California Public Employees Retirement System lifted its position in GNC Holdings Inc (NYSE:GNC) by 13.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 556,518 shares of the specialty retailer’s stock after purchasing an additional 64,818 shares during the period. California Public Employees Retirement System’s holdings in GNC were worth $4,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of GNC. Maverick Capital Ltd. acquired a new position in GNC during the second quarter worth $2,797,000. Parametric Portfolio Associates LLC raised its position in GNC by 53.0% during the second quarter. Parametric Portfolio Associates LLC now owns 683,197 shares of the specialty retailer’s stock worth $5,759,000 after acquiring an additional 236,793 shares during the period. Menta Capital LLC acquired a new position in GNC during the second quarter worth $1,783,000. Wells Fargo & Company MN raised its position in GNC by 66.8% during the third quarter. Wells Fargo & Company MN now owns 523,768 shares of the specialty retailer’s stock worth $4,630,000 after acquiring an additional 209,789 shares during the period. Finally, Balyasny Asset Management LLC raised its position in GNC by 237.4% during the second quarter. Balyasny Asset Management LLC now owns 262,000 shares of the specialty retailer’s stock worth $2,209,000 after acquiring an additional 184,353 shares during the period. Hedge funds and other institutional investors own 61.81% of the company’s stock.

Shares of GNC Holdings Inc (GNC) opened at $3.54 on Tuesday. The company has a market cap of $244.27, a PE ratio of -0.65 and a beta of 0.79. The company has a debt-to-equity ratio of -55.95, a current ratio of 2.44 and a quick ratio of 0.70. GNC Holdings Inc has a 12-month low of $3.13 and a 12-month high of $11.79.

GNC (NYSE:GNC) last issued its earnings results on Thursday, October 26th. The specialty retailer reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.01). The business had revenue of $609.47 million during the quarter, compared to analyst estimates of $614.08 million. GNC had a negative net margin of 15.11% and a negative return on equity of 133.37%. GNC’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company earned $0.59 earnings per share. sell-side analysts anticipate that GNC Holdings Inc will post 1.28 EPS for the current fiscal year.

In other GNC news, EVP Tim Mantel bought 20,000 shares of GNC stock in a transaction dated Friday, November 10th. The stock was acquired at an average cost of $5.80 per share, for a total transaction of $116,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.85% of the stock is owned by corporate insiders.

A number of equities analysts have weighed in on GNC shares. Zacks Investment Research cut shares of GNC from a “hold” rating to a “strong sell” rating in a research report on Friday, October 27th. ValuEngine cut shares of GNC from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 21st. Robert W. Baird restated a “hold” rating and set a $10.00 price objective on shares of GNC in a research report on Sunday, September 17th. Finally, Barclays reduced their price objective on shares of GNC from $9.00 to $6.00 and set an “underweight” rating for the company in a research report on Friday, October 27th. Five analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $8.10.

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GNC Company Profile

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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Institutional Ownership by Quarter for GNC (NYSE:GNC)

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