Nationwide Fund Advisors lifted its position in GNC Holdings Inc (NYSE:GNC) by 61.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,311 shares of the specialty retailer’s stock after acquiring an additional 24,511 shares during the period. Nationwide Fund Advisors owned approximately 0.09% of GNC worth $569,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in GNC. Bayesian Capital Management LP acquired a new stake in shares of GNC in the 2nd quarter valued at approximately $102,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of GNC in the 3rd quarter valued at approximately $109,000. WFG Advisors LP raised its position in shares of GNC by 13.1% in the 2nd quarter. WFG Advisors LP now owns 14,773 shares of the specialty retailer’s stock valued at $125,000 after acquiring an additional 1,715 shares during the period. Sii Investments Inc. WI raised its position in shares of GNC by 22.5% in the 2nd quarter. Sii Investments Inc. WI now owns 23,268 shares of the specialty retailer’s stock valued at $196,000 after acquiring an additional 4,268 shares during the period. Finally, Comerica Bank raised its position in shares of GNC by 6.7% in the 2nd quarter. Comerica Bank now owns 22,443 shares of the specialty retailer’s stock valued at $201,000 after acquiring an additional 1,419 shares during the period. Institutional investors and hedge funds own 61.81% of the company’s stock.
Shares of GNC Holdings Inc (NYSE GNC) opened at $3.69 on Tuesday. The company has a debt-to-equity ratio of -55.95, a quick ratio of 0.70 and a current ratio of 2.44. The company has a market cap of $231.16, a P/E ratio of -0.68 and a beta of 0.78. GNC Holdings Inc has a fifty-two week low of $3.13 and a fifty-two week high of $11.79.
GNC (NYSE:GNC) last announced its earnings results on Thursday, October 26th. The specialty retailer reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). The company had revenue of $609.47 million for the quarter, compared to analyst estimates of $614.08 million. GNC had a negative return on equity of 133.37% and a negative net margin of 15.11%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.59 earnings per share. equities analysts anticipate that GNC Holdings Inc will post 1.28 earnings per share for the current fiscal year.
In related news, EVP Tim Mantel bought 20,000 shares of the company’s stock in a transaction on Friday, November 10th. The shares were purchased at an average cost of $5.80 per share, for a total transaction of $116,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.85% of the company’s stock.
GNC has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of GNC from a “hold” rating to a “strong sell” rating in a research report on Friday, October 27th. Barclays cut their price target on shares of GNC from $9.00 to $6.00 and set an “underweight” rating on the stock in a research report on Friday, October 27th. ValuEngine upgraded shares of GNC from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Finally, Robert W. Baird reiterated a “hold” rating and issued a $10.00 price target on shares of GNC in a research report on Sunday, September 17th. Five research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. GNC currently has an average rating of “Hold” and a consensus price target of $8.10.
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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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