Principal Financial Group Inc. boosted its position in GNC Holdings, Inc. (NYSE:GNC) by 38.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,617 shares of the specialty retailer’s stock after buying an additional 11,243 shares during the period. Principal Financial Group Inc. owned approximately 0.06% of GNC Holdings worth $299,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Denver Investment Advisors LLC purchased a new stake in GNC Holdings during the first quarter worth $101,000. Karp Capital Management Corp bought a new position in GNC Holdings during the first quarter worth about $113,000. Comerica Bank bought a new position in GNC Holdings during the first quarter worth about $167,000. Paragon Capital Management LLC bought a new position in GNC Holdings during the first quarter worth about $181,000. Finally, WBI Investments Inc. increased its position in shares of GNC Holdings by 177.5% in the first quarter. WBI Investments Inc. now owns 30,923 shares of the specialty retailer’s stock worth $228,000 after buying an additional 19,780 shares in the last quarter. Institutional investors own 79.50% of the company’s stock.
Shares of GNC Holdings, Inc. (NYSE GNC) traded up 6.65% during mid-day trading on Friday, reaching $9.78. 2,075,141 shares of the company’s stock were exchanged. GNC Holdings, Inc. has a 1-year low of $6.51 and a 1-year high of $22.32. The stock’s market capitalization is $669.62 million. The company’s 50 day moving average is $8.86 and its 200 day moving average is $8.00.
GNC Holdings (NYSE:GNC) last released its quarterly earnings data on Thursday, July 27th. The specialty retailer reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. GNC Holdings had a negative net margin of 14.56% and a positive return on equity of 285.93%. The business had revenue of $640.99 million for the quarter, compared to analyst estimates of $646.48 million. During the same period in the previous year, the firm earned $0.79 EPS. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. Equities research analysts anticipate that GNC Holdings, Inc. will post $1.36 EPS for the current fiscal year.
GNC has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of GNC Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. BidaskClub upgraded shares of GNC Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Deutsche Bank AG reiterated a “hold” rating and set a $9.00 price target on shares of GNC Holdings in a report on Wednesday, April 19th. Barclays PLC raised their target price on shares of GNC Holdings from $7.00 to $9.00 and gave the stock an “underweight” rating in a report on Friday, July 28th. Finally, ValuEngine upgraded shares of GNC Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. GNC Holdings currently has a consensus rating of “Hold” and a consensus price target of $9.58.
In other news, Director Alan D. Feldman bought 36,400 shares of GNC Holdings stock in a transaction on Tuesday, May 16th. The shares were bought at an average cost of $6.87 per share, for a total transaction of $250,068.00. Following the acquisition, the director now owns 47,337 shares in the company, valued at $325,205.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Tim Mantel bought 15,000 shares of GNC Holdings stock in a transaction on Wednesday, May 24th. The stock was purchased at an average price of $7.21 per share, for a total transaction of $108,150.00. Following the completion of the acquisition, the executive vice president now owns 56,775 shares in the company, valued at approximately $409,347.75. The disclosure for this purchase can be found here. Insiders purchased a total of 54,400 shares of company stock worth $381,048 over the last quarter. Insiders own 1.85% of the company’s stock.
About GNC Holdings
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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