Aperio Group LLC trimmed its stake in shares of GNC Holdings, Inc. (NYSE:GNC) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,942 shares of the specialty retailer’s stock after selling 355 shares during the period. Aperio Group LLC’s holdings in GNC Holdings were worth $126,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Airain ltd purchased a new stake in shares of GNC Holdings during the first quarter valued at $1,235,000. HighTower Advisors LLC acquired a new position in GNC Holdings during the first quarter valued at $1,298,000. Royce & Associates LP raised its position in GNC Holdings by 34.5% during the first quarter. Royce & Associates LP now owns 179,235 shares of the specialty retailer’s stock valued at $1,319,000 after buying an additional 45,997 shares during the period. Wells Fargo & Company MN raised its position in GNC Holdings by 148.2% during the first quarter. Wells Fargo & Company MN now owns 357,447 shares of the specialty retailer’s stock valued at $2,631,000 after buying an additional 213,438 shares during the period. Finally, Ameriprise Financial Inc. acquired a new position in GNC Holdings during the first quarter valued at $233,000. 65.53% of the stock is owned by institutional investors and hedge funds.
Several research firms recently weighed in on GNC. Barclays PLC upped their price target on GNC Holdings from $7.00 to $9.00 and gave the company an “underweight” rating in a research report on Friday, July 28th. Zacks Investment Research raised GNC Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Robert W. Baird reaffirmed a “hold” rating and issued a $10.00 target price on shares of GNC Holdings in a research report on Sunday, September 17th. ValuEngine raised GNC Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Bank of America Corporation lowered their price objective on GNC Holdings from $6.25 to $5.50 and set an “underperform” rating on the stock in a report on Tuesday, August 22nd. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $8.39.
Shares of GNC Holdings, Inc. (NYSE GNC) opened at 9.25 on Friday. The company’s 50-day moving average price is $9.08 and its 200 day moving average price is $8.07. GNC Holdings, Inc. has a 52 week low of $6.51 and a 52 week high of $22.32. The company’s market cap is $633.33 million.
GNC Holdings (NYSE:GNC) last announced its quarterly earnings results on Thursday, July 27th. The specialty retailer reported $0.41 earnings per share for the quarter, beating 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 business had revenue of $640.99 million for the quarter, compared to analysts’ expectations of $646.48 million. During the same quarter last year, the firm earned $0.79 EPS. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, equities analysts forecast that GNC Holdings, Inc. will post $1.36 EPS for the current fiscal year.
In other GNC Holdings news, CEO Kenneth Martindale sold 64,555 shares of GNC Holdings stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $9.28, for a total transaction of $599,070.40. Following the transaction, the chief executive officer now owns 455,001 shares of the company’s stock, valued at approximately $4,222,409.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.85% of the stock is owned by company insiders.
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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