GNC (GNC) Shares Gap Down to $3.68

GNC Holdings Inc (NYSE:GNC) shares gapped down prior to trading on Thursday . The stock had previously closed at $3.78, but opened at $3.68. GNC shares last traded at $3.82, with a volume of 25254 shares traded.

Several research analysts recently issued reports on GNC shares. Zacks Investment Research lowered shares of GNC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Barclays reiterated a “sell” rating and issued a $3.00 target price on shares of GNC in a research report on Friday, July 27th. Finally, Buckingham Research started coverage on shares of GNC in a research report on Monday, October 29th. They issued a “buy” rating and a $6.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $4.50.

The stock has a market capitalization of $308.71 million, a PE ratio of 2.96 and a beta of 0.54.

A number of large investors have recently made changes to their positions in the stock. FMR LLC grew its position in GNC by 7.7% in the second quarter. FMR LLC now owns 7,806,946 shares of the specialty retailer’s stock worth $27,480,000 after acquiring an additional 560,447 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in GNC by 39.8% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,619,594 shares of the specialty retailer’s stock worth $9,221,000 after purchasing an additional 745,471 shares during the last quarter. Millennium Management LLC lifted its stake in GNC by 47.9% in the first quarter. Millennium Management LLC now owns 2,167,408 shares of the specialty retailer’s stock worth $8,366,000 after purchasing an additional 702,150 shares during the last quarter. Northern Trust Corp lifted its stake in GNC by 18.5% in the second quarter. Northern Trust Corp now owns 957,967 shares of the specialty retailer’s stock worth $3,372,000 after purchasing an additional 149,883 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in GNC by 24.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 935,890 shares of the specialty retailer’s stock worth $3,295,000 after purchasing an additional 186,073 shares during the last quarter. Institutional investors own 47.53% of the company’s stock.

About GNC (NYSE:GNC)

GNC Holdings, Inc, together with its subsidiaries, operates as a specialty retailer of health, wellness, and performance products. It operates through three segments: U.S. and Canada, International, and Manufacturing/Wholesale. Its products include protein, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty, food and drink, and other general merchandise.

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