Raymond James Financial Services Advisors Inc. decreased its holdings in GNC Holdings Inc (NYSE:GNC) by 13.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 102,260 shares of the specialty retailer’s stock after selling 15,920 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.15% of GNC worth $377,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its stake in shares of GNC by 39.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 739,603 shares of the specialty retailer’s stock valued at $2,730,000 after purchasing an additional 207,448 shares during the period. California Public Employees Retirement System raised its holdings in GNC by 24.5% in the fourth quarter. California Public Employees Retirement System now owns 692,917 shares of the specialty retailer’s stock valued at $2,557,000 after acquiring an additional 136,399 shares in the last quarter. Wells Fargo & Company MN raised its holdings in GNC by 66.8% in the third quarter. Wells Fargo & Company MN now owns 523,768 shares of the specialty retailer’s stock valued at $4,630,000 after acquiring an additional 209,789 shares in the last quarter. SG Americas Securities LLC raised its holdings in GNC by 311.0% in the fourth quarter. SG Americas Securities LLC now owns 348,703 shares of the specialty retailer’s stock valued at $1,287,000 after acquiring an additional 263,865 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in GNC by 72.1% in the third quarter. Legal & General Group Plc now owns 152,005 shares of the specialty retailer’s stock valued at $1,339,000 after acquiring an additional 63,690 shares in the last quarter. 59.69% of the stock is owned by institutional investors and hedge funds.
Shares of GNC stock opened at $4.32 on Monday. The company has a current ratio of 2.83, a quick ratio of 0.89 and a debt-to-equity ratio of -8.01. GNC Holdings Inc has a 1-year low of $3.13 and a 1-year high of $10.95. The firm has a market cap of $361.42, a P/E ratio of 3.20 and a beta of 0.84.
GNC (NYSE:GNC) last released its quarterly earnings data on Tuesday, February 13th. The specialty retailer reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. GNC had a negative net margin of 6.07% and a negative return on equity of 120.93%. The company had revenue of $557.74 million for the quarter, compared to analysts’ expectations of $568.80 million. During the same quarter last year, the company earned $0.07 earnings per share. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. sell-side analysts expect that GNC Holdings Inc will post 0.88 EPS for the current year.
Several analysts recently weighed in on the stock. Zacks Investment Research raised shares of GNC from a “sell” rating to a “hold” rating in a report on Monday, March 5th. ValuEngine cut shares of GNC from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 21st. Finally, JPMorgan Chase & Co. reduced their target price on shares of GNC from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $7.77.
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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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