GNC Holdings Inc (GNC) Shares Bought by Maverick Capital Ltd.
Maverick Capital Ltd. raised its stake in GNC Holdings Inc (NYSE:GNC) by 1,758.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 676,010 shares of the specialty retailer’s stock after buying an additional 639,643 shares during the period. Maverick Capital Ltd.’s holdings in GNC were worth $2,494,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. State Street Corp boosted its position in GNC by 5.3% in the second quarter. State Street Corp now owns 2,369,707 shares of the specialty retailer’s stock valued at $19,971,000 after buying an additional 118,390 shares in the last quarter. Northern Trust Corp boosted its position in GNC by 4.6% in the second quarter. Northern Trust Corp now owns 891,636 shares of the specialty retailer’s stock valued at $7,517,000 after buying an additional 39,378 shares in the last quarter. Spark Investment Management LLC acquired a new stake in GNC in the fourth quarter valued at approximately $2,883,000. Schwab Charles Investment Management Inc. boosted its position in GNC by 39.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 739,603 shares of the specialty retailer’s stock valued at $2,730,000 after buying an additional 207,448 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in GNC by 24.5% in the fourth quarter. California Public Employees Retirement System now owns 692,917 shares of the specialty retailer’s stock valued at $2,557,000 after buying an additional 136,399 shares in the last quarter. Hedge funds and other institutional investors own 61.07% of the company’s stock.
A number of analysts have weighed in on GNC shares. ValuEngine lowered shares of GNC from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 21st. Zacks Investment Research upgraded shares of GNC from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. cut their target price on shares of GNC from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $7.77.
GNC (NYSE:GNC) last released its quarterly earnings results on Tuesday, February 13th. The specialty retailer reported $0.25 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $557.74 million during the quarter, compared to the consensus estimate of $568.80 million. GNC had a negative net margin of 6.07% and a negative return on equity of 120.93%. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 earnings per share. sell-side analysts forecast that GNC Holdings Inc will post 0.88 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: “GNC Holdings Inc (GNC) Shares Bought by Maverick Capital Ltd.” was originally reported by Watch List News and is the property of of Watch List News. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.watchlistnews.com/gnc-holdings-inc-gnc-shares-bought-by-maverick-capital-ltd/1907248.html.
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.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GNC and related companies with MarketBeat.com's FREE daily email newsletter.