GNC Holdings, Inc. (GNC) Position Boosted by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC increased its position in shares of GNC Holdings, Inc. (NYSE:GNC) by 53.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 683,197 shares of the specialty retailer’s stock after buying an additional 236,793 shares during the period. Parametric Portfolio Associates LLC owned 1.00% of GNC Holdings worth $5,759,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Federated Investors Inc. PA increased its holdings in GNC Holdings by 28.3% during the second quarter. Federated Investors Inc. PA now owns 803,887 shares of the specialty retailer’s stock worth $6,777,000 after buying an additional 177,528 shares during the last quarter. HighTower Advisors LLC acquired a new position in GNC Holdings during the first quarter worth $1,298,000. Royce & Associates LP increased its holdings in GNC Holdings by 34.5% during the first quarter. Royce & Associates LP now owns 179,235 shares of the specialty retailer’s stock worth $1,319,000 after buying an additional 45,997 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in GNC Holdings during the first quarter worth $233,000. Finally, Fox Run Management L.L.C. acquired a new position in GNC Holdings during the second quarter worth $311,000. Institutional investors and hedge funds own 65.54% of the company’s stock.
A number of brokerages recently weighed in on GNC. BidaskClub downgraded shares of GNC Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. ValuEngine downgraded shares of GNC Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Barclays PLC boosted their target price on shares of GNC Holdings from $7.00 to $9.00 and gave the stock an “underweight” rating in a report on Friday, July 28th. Zacks Investment Research upgraded shares of GNC Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Robert W. Baird restated a “hold” rating and set a $10.00 target price on shares of GNC Holdings in a report on Sunday, September 17th. Five analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $8.37.
GNC Holdings, Inc. (NYSE GNC) opened at 8.34 on Friday. The firm’s 50-day moving average is $8.69 and its 200-day moving average is $8.27. GNC Holdings, Inc. has a 52-week low of $6.51 and a 52-week high of $21.87. The company’s market capitalization is $571.02 million.
GNC Holdings (NYSE:GNC) last announced its earnings results on Thursday, July 27th. The specialty retailer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. GNC Holdings had a positive return on equity of 285.93% and a negative net margin of 14.56%. The firm had revenue of $640.99 million during the quarter, compared to analyst estimates of $646.48 million. During the same period last year, the firm posted $0.79 EPS. The business’s revenue was down 4.8% compared to the same quarter last year. On average, equities research analysts forecast that GNC Holdings, Inc. will post $1.36 EPS for the current year.
In other news, CEO Kenneth Martindale sold 64,555 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $9.28, for a total transaction of $599,070.40. Following the completion of the sale, the chief executive officer now directly owns 455,001 shares of the company’s stock, valued at approximately $4,222,409.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.85% of the company’s stock.
GNC Holdings 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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