Strs Ohio Maintains Stake in GNC Holdings, Inc. (GNC)
Strs Ohio held its position in shares of GNC Holdings, Inc. (NYSE:GNC) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 370,000 shares of the specialty retailer’s stock at the end of the second quarter. Strs Ohio’s holdings in GNC Holdings were worth $3,119,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Gamco Investors INC. ET AL increased its position in shares of GNC Holdings by 12.5% in the first quarter. Gamco Investors INC. ET AL now owns 105,000 shares of the specialty retailer’s stock worth $773,000 after buying an additional 11,700 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of GNC Holdings by 269.3% in the first quarter. UBS Asset Management Americas Inc. now owns 59,452 shares of the specialty retailer’s stock worth $438,000 after buying an additional 43,355 shares during the last quarter. Comerica Bank acquired a new position in shares of GNC Holdings during the first quarter worth $167,000. 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 worth $2,469,000 after buying an additional 217,047 shares during the last quarter. Finally, Stoneridge Investment Partners LLC increased its position in shares of GNC Holdings by 71.9% in the first quarter. Stoneridge Investment Partners LLC now owns 194,136 shares of the specialty retailer’s stock worth $1,429,000 after buying an additional 81,172 shares during the last quarter. Hedge funds and other institutional investors own 79.50% of the company’s stock.
GNC Holdings, Inc. (NYSE GNC) opened at 9.53 on Wednesday. The company has a 50-day moving average price of $8.61 and a 200 day moving average price of $8.02. The stock’s market cap is $652.50 million. GNC Holdings, Inc. has a 1-year low of $6.51 and a 1-year high of $22.32.
GNC Holdings (NYSE:GNC) last issued its earnings results on Thursday, July 27th. The specialty retailer reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $640.99 million for the quarter, compared to analysts’ expectations of $646.48 million. During the same quarter last year, the company posted $0.79 earnings per share. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. Equities analysts expect that GNC Holdings, Inc. will post $1.36 earnings per share for the current fiscal year.
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A number of equities analysts have recently weighed in on the company. Barclays PLC boosted their target price on GNC Holdings from $7.00 to $9.00 and gave the stock an “underweight” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded GNC Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. ValuEngine upgraded GNC Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. BidaskClub upgraded GNC Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $9.00 target price on shares of GNC Holdings in a research note on Wednesday, April 19th. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.58.
In related news, Director Alan D. Feldman bought 36,400 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were bought at an average price of $6.87 per share, for a total transaction of $250,068.00. Following the completion of the acquisition, the director now owns 47,337 shares of the company’s stock, valued at approximately $325,205.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert F. Moran bought 300,000 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was bought at an average price of $6.69 per share, for a total transaction of $2,007,000.00. Following the acquisition, the chief executive officer now directly owns 953,271 shares of the company’s stock, valued at approximately $6,377,382.99. The disclosure for this purchase can be found here. Insiders purchased 354,400 shares of company stock worth $2,388,048 in the last 90 days. 1.85% of the stock is currently owned by corporate 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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