GNC Holdings Inc (NYSE:GNC) was the recipient of a large decrease in short interest in January. As of January 12th, there was short interest totalling 25,005,781 shares, a decrease of 3.5% from the December 29th total of 25,925,357 shares. Based on an average daily trading volume, of 3,209,137 shares, the days-to-cover ratio is currently 7.8 days. Currently, 37.6% of the shares of the stock are short sold.
Several hedge funds have recently modified their holdings of GNC. Spark Investment Management LLC bought a new position in shares of GNC during the fourth quarter worth about $2,883,000. Maverick Capital Ltd. raised its stake in GNC by 1,758.9% during the fourth quarter. Maverick Capital Ltd. now owns 676,010 shares of the specialty retailer’s stock worth $2,494,000 after acquiring an additional 639,643 shares during the period. MANA Advisors LLC acquired a new stake in GNC during the fourth quarter worth about $1,155,000. SG Americas Securities LLC raised its stake in GNC by 311.0% during the fourth quarter. SG Americas Securities LLC now owns 348,703 shares of the specialty retailer’s stock worth $1,287,000 after acquiring an additional 263,865 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in GNC by 53.0% during the second quarter. Parametric Portfolio Associates LLC now owns 683,197 shares of the specialty retailer’s stock worth $5,759,000 after acquiring an additional 236,793 shares during the period. 62.08% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently issued reports on GNC. Barclays reduced their target price on GNC from $9.00 to $6.00 and set an “underweight” rating on the stock in a research note on Friday, October 27th. Zacks Investment Research upgraded GNC from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. ValuEngine upgraded GNC from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Finally, JPMorgan Chase & Co. dropped their price objective on GNC from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $7.77.
GNC (NYSE:GNC) opened at $4.95 on Wednesday. The company has a debt-to-equity ratio of -55.95, a current ratio of 2.44 and a quick ratio of 0.70. The firm has a market cap of $289.12, a PE ratio of -0.91 and a beta of 0.89. GNC has a 12-month low of $3.13 and a 12-month high of $10.95.
GNC (NYSE:GNC) last posted its quarterly earnings data on Wednesday, February 14th. The specialty retailer reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. GNC had a negative net margin of 15.11% and a negative return on equity of 133.37%. The company had revenue of $557.74 million during the quarter, compared to analysts’ expectations of $568.80 million. During the same period in the prior year, the company posted $0.07 EPS. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. equities research analysts predict that GNC will post 1.29 earnings per share for the current year.
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GNC 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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