Anthracite Investment Company Inc. Buys New Shares in Warby Parker Inc. (NYSE:WRBY)

Anthracite Investment Company Inc. purchased a new stake in shares of Warby Parker Inc. (NYSE:WRBY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 50,000 shares of the company’s stock, valued at approximately $1,210,000.

Several other large investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans acquired a new position in Warby Parker in the third quarter worth about $213,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Warby Parker by 193.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 89,620 shares of the company’s stock worth $1,463,000 after buying an additional 59,121 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Warby Parker in the 3rd quarter valued at $495,000. Charles Schwab Investment Management Inc. raised its stake in Warby Parker by 13.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 729,049 shares of the company’s stock worth $11,905,000 after acquiring an additional 87,868 shares in the last quarter. Finally, Algert Global LLC lifted its holdings in shares of Warby Parker by 245.9% during the third quarter. Algert Global LLC now owns 139,546 shares of the company’s stock valued at $2,279,000 after acquiring an additional 99,200 shares during the period. Institutional investors and hedge funds own 93.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Robert W. Baird boosted their price target on shares of Warby Parker from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, February 28th. Roth Capital upgraded shares of Warby Parker to a “strong-buy” rating in a research report on Monday, February 24th. Citigroup reaffirmed an “outperform” rating on shares of Warby Parker in a research note on Friday, February 28th. The Goldman Sachs Group increased their price target on shares of Warby Parker from $20.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley boosted their price objective on shares of Warby Parker from $17.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Warby Parker has an average rating of “Moderate Buy” and a consensus price target of $23.43.

Insider Transactions at Warby Parker

In related news, CFO Steven Clive Miller sold 11,684 shares of Warby Parker stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total value of $274,807.68. Following the transaction, the chief financial officer now directly owns 204,727 shares of the company’s stock, valued at $4,815,179.04. The trade was a 5.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Neil Harris Blumenthal sold 27,967 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total transaction of $657,783.84. Following the sale, the chief executive officer now directly owns 23,961 shares of the company’s stock, valued at approximately $563,562.72. This trade represents a 53.86 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 389,651 shares of company stock worth $9,855,092. Insiders own 26.55% of the company’s stock.

Warby Parker Trading Down 0.5 %

WRBY stock opened at $20.12 on Wednesday. The firm has a 50-day moving average price of $24.00 and a 200-day moving average price of $21.49. Warby Parker Inc. has a 12 month low of $11.66 and a 12 month high of $28.68. The stock has a market capitalization of $2.08 billion, a P/E ratio of -74.52 and a beta of 1.91.

Warby Parker Profile

Warby Parker Inc provides eyewear products in the United States and Canada. The company offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, non-prescription lenses, and contact lenses. It also provides accessories, such as cases, lenses kit with anti-fog spray, pouches, and anti-fog lens spray through its retail stores, website, and mobile apps.