Schwab Charles Investment Management Inc. Increases Holdings in GNC Holdings Inc (GNC)

Schwab Charles Investment Management Inc. increased its holdings in GNC Holdings Inc (NYSE:GNC) by 17.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 532,155 shares of the specialty retailer’s stock after buying an additional 77,764 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.77% of GNC worth $4,705,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. California Public Employees Retirement System grew its stake in shares of GNC by 20.7% during the 2nd 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 period. Maverick Capital Ltd. acquired a new stake in shares of GNC during the 2nd quarter worth approximately $2,797,000. Northern Trust Corp grew its stake in shares of GNC by 4.6% during the 2nd 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 period. State Street Corp grew its stake in shares of GNC by 5.3% during the 2nd 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 period. Finally, K2 Principal Fund L.P. grew its stake in shares of GNC by 457.9% during the 3rd 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 period. Institutional investors own 61.81% of the company’s stock.

GNC Holdings Inc (NYSE GNC) opened at $3.47 on Thursday. GNC Holdings Inc has a 52-week low of $3.13 and a 52-week high of $11.37. The stock has a market capitalization of $238.06, a P/E ratio of -0.64 and a beta of 0.79. The company has a debt-to-equity ratio of -55.95, a quick ratio of 0.70 and a current ratio of 2.44.

GNC (NYSE:GNC) last announced its earnings results on Thursday, October 26th. The specialty retailer reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). GNC had a negative net margin of 15.11% and a negative return on equity of 133.37%. The business had revenue of $609.47 million for the quarter, compared to analysts’ expectations of $614.08 million. During the same quarter last year, the business earned $0.59 EPS. The company’s quarterly revenue was down 2.9% on a year-over-year basis. analysts expect that GNC Holdings Inc will post 1.28 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on the stock. ValuEngine cut shares of GNC from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 21st. Barclays dropped their price objective on shares of GNC from $9.00 to $6.00 and set an “underweight” rating on the stock in a research note on Friday, October 27th. Finally, Zacks Investment Research cut shares of GNC from a “hold” rating to a “strong sell” rating in a research note on Friday, October 27th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $8.10.

In other GNC news, EVP Tim Mantel bought 20,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were purchased 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 SEC, which is available through this link. Company insiders own 1.85% of the company’s stock.

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About GNC

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.

Institutional Ownership by Quarter for GNC (NYSE:GNC)

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