Schwab Charles Investment Management Inc. boosted its stake in shares of GNC Holdings Inc (NYSE:GNC) by 17.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 532,155 shares of the specialty retailer’s stock after acquiring an additional 77,764 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.77% of GNC worth $4,705,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. California Public Employees Retirement System grew its holdings in shares of GNC by 20.7% during the second quarter. California Public Employees Retirement System now owns 491,700 shares of the specialty retailer’s stock worth $4,145,000 after purchasing an additional 84,300 shares during the last quarter. Maverick Capital Ltd. bought a new stake in shares of GNC during the second quarter worth $2,797,000. Northern Trust Corp grew its holdings in shares of GNC by 4.6% during the second quarter. Northern Trust Corp now owns 891,636 shares of the specialty retailer’s stock worth $7,517,000 after purchasing an additional 39,378 shares during the last quarter. State Street Corp grew its holdings in shares of GNC by 5.3% during the second quarter. State Street Corp now owns 2,369,707 shares of the specialty retailer’s stock worth $19,971,000 after purchasing an additional 118,390 shares during the last quarter. Finally, K2 Principal Fund L.P. grew its holdings in shares of GNC by 457.9% during the third quarter. K2 Principal Fund L.P. now owns 70,128 shares of the specialty retailer’s stock worth $620,000 after purchasing an additional 89,720 shares during the last quarter. Hedge funds and other institutional investors own 61.81% of the company’s stock.
Several analysts have recently commented on GNC shares. ValuEngine cut GNC from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 21st. Robert W. Baird restated a “hold” rating and set a $10.00 target price on shares of GNC in a report on Sunday, September 17th. Zacks Investment Research cut GNC from a “hold” rating to a “strong sell” rating in a report on Friday, October 27th. Finally, Barclays decreased their target price on GNC from $9.00 to $6.00 and set an “underweight” rating on the stock in a report on Friday, October 27th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $8.10.
In other news, EVP Tim Mantel purchased 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average price of $5.80 per share, for a total transaction of $116,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.85% of the stock is owned by company insiders.
GNC Holdings Inc (GNC) opened at $3.56 on Thursday. The stock has a market capitalization of $245.31, a PE ratio of -0.65 and a beta of 0.79. GNC Holdings Inc has a 1-year low of $3.13 and a 1-year high of $11.79. The company has a quick ratio of 0.70, a current ratio of 2.44 and a debt-to-equity ratio of -55.95.
GNC (NYSE:GNC) last posted its quarterly earnings results on Thursday, October 26th. The specialty retailer reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). The firm had revenue of $609.47 million during the quarter, compared to the consensus estimate of $614.08 million. GNC had a negative net margin of 15.11% and a negative return on equity of 133.37%. GNC’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.59 EPS. equities analysts forecast that GNC Holdings Inc will post 1.28 EPS for the current year.
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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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