 1.9% in the fourth quarter. Southeast Asset Advisors Inc. now owns 20,360 shares of the company’s stock valued at $574,000 after buying an additional 370 shares during the last quarter.

In other news, CEO L Reade Fahs sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $26.60, for a total value of $266,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeff Busbee sold 50,744 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $28.60, for a total value of $1,451,278.40. The disclosure for this sale can be found here. Insiders sold a total of 128,657 shares of company stock worth $3,572,511 over the last three months. 2.60% of the stock is owned by company insiders.

A number of brokerages recently weighed in on EYE. TheStreet upgraded shares of Stitch Fix from a “d” rating to a “c-” rating in a research note on Wednesday, June 26th. Berenberg Bank reissued a “hold” rating and issued a GBX 300 ($3.92) price target on shares of Forterra in a research note on Wednesday, May 29th. Goldman Sachs Group upgraded Altria Group from a “neutral” rating to a “buy” rating and set a $59.00 price target for the company in a report on Thursday, July 11th. Guggenheim restated a “buy” rating and issued a $40.00 target price on shares of National Vision in a report on Thursday, May 9th. Finally, Zacks Investment Research upgraded Hudson Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $42.00.

Shares of EYE traded down $0.35 during mid-day trading on Friday, reaching $31.70. The company’s stock had a trading volume of 554,520 shares, compared to its average volume of 624,016. The business’s 50-day moving average price is $29.83. National Vision Holdings Inc has a 1-year low of $25.60 and a 1-year high of $46.63. The company has a current ratio of 0.91, a quick ratio of 0.53 and a debt-to-equity ratio of 1.17. The stock has a market cap of $2.51 billion, a PE ratio of 70.44, a P/E/G ratio of 3.58 and a beta of 1.43.

National Vision (NASDAQ:EYE) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The company had revenue of $461.22 million for the quarter, compared to analyst estimates of $455.42 million. National Vision had a return on equity of 6.29% and a net margin of 1.12%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 EPS. As a group, research analysts predict that National Vision Holdings Inc will post 0.52 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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