HighTower Advisors LLC decreased its holdings in GNC Holdings, Inc. (NYSE:GNC) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 173,890 shares of the specialty retailer’s stock after selling 2,440 shares during the quarter. HighTower Advisors LLC owned about 0.25% of GNC Holdings worth $1,469,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in GNC. Sessa Capital IM L.P. purchased a new position in GNC Holdings in the first quarter worth $9,186,000. Tairen Capital Ltd purchased a new position in GNC Holdings in the first quarter worth $6,347,000. State Street Corp raised its position in GNC Holdings by 33.9% in the first quarter. State Street Corp now owns 2,251,317 shares of the specialty retailer’s stock worth $16,571,000 after acquiring an additional 569,799 shares in the last quarter. Shah Capital Management raised its position in GNC Holdings by 64.6% in the second quarter. Shah Capital Management now owns 1,096,155 shares of the specialty retailer’s stock worth $9,240,000 after acquiring an additional 430,316 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in GNC Holdings by 29.8% in the first quarter. Geode Capital Management LLC now owns 1,497,030 shares of the specialty retailer’s stock worth $11,017,000 after acquiring an additional 343,534 shares in the last quarter. Hedge funds and other institutional investors own 65.54% of the company’s stock.
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GNC Holdings, Inc. (NYSE GNC) opened at 8.19 on Wednesday. GNC Holdings, Inc. has a 12 month low of $6.51 and a 12 month high of $22.32. The stock has a 50 day moving average price of $8.75 and a 200-day moving average price of $8.24. The stock’s market cap is $560.75 million.
GNC Holdings (NYSE:GNC) last issued its earnings results on Thursday, July 27th. The specialty retailer reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $640.99 million for the quarter, compared to the consensus estimate of $646.48 million. GNC Holdings had a positive return on equity of 285.93% and a negative net margin of 14.56%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 earnings per share. On average, analysts expect that GNC Holdings, Inc. will post $1.36 EPS for the current year.
Several research firms have issued reports on GNC. BidaskClub cut GNC Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. ValuEngine cut GNC Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Barclays PLC increased their price objective on GNC Holdings from $7.00 to $9.00 and gave the stock an “underweight” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded GNC Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Robert W. Baird reiterated a “hold” rating and issued a $10.00 price objective on shares of GNC Holdings in a research report on Sunday, September 17th. Five investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $8.37.
In other news, CEO Kenneth Martindale sold 64,555 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $9.28, for a total transaction of $599,070.40. Following the completion of the sale, the chief executive officer now owns 455,001 shares in the company, valued at approximately $4,222,409.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.85% of the company’s stock.
GNC Holdings 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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