GNC Holdings, Inc. (NYSE:GNC) Shares Sold by Stoneridge Investment Partners LLC
Stoneridge Investment Partners LLC cut its stake in shares of GNC Holdings, Inc. (NYSE:GNC) by 62.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,536 shares of the specialty retailer’s stock after selling 120,600 shares during the period. Stoneridge Investment Partners LLC’s holdings in GNC Holdings were worth $620,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of GNC. Airain ltd purchased a new stake in GNC Holdings during the first quarter valued at about $1,235,000. HighTower Advisors LLC bought a new stake in shares of GNC Holdings during the first quarter valued at $1,298,000. Wells Fargo & Company MN increased its stake in shares of GNC Holdings by 148.2% in the first quarter. Wells Fargo & Company MN now owns 357,447 shares of the specialty retailer’s stock valued at $2,631,000 after buying an additional 213,438 shares during the period. Royce & Associates LP increased its stake in shares of GNC Holdings by 34.5% in the first quarter. Royce & Associates LP now owns 179,235 shares of the specialty retailer’s stock valued at $1,319,000 after buying an additional 45,997 shares during the period. Finally, Ameriprise Financial Inc. bought a new stake in shares of GNC Holdings during the first quarter valued at $233,000. Hedge funds and other institutional investors own 79.50% of the company’s stock.
GNC Holdings, Inc. (NYSE:GNC) opened at 9.17 on Friday. The stock’s market cap is $627.85 million. GNC Holdings, Inc. has a 12-month low of $6.51 and a 12-month high of $22.32. The stock has a 50 day moving average price of $8.86 and a 200-day moving average price of $8.00.
GNC Holdings (NYSE:GNC) last issued its quarterly earnings data on Thursday, July 27th. The specialty retailer reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. The company had revenue of $640.99 million for the quarter, compared to analysts’ expectations of $646.48 million. GNC Holdings had a positive return on equity of 285.93% and a negative net margin of 14.56%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 earnings per share. On average, equities analysts expect that GNC Holdings, Inc. will post $1.36 earnings per share for the current year.
Several equities research analysts have weighed in on the company. ValuEngine upgraded GNC Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded GNC Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Barclays PLC upped their price target on GNC Holdings from $7.00 to $9.00 and gave the stock an “underweight” rating in a report on Friday, July 28th. BidaskClub upgraded GNC Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Odeon Capital Group LLC restated a “sell” rating on shares of GNC Holdings in a report on Tuesday, May 9th. Five investment 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 stock presently has a consensus rating of “Hold” and a consensus target price of $9.58.
In other GNC Holdings news, EVP Tim Mantel bought 15,000 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were acquired at an average cost of $7.21 per share, with a total value of $108,150.00. Following the completion of the transaction, the executive vice president now owns 56,775 shares in the company, valued at $409,347.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alan D. Feldman bought 36,400 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were acquired at an average cost of $6.87 per share, for a total transaction of $250,068.00. Following the completion of the transaction, the director now owns 47,337 shares of the company’s stock, valued at approximately $325,205.19. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 54,400 shares of company stock worth $381,048. 1.85% of the stock is currently owned by insiders.
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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