Principal Financial Group Inc. boosted its stake in GNC Holdings, Inc. (NYSE:GNC) by 38.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of New Jersey Common Pension Fund D purchased a new position in shares of GNC Holdings during the first quarter valued at about $14,720,000. Quantitative Investment Management LLC increased its position in shares of GNC Holdings by 231.3% in the first quarter. Quantitative Investment Management LLC now owns 1,250,900 shares of the specialty retailer’s stock valued at $9,206,000 after buying an additional 873,300 shares in the last quarter. Shah Capital Management purchased a new position in shares of GNC Holdings during the first quarter valued at about $4,900,000. Norges Bank purchased a new position in shares of GNC Holdings during the fourth quarter valued at about $6,441,000. Finally, First Trust Advisors LP increased its position in shares of GNC Holdings by 183.2% in the first quarter. First Trust Advisors LP now owns 335,520 shares of the specialty retailer’s stock valued at $2,469,000 after buying an additional 217,047 shares in the last quarter. Hedge funds and other institutional investors own 78.45% of the company’s stock.
GNC Holdings, Inc. (NYSE:GNC) opened at 9.37 on Friday. The stock’s market capitalization is $641.55 million. The stock’s 50 day moving average is $9.13 and its 200 day moving average is $8.02. GNC Holdings, Inc. has a 12-month low of $6.51 and a 12-month high of $22.32.
GNC Holdings (NYSE:GNC) last posted its earnings results on Thursday, July 27th. The specialty retailer reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The firm had revenue of $640.99 million during the quarter, compared to analyst estimates of $646.48 million. GNC Holdings had a negative net margin of 14.56% and a positive return on equity of 285.93%. The business’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 EPS. Equities analysts anticipate that GNC Holdings, Inc. will post $1.36 EPS for the current fiscal year.
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GNC has been the topic of several analyst reports. Odeon Capital Group LLC reiterated a “sell” rating on shares of GNC Holdings in a research note on Tuesday, May 9th. Zacks Investment Research upgraded shares of GNC Holdings from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a research note on Tuesday, June 20th. BidaskClub upgraded shares of GNC Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. ValuEngine downgraded shares of GNC Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Barclays PLC upped their target price on shares of GNC Holdings from $7.00 to $9.00 and gave the stock an “underweight” rating in a research note on Friday, July 28th. Five equities research 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. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.58.
In other news, EVP Tim Mantel bought 15,000 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was purchased at an average cost of $7.21 per share, with a total value of $108,150.00. Following the acquisition, the executive vice president now directly owns 56,775 shares in the company, valued at $409,347.75. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.85% of the stock is owned by insiders.
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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