Shah Capital Management lifted its holdings in shares of Vitamin Shoppe Inc (NYSE:VSI) by 157.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,330,000 shares of the specialty retailer’s stock after acquiring an additional 2,038,667 shares during the period. Vitamin Shoppe makes up approximately 6.7% of Shah Capital Management’s investment portfolio, making the stock its 5th largest holding. Shah Capital Management owned 13.89% of Vitamin Shoppe worth $14,652,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in VSI. FMR LLC increased its position in shares of Vitamin Shoppe by 32.4% in the second quarter. FMR LLC now owns 1,254,690 shares of the specialty retailer’s stock valued at $14,617,000 after buying an additional 307,050 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Vitamin Shoppe by 106.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 667,112 shares of the specialty retailer’s stock valued at $2,936,000 after buying an additional 343,326 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Vitamin Shoppe by 175.5% in the third quarter. Canada Pension Plan Investment Board now owns 652,600 shares of the specialty retailer’s stock valued at $3,491,000 after buying an additional 415,700 shares in the last quarter. GMT Capital Corp purchased a new stake in shares of Vitamin Shoppe in the third quarter valued at approximately $3,423,000. Finally, Systematic Financial Management LP increased its position in shares of Vitamin Shoppe by 94.9% in the third quarter. Systematic Financial Management LP now owns 217,345 shares of the specialty retailer’s stock valued at $1,163,000 after buying an additional 105,855 shares in the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.
Shares of Vitamin Shoppe Inc (VSI) traded up $0.25 during trading on Wednesday, hitting $4.10. The stock had a trading volume of 327,632 shares, compared to its average volume of 792,314. Vitamin Shoppe Inc has a twelve month low of $2.95 and a twelve month high of $23.25. The firm has a market cap of $93.51, a price-to-earnings ratio of -0.39 and a beta of 0.59. The company has a current ratio of 2.07, a quick ratio of 0.32 and a debt-to-equity ratio of 0.59.
Several brokerages recently commented on VSI. Zacks Investment Research upgraded Vitamin Shoppe from a “strong sell” rating to a “hold” rating in a research report on Sunday, January 21st. ValuEngine cut Vitamin Shoppe from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Barclays dropped their price target on Vitamin Shoppe from $6.00 to $3.00 and set an “equal weight” rating for the company in a research report on Thursday, November 9th. Finally, Morgan Stanley dropped their target price on Vitamin Shoppe from $7.50 to $4.00 and set an “equal weight” rating for the company in a report on Thursday, November 9th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.00.
In other news, major shareholder Shah Capital Management bought 300,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were purchased at an average price of $3.83 per share, with a total value of $1,149,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Vintage Capital Management Llc purchased 234,343 shares of Vitamin Shoppe stock in a transaction on Friday, December 29th. The stock was bought at an average cost of $4.36 per share, for a total transaction of $1,021,735.48. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 1,000,639 shares of company stock worth $4,387,647. Corporate insiders own 1.07% of the company’s stock.
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About Vitamin Shoppe
Vitamin Shoppe, Inc (VSI) is a multi-channel specialty retailer and contract manufacturer of vitamins, minerals, herbs, specialty supplements, sports nutrition, and other health and wellness products. The Company operates through three segments: retail, direct and manufacturing. The retail segment includes Vitamin Shoppe, Super Supplements and Vitapath retail store formats.
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