GNC Holdings, Inc. (GNC) Position Raised by Northern Trust Corp
Northern Trust Corp boosted its holdings in shares of GNC Holdings, Inc. (NYSE:GNC) by 4.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 891,636 shares of the specialty retailer’s stock after purchasing an additional 39,378 shares during the period. Northern Trust Corp owned 1.30% of GNC Holdings worth $7,517,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. 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. Tudor Investment Corp ET AL increased 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 purchasing an additional 6,200 shares in the last quarter. Comerica Bank increased its holdings in GNC Holdings by 6.7% during the 2nd quarter. Comerica Bank now owns 22,443 shares of the specialty retailer’s stock valued at $201,000 after purchasing an additional 1,419 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new stake in GNC Holdings during the 1st quarter valued at $233,000. 63.62% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on GNC shares. Zacks Investment Research cut GNC Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. BidaskClub raised GNC Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. ValuEngine cut GNC Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Barclays PLC raised their price target on GNC Holdings from $7.00 to $9.00 and gave the company an “underweight” rating in a report on Friday, July 28th. Finally, Bank of America Corporation dropped their price target on GNC Holdings from $6.25 to $5.50 and set an “underperform” rating for the company in a report on Tuesday, August 22nd. Six equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $7.95.
In other news, CEO Kenneth Martindale sold 64,555 shares of GNC Holdings 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 sale, the chief executive officer now directly owns 455,001 shares of the company’s stock, valued at approximately $4,222,409.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.85% of the stock is currently owned by company insiders.
Shares of GNC Holdings, Inc. (NYSE GNC) opened at $5.83 on Friday. The company has a market capitalization of $409.88, a price-to-earnings ratio of 5.08 and a beta of 0.86. GNC Holdings, Inc. has a 52 week low of $5.61 and a 52 week high of $15.50. 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 (NYSE:GNC) last released its earnings results on Thursday, October 26th. The specialty retailer reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.01). The firm had revenue of $609.47 million during the quarter, compared to analyst estimates of $614.08 million. GNC Holdings had a negative net margin of 15.11% and a negative return on equity of 133.37%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the business posted $0.59 earnings per share. sell-side analysts predict that GNC Holdings, Inc. will post 1.28 earnings per share for the current fiscal year.
GNC Holdings 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.
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.