LSV Asset Management Has $520,000 Position in GNC Holdings, Inc. (GNC)
LSV Asset Management held its stake in GNC Holdings, Inc. (NYSE:GNC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,800 shares of the specialty retailer’s stock at the end of the second quarter. LSV Asset Management owned about 0.09% of GNC Holdings worth $520,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in GNC. Karp Capital Management Corp acquired a new position in shares of GNC Holdings in the 1st quarter valued at $113,000. Stonebridge Capital Management Inc. acquired a new position in shares of GNC Holdings in the 2nd quarter valued at $128,000. Sii Investments Inc. WI acquired a new position in shares of GNC Holdings in the 1st quarter valued at $140,000. Comerica Bank acquired a new position in shares of GNC Holdings in the 1st quarter valued at $167,000. Finally, Mariner Investment Group LLC acquired a new position in shares of GNC Holdings in the 2nd quarter valued at $169,000. 65.53% of the stock is currently owned by institutional investors and hedge funds.
GNC has been the topic of a number of recent research reports. ValuEngine cut shares of GNC Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research cut shares of GNC Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Robert W. Baird reaffirmed a “hold” rating and issued a $10.00 target price on shares of GNC Holdings in a report on Sunday, September 17th. BidaskClub cut shares of GNC Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Finally, Bank of America Corporation cut their target price on shares of GNC Holdings from $6.25 to $5.50 and set an “underperform” rating on the stock in a report on Tuesday, August 22nd. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $8.39.
In other GNC Holdings news, CEO Kenneth Martindale sold 64,555 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $9.28, for a total value of $599,070.40. Following the sale, the chief executive officer now directly owns 455,001 shares of the company’s stock, valued at $4,222,409.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.85% of the stock is owned by company insiders.
GNC Holdings, Inc. (NYSE GNC) opened at 9.25 on Monday. The company has a 50-day moving average of $9.08 and a 200-day moving average of $8.07. GNC Holdings, Inc. has a 52-week low of $6.51 and a 52-week high of $22.32. The stock’s market capitalization is $633.33 million.
GNC Holdings (NYSE:GNC) last issued its earnings results on Thursday, July 27th. The specialty retailer reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. GNC Holdings had a positive return on equity of 285.93% and a negative net margin of 14.56%. The firm had revenue of $640.99 million for the quarter, compared to analyst estimates of $646.48 million. During the same period last year, the company earned $0.79 earnings per share. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. Equities research analysts expect that GNC Holdings, Inc. will post $1.36 EPS for the current year.
GNC Holdings Company 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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