GNC Holdings Inc (NYSE:GNC) Receives Consensus Recommendation of “Hold” from Analysts
Shares of GNC Holdings Inc (NYSE:GNC) have been assigned an average rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $3.13.
A number of analysts recently commented on the company. ValuEngine raised Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Friday, May 17th. Zacks Investment Research raised Hudson Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th. Finally, Jefferies Financial Group decreased their target price on Huntsman from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, June 17th.
GNC stock traded up $0.01 during midday trading on Monday, reaching $1.88. The stock had a trading volume of 2,135,133 shares, compared to its average volume of 1,723,550. GNC has a 12 month low of $1.32 and a 12 month high of $4.65. The company has a market cap of $157.02 million, a P/E ratio of 5.53 and a beta of 1.21. The business has a fifty day moving average price of $1.54.
A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC boosted its stake in GNC by 0.4% during the 1st quarter. FMR LLC now owns 7,912,006 shares of the specialty retailer’s stock valued at $21,600,000 after purchasing an additional 35,000 shares during the last quarter. Alpha Omega Wealth Management LLC boosted its stake in GNC by 183.0% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 10,052 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 6,500 shares during the last quarter. FNY Investment Advisers LLC boosted its stake in GNC by 9,900.0% during the 1st quarter. FNY Investment Advisers LLC now owns 25,000 shares of the specialty retailer’s stock valued at $68,000 after purchasing an additional 24,750 shares during the last quarter. Norges Bank acquired a new position in GNC during the 4th quarter valued at about $1,126,000. Finally, Macquarie Group Ltd. boosted its stake in GNC by 449.1% during the 4th quarter. Macquarie Group Ltd. now owns 30,200 shares of the specialty retailer’s stock valued at $72,000 after purchasing an additional 24,700 shares during the last quarter. Institutional investors and hedge funds own 52.82% of the company’s stock.
GNC Holdings, Inc, together with its subsidiaries, operates as a specialty retailer of health, wellness, and performance products. The company operates through three segments: U.S. and Canada, International, and Manufacturing/Wholesale. Its products include proteins, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty products, food and drink products, and other general merchandise.
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