HealthInvest Partners AB Has $16,565,000 Position in GNC Holdings Inc. (GNC)
HealthInvest Partners AB boosted its position in shares of GNC Holdings Inc. (NYSE:GNC) by 16.2% during the second quarter, Holdings Channel reports. The firm owned 681,955 shares of the company’s stock after buying an additional 95,000 shares during the period. GNC Holdings accounts for about 7.6% of HealthInvest Partners AB’s portfolio, making the stock its 2nd largest position. HealthInvest Partners AB’s holdings in GNC Holdings were worth $16,565,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. Geode Capital Management LLC raised its position in GNC Holdings by 14.3% in the first quarter. Geode Capital Management LLC now owns 1,055,517 shares of the company’s stock worth $33,512,000 after buying an additional 132,002 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in GNC Holdings during the first quarter worth about $440,000. Prudential Financial Inc. raised its position in GNC Holdings by 176.8% in the first quarter. Prudential Financial Inc. now owns 2,076,460 shares of the company’s stock worth $65,928,000 after buying an additional 1,326,320 shares in the last quarter. Teachers Advisors Inc. raised its position in GNC Holdings by 7.3% in the first quarter. Teachers Advisors Inc. now owns 125,585 shares of the company’s stock worth $3,987,000 after buying an additional 8,527 shares in the last quarter. Finally, BlackRock Group LTD raised its position in GNC Holdings by 28.8% in the first quarter. BlackRock Group LTD now owns 610,747 shares of the company’s stock worth $19,392,000 after buying an additional 136,503 shares in the last quarter. Institutional investors and hedge funds own 95.92% of the company’s stock.
Shares of GNC Holdings Inc. (NYSE:GNC) traded up 0.45% during midday trading on Wednesday, hitting $20.24. The stock had a trading volume of 1,139,635 shares. The stock has a 50 day moving average price of $20.20 and a 200-day moving average price of $25.71. GNC Holdings Inc. has a 52 week low of $18.92 and a 52 week high of $43.12. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 7.58 and a beta of 1.03.
GNC Holdings (NYSE:GNC) last issued its earnings results on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. GNC Holdings had a return on equity of 50.48% and a net margin of 7.73%. The business earned $689.60 million during the quarter, compared to analysts’ expectations of $670.65 million. During the same period in the prior year, the firm posted $0.79 EPS. GNC Holdings’s quarterly revenue was down 2.4% compared to the same quarter last year. Equities research analysts anticipate that GNC Holdings Inc. will post $2.74 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.95%. GNC Holdings’s payout ratio is presently 29.52%.
A number of research analysts recently issued reports on GNC shares. Vetr upgraded GNC Holdings from a “hold” rating to a “buy” rating and set a $20.50 price objective for the company in a research report on Monday, August 29th. Morgan Stanley restated an “equal weight” rating and set a $26.00 price objective (down previously from $28.00) on shares of GNC Holdings in a research report on Wednesday, June 22nd. Zacks Investment Research upgraded GNC Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 30th. JPMorgan Chase & Co. restated a “hold” rating and set a $25.00 price objective on shares of GNC Holdings in a research report on Friday, July 29th. Finally, Jefferies Group reduced their price objective on GNC Holdings from $27.00 to $20.00 and set a “hold” rating for the company in a research report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $28.65.
About GNC Holdings
GNC Holdings, Inc is a specialty retailer of health, wellness and performance products, including vitamins, minerals and herbal supplement products (VMHS), sports nutrition products and diet products. The Company operates in three segments: Retail, Franchising and Manufacturing/Wholesale. The Retail segment includes sales of products to customers at its company-owned stores in the United States, Canada, Puerto Rico and Ireland and through its Websites, GNC.com and LuckyVitamin.com.
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