Capital Fund Management S.A. reduced its stake in GNC Holdings Inc. (NYSE:GNC) by 42.0% during the second quarter, Holdings Channel reports. The firm owned 236,608 shares of the company’s stock after selling 171,065 shares during the period. Capital Fund Management S.A.’s holdings in GNC Holdings were worth $5,747,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of GNC Holdings by 14.3% in the first quarter. Geode Capital Management LLC now owns 1,055,517 shares of the company’s stock valued at $33,512,000 after buying an additional 132,002 shares during the last quarter. HealthInvest Partners AB increased its stake in shares of GNC Holdings by 16.2% in the second quarter. HealthInvest Partners AB now owns 681,955 shares of the company’s stock valued at $16,565,000 after buying an additional 95,000 shares during the last quarter. Teachers Advisors Inc. increased its stake in shares of GNC Holdings by 7.3% in the first quarter. Teachers Advisors Inc. now owns 125,585 shares of the company’s stock valued at $3,987,000 after buying an additional 8,527 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of GNC Holdings during the first quarter valued at about $440,000. Finally, Prudential Financial Inc. boosted its position in shares of GNC Holdings by 176.8% in the first quarter. Prudential Financial Inc. now owns 2,076,460 shares of the company’s stock valued at $65,928,000 after buying an additional 1,326,320 shares during the period. 95.92% of the stock is currently owned by institutional investors and hedge funds.
GNC Holdings Inc. (NYSE:GNC) traded up 2.77% during trading on Friday, hitting $20.42. The company had a trading volume of 658,413 shares. The stock has a 50-day moving average of $20.34 and a 200-day moving average of $25.28. The stock has a market capitalization of $1.40 billion, a PE ratio of 7.65 and a beta of 1.03. GNC Holdings Inc. has a one year low of $18.92 and a one year high of $43.09.
GNC Holdings (NYSE:GNC) last released its earnings results on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. The firm earned $689.60 million during the quarter, compared to analysts’ expectations of $670.65 million. GNC Holdings had a return on equity of 50.48% and a net margin of 7.73%. The company’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 EPS. On average, equities analysts anticipate that GNC Holdings Inc. will post $2.75 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Wednesday, September 14th. GNC Holdings’s dividend payout ratio (DPR) is presently 29.52%.
A number of equities analysts recently issued reports on the company. Vetr upgraded GNC Holdings from a “hold” rating to a “buy” rating and set a $20.50 target price on the stock in a report on Monday, August 29th. Barclays PLC assumed coverage on GNC Holdings in a report on Friday, September 23rd. They issued an “equal weight” rating and a $21.00 target price on the stock. Piper Jaffray Cos. restated an “overweight” rating and issued a $38.00 target price on shares of GNC Holdings in a report on Saturday, June 25th. Zacks Investment Research upgraded GNC Holdings from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Morgan Stanley restated an “equal weight” rating and issued a $26.00 target price (down from $28.00) on shares of GNC Holdings in a report on Wednesday, June 22nd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. GNC Holdings has a consensus rating of “Hold” and an average price target of $27.45.
About GNC Holdings
GNC Holdings, Inc is a specialty retailer of health, wellness and performance products, including vitamins, minerals and herbal supplement products (VMHS), sports nutrition products and diet products. The Company operates in three segments: Retail, Franchising and Manufacturing/Wholesale. The Retail segment includes sales of products to customers at its company-owned stores in the United States, Canada, Puerto Rico and Ireland and through its Websites, GNC.com and LuckyVitamin.com.
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