Stock Traders Buy Large Volume of Call Options on GNC Holdings (GNC)
GNC Holdings Inc (NYSE:GNC) was the target of unusually large options trading activity on Tuesday. Stock traders purchased 1,977 call options on the company. This represents an increase of 980% compared to the average daily volume of 183 call options.
Shares of GNC Holdings (NYSE:GNC) traded up 28.7279% during trading on Tuesday, reaching $9.3199. 17,594,738 shares of the company’s stock traded hands. GNC Holdings has a 52-week low of $6.51 and a 52-week high of $35.90. The company’s 50-day moving average is $7.35 and its 200 day moving average is $11.84. The company’s market cap is $637.51 million.
GNC Holdings (NYSE:GNC) last released its quarterly earnings data on Tuesday, April 18th. The specialty retailer reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. GNC Holdings had a net margin of 7.35% and a return on equity of 53.97%. The company earned $644.80 million during the quarter, compared to analyst estimates of $623.03 million. During the same period last year, the business earned $0.69 earnings per share. GNC Holdings’s revenue was down 3.6% compared to the same quarter last year. Equities analysts forecast that GNC Holdings will post $1.36 EPS for the current year.
A number of equities analysts recently issued reports on GNC shares. Vetr upgraded shares of GNC Holdings from a “hold” rating to a “buy” rating and set a $11.50 price objective for the company in a research report on Monday, January 16th. TheStreet cut shares of GNC Holdings from a “c-” rating to a “d” rating in a research report on Monday, March 20th. Zacks Investment Research upgraded shares of GNC Holdings from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 19th. Deutsche Bank AG reiterated a “hold” rating and set a $10.00 price objective (down from $16.00) on shares of GNC Holdings in a research report on Wednesday, February 15th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $12.00 price objective on shares of GNC Holdings in a research report on Tuesday, February 14th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $15.14.
In related news, SVP Guru Ramanathan acquired 29,500 shares of the stock in a transaction that occurred on Tuesday, March 7th. The stock was acquired at an average cost of $7.72 per share, for a total transaction of $227,740.00. Following the transaction, the senior vice president now directly owns 74,512 shares in the company, valued at $575,232.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey Paul Berger acquired 30,000 shares of the stock in a transaction that occurred on Wednesday, March 15th. The shares were bought at an average price of $6.98 per share, with a total value of $209,400.00. Following the completion of the transaction, the director now owns 67,589 shares in the company, valued at $471,771.22. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 800,316 shares of company stock valued at $6,659,718. 0.78% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors raised its position in GNC Holdings by 4.6% in the third quarter. BlackRock Fund Advisors now owns 1,827,803 shares of the specialty retailer’s stock worth $37,324,000 after buying an additional 79,556 shares during the period. Stillwater Investment Management L.P. purchased a new position in GNC Holdings during the third quarter worth approximately $3,196,000. Miller Howard Investments Inc. NY purchased a new position in GNC Holdings during the third quarter worth approximately $2,022,000. Canada Pension Plan Investment Board raised its position in GNC Holdings by 2.9% in the third quarter. Canada Pension Plan Investment Board now owns 490,700 shares of the specialty retailer’s stock worth $10,020,000 after buying an additional 13,600 shares during the period. Finally, SPQ Asia Capital Ltd purchased a new position in GNC Holdings during the third quarter worth approximately $3,968,000. Institutional investors own 76.75% 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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