Sii Investments Inc. WI Grows Holdings in GNC Holdings, Inc. (GNC)
Sii Investments Inc. WI boosted its position in shares of GNC Holdings, Inc. (NYSE:GNC) by 22.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,268 shares of the specialty retailer’s stock after purchasing an additional 4,268 shares during the quarter. Sii Investments Inc. WI’s holdings in GNC Holdings were worth $196,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its holdings in GNC Holdings by 119.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 336,252 shares of the specialty retailer’s stock worth $2,834,000 after purchasing an additional 183,137 shares during the period. Balyasny Asset Management LLC increased its holdings in GNC Holdings by 237.4% during the 2nd quarter. Balyasny Asset Management LLC now owns 262,000 shares of the specialty retailer’s stock worth $2,209,000 after purchasing an additional 184,353 shares during the period. Bayesian Capital Management LP purchased a new position in GNC Holdings during the 2nd quarter worth $102,000. Voya Investment Management LLC increased its holdings in GNC Holdings by 16.8% during the 2nd quarter. Voya Investment Management LLC now owns 31,822 shares of the specialty retailer’s stock worth $268,000 after purchasing an additional 4,587 shares during the period. Finally, Parametric Portfolio Associates LLC increased its holdings in GNC Holdings by 53.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 683,197 shares of the specialty retailer’s stock worth $5,759,000 after purchasing an additional 236,793 shares during the period. Institutional investors own 65.54% of the company’s stock.
Several research firms have commented on GNC. ValuEngine upgraded GNC Holdings from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Barclays PLC increased their target price on GNC Holdings from $7.00 to $9.00 and gave the company an “underweight” rating in a research report on Friday, July 28th. Zacks Investment Research raised GNC Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Robert W. Baird reaffirmed a “hold” rating and set a $10.00 target price on shares of GNC Holdings in a research report on Sunday, September 17th. Finally, BidaskClub cut GNC Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $8.37.
Shares of GNC Holdings, Inc. (NYSE GNC) traded down 0.23% during mid-day trading on Monday, reaching $8.54. The company’s stock had a trading volume of 68,709 shares. The stock has a 50 day moving average of $8.83 and a 200-day moving average of $8.21. GNC Holdings, Inc. has a one year low of $6.51 and a one year high of $22.32. The stock’s market cap is $584.72 million.
GNC Holdings (NYSE:GNC) last posted its quarterly earnings data on Thursday, July 27th. The specialty retailer reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $640.99 million for the quarter, compared to analyst estimates of $646.48 million. During the same quarter in the prior year, the company earned $0.79 earnings per share. The company’s revenue was down 4.8% on a year-over-year basis. On average, equities research analysts expect that GNC Holdings, Inc. will post $1.36 EPS for the current fiscal year.
In other news, CEO Kenneth Martindale sold 64,555 shares of the company’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 sale, the chief executive officer now owns 455,001 shares of the company’s stock, valued at $4,222,409.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.85% of the stock is currently owned by corporate 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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