State Street Corp raised its stake in shares of GNC Holdings, Inc. (NYSE:GNC) by 5.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,369,707 shares of the specialty retailer’s stock after buying an additional 118,390 shares during the quarter. State Street Corp owned about 3.46% of GNC Holdings worth $19,971,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in GNC. Bayesian Capital Management LP acquired a new stake in GNC Holdings during the 2nd quarter valued at $102,000. Stonebridge Capital Management Inc. acquired a new stake in GNC Holdings during the 2nd quarter valued at $128,000. Mariner Investment Group LLC acquired a new stake in GNC Holdings during the 2nd quarter valued at $169,000. Sii Investments Inc. WI grew its holdings in GNC Holdings by 22.5% during the 2nd quarter. Sii Investments Inc. WI now owns 23,268 shares of the specialty retailer’s stock valued at $196,000 after buying an additional 4,268 shares during the last quarter. Finally, Tudor Investment Corp ET AL grew its holdings in GNC Holdings by 29.8% during the 1st quarter. Tudor Investment Corp ET AL now owns 27,000 shares of the specialty retailer’s stock valued at $199,000 after buying an additional 6,200 shares during the last quarter. Hedge funds and other institutional investors own 63.25% of the company’s stock.
In other news, EVP Tim Mantel bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average cost of $5.80 per share, with a total value of $116,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Kenneth Martindale sold 64,555 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $9.28, for a total value of $599,070.40. Following the completion of the transaction, the chief executive officer now directly owns 455,001 shares in the company, valued at $4,222,409.28. The disclosure for this sale can be found here. 1.85% of the stock is owned by company insiders.
Shares of GNC Holdings, Inc. (NYSE:GNC) opened at $6.85 on Friday. GNC Holdings, Inc. has a fifty-two week low of $5.61 and a fifty-two week high of $15.50. The company has a current ratio of 2.44, a quick ratio of 0.70 and a debt-to-equity ratio of -55.95. The stock has a market capitalization of $398.84, a price-to-earnings ratio of 4.94 and a beta of 0.86.
GNC Holdings (NYSE:GNC) last posted its quarterly earnings data on Thursday, October 26th. The specialty retailer reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). GNC Holdings had a negative return on equity of 133.37% and a negative net margin of 15.11%. The business had revenue of $609.47 million for the quarter, compared to analyst estimates of $614.08 million. During the same quarter last year, the business earned $0.59 EPS. GNC Holdings’s revenue for the quarter was down 2.9% compared to the same quarter last year. research analysts expect that GNC Holdings, Inc. will post 1.28 EPS for the current fiscal year.
GNC has been the topic of a number of analyst reports. ValuEngine cut GNC Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research cut GNC Holdings from a “hold” rating to a “strong sell” rating in a report on Friday, October 27th. Robert W. Baird reiterated a “hold” rating and set a $10.00 target price on shares of GNC Holdings in a report on Sunday, September 17th. Bank of America Corporation lowered their target price on GNC Holdings from $6.25 to $5.50 and set an “underperform” rating on the stock in a report on Tuesday, August 22nd. Finally, Barclays PLC lowered their target price on GNC Holdings from $9.00 to $6.00 and set an “underweight” rating on the stock in a report on Friday, October 27th. Six analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. GNC Holdings currently has a consensus rating of “Hold” and a consensus price target of $7.95.
About GNC Holdings
GNC Holdings, Inc is a specialty retailer of health, wellness and performance products, which include protein, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty, food and drink and other general merchandise. The Company’s operations consist of purchasing raw materials, formulating and manufacturing products and selling the finished products.
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