Stoneridge Investment Partners LLC Acquires 40,183 Shares of GNC Holdings Inc. (GNC)
Stoneridge Investment Partners LLC raised its position in shares of GNC Holdings Inc. (NYSE:GNC) by 59.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,341 shares of the company’s stock after buying an additional 40,183 shares during the period. Stoneridge Investment Partners LLC owned 0.16% of GNC Holdings worth $2,632,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of GNC. Legal & General Group Plc boosted its position in GNC Holdings by 3.2% in the first quarter. Legal & General Group Plc now owns 21,969 shares of the company’s stock valued at $698,000 after buying an additional 676 shares in the last quarter. Boston Advisors LLC boosted its position in GNC Holdings by 0.8% in the first quarter. Boston Advisors LLC now owns 94,613 shares of the company’s stock valued at $3,004,000 after buying an additional 710 shares in the last quarter. Kempen Capital Management N.V. boosted its position in GNC Holdings by 171.2% in the first quarter. Kempen Capital Management N.V. now owns 8,018 shares of the company’s stock valued at $255,000 after buying an additional 5,061 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in GNC Holdings by 1.4% in the first quarter. Canada Pension Plan Investment Board now owns 502,500 shares of the company’s stock valued at $15,954,000 after buying an additional 7,100 shares in the last quarter. Finally, Menta Capital LLC bought a new position in GNC Holdings during the first quarter worth approximately $240,000. Institutional investors own 95.94% of the company’s stock.
GNC Holdings Inc. (NYSE:GNC) traded down 2.75% on Tuesday, reaching $20.15. The company had a trading volume of 1,187,893 shares. The stock has a market capitalization of $1.38 billion, a P/E ratio of 7.55 and a beta of 1.03. The stock’s 50-day moving average price is $20.20 and its 200-day moving average price is $25.71. GNC Holdings Inc. has a 12-month low of $18.92 and a 12-month high of $43.12.
GNC Holdings (NYSE:GNC) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The business earned $689.60 million during the quarter, compared to analyst estimates of $670.65 million. GNC Holdings had a return on equity of 50.48% and a net margin of 7.73%. GNC Holdings’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 EPS. On average, equities research analysts anticipate that GNC Holdings Inc. will post $2.74 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Wednesday, September 14th. GNC Holdings’s dividend payout ratio is presently 29.52%.
A number of research firms have commented on GNC. Zacks Investment Research raised shares of GNC Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 30th. Jefferies Group reduced their price objective on shares of GNC Holdings from $27.00 to $20.00 and set a “hold” rating for the company in a research report on Friday, July 29th. Deutsche Bank AG reduced their price objective on shares of GNC Holdings from $26.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, July 29th. Wedbush cut shares of GNC Holdings from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $31.00 to $23.00 in a research report on Monday, August 1st. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $25.00 price objective on shares of GNC Holdings in a research report on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. GNC Holdings currently has an average rating of “Hold” and a consensus target price 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.
Want to see what other hedge funds are holding GNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GNC Holdings Inc. (NYSE:GNC).
Receive News & Ratings for GNC Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GNC Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.