GNC Holdings Inc (GNC) Shares Bought by Millennium Management LLC
Millennium Management LLC raised its holdings in shares of GNC Holdings Inc (NYSE:GNC) by 2,515.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,465,258 shares of the specialty retailer’s stock after acquiring an additional 1,409,237 shares during the quarter. Millennium Management LLC’s holdings in GNC were worth $5,407,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC grew its stake in GNC by 311.0% during the 4th quarter. SG Americas Securities LLC now owns 348,703 shares of the specialty retailer’s stock valued at $1,287,000 after acquiring an additional 263,865 shares in the last quarter. Spark Investment Management LLC acquired a new stake in shares of GNC during the 4th quarter valued at about $2,883,000. California Public Employees Retirement System lifted its holdings in shares of GNC by 13.2% during the 3rd quarter. California Public Employees Retirement System now owns 556,518 shares of the specialty retailer’s stock valued at $4,920,000 after buying an additional 64,818 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of GNC during the 4th quarter valued at about $440,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of GNC by 17.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 532,155 shares of the specialty retailer’s stock valued at $4,705,000 after buying an additional 77,764 shares during the last quarter. 59.69% of the stock is currently owned by institutional investors.
Shares of GNC stock opened at $3.75 on Tuesday. The stock has a market cap of $303.69, a PE ratio of 2.78 and a beta of 0.88. The company has a debt-to-equity ratio of -8.01, a current ratio of 2.83 and a quick ratio of 0.89. GNC Holdings Inc has a 52-week low of $3.13 and a 52-week high of $10.95.
Several equities research analysts have recently issued reports on GNC shares. Zacks Investment Research upgraded GNC from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. JPMorgan Chase reduced their price target on GNC from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, February 14th. Finally, ValuEngine lowered GNC from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 21st. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $7.77.
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GNC 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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