GNC Holdings Inc. (GNC) Shares Bought by Los Angeles Capital Management & Equity Research Inc.
Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of GNC Holdings Inc. (NYSE:GNC) by 95.0% during the second quarter, Holdings Channel reports. The institutional investor owned 31,609 shares of the company’s stock after buying an additional 15,399 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in GNC Holdings were worth $768,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund bought a new stake in GNC Holdings during the second quarter valued at approximately $237,000. Menta Capital LLC bought a new stake in GNC Holdings during the first quarter valued at approximately $240,000. Nisa Investment Advisors L.L.C. bought a new stake in GNC Holdings during the first quarter valued at approximately $251,000. Kempen Capital Management N.V. boosted its stake in GNC Holdings by 171.2% in the first quarter. Kempen Capital Management N.V. now owns 8,018 shares of the company’s stock valued at $255,000 after buying an additional 5,061 shares in the last quarter. Finally, Acrospire Investment Management LLC bought a new stake in GNC Holdings during the first quarter valued at approximately $298,000. 95.94% of the stock is owned by hedge funds and other institutional investors.
GNC Holdings Inc. (NYSE:GNC) traded down 2.51% on Tuesday, reaching $20.20. The company had a trading volume of 1,057,245 shares. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 7.57 and a beta of 1.03. GNC Holdings Inc. has a 52-week low of $18.92 and a 52-week high of $43.12. The stock’s 50-day moving average price is $20.19 and its 200 day moving average price is $25.78.
GNC Holdings (NYSE:GNC) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. GNC Holdings had a return on equity of 50.48% and a net margin of 7.73%. The firm earned $689.60 million during the quarter, compared to the consensus estimate of $670.65 million. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 EPS. On average, equities analysts anticipate that GNC Holdings Inc. will post $2.74 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.80 annualized dividend and a yield of 3.86%. GNC Holdings’s dividend payout ratio (DPR) is presently 29.52%.
Several research firms recently commented on GNC. Vetr raised GNC Holdings from a “hold” rating to a “buy” rating and set a $20.50 price target for the company in a report on Monday, August 29th. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $38.00 price target on shares of GNC Holdings in a report on Saturday, June 25th. Jefferies Group lowered their price objective on GNC Holdings from $27.00 to $20.00 and set a “hold” rating for the company in a research report on Friday, July 29th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $25.00 price objective on shares of GNC Holdings in a research report on Friday, July 29th. Finally, Wedbush lowered GNC Holdings from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $31.00 to $23.00 in a research report on Monday, August 1st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $28.65.
GNC Holdings Company Profile
GNC Holdings, Inc is a specialty retailer of health, wellness and performance products, including vitamins, minerals and herbal supplement products (VMHS), sports nutrition products and diet products. The Company operates in three segments: Retail, Franchising and Manufacturing/Wholesale. The Retail segment includes sales of products to customers at its company-owned stores in the United States, Canada, Puerto Rico and Ireland and through its Websites, GNC.com and LuckyVitamin.com.
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