Strs Ohio boosted its position in shares of GNC Holdings Inc. (NYSE:GNC) by 25.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 370,900 shares of the company’s stock after buying an additional 75,900 shares during the period. Strs Ohio’s holdings in GNC Holdings were worth $9,009,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in GNC. Stoneridge Investment Partners LLC boosted its stake in shares of GNC Holdings by 59.0% in the second quarter. Stoneridge Investment Partners LLC now owns 108,341 shares of the company’s stock worth $2,632,000 after buying an additional 40,183 shares during the period. Old Mutual Global Investors UK Ltd. boosted its stake in shares of GNC Holdings by 186.5% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 458,126 shares of the company’s stock worth $11,127,000 after buying an additional 298,219 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of GNC Holdings during the second quarter worth approximately $355,000. BlueMountain Capital Management LLC purchased a new stake in shares of GNC Holdings during the first quarter worth approximately $498,000. Finally, Royal Bank of Canada boosted its stake in shares of GNC Holdings by 49.4% in the first quarter. Royal Bank of Canada now owns 27,575 shares of the company’s stock worth $875,000 after buying an additional 9,118 shares during the period. 95.92% of the stock is owned by hedge funds and other institutional investors.
Shares of GNC Holdings Inc. (NYSE:GNC) traded up 2.77% during mid-day trading on Friday, hitting $20.42. The company’s stock had a trading volume of 658,413 shares. GNC Holdings Inc. has a 52-week low of $18.92 and a 52-week high of $43.09. The stock’s 50 day moving average price is $20.35 and its 200 day moving average price is $25.25. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 7.65 and a beta of 1.03.
GNC Holdings (NYSE:GNC) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.01. The company had revenue of $689.60 million for the quarter, compared to the consensus estimate of $670.65 million. GNC Holdings had a return on equity of 50.48% and a net margin of 7.73%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.79 EPS. Equities analysts forecast that GNC Holdings Inc. will post $2.75 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were paid a $0.20 dividend. The ex-dividend date was Wednesday, September 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.92%. GNC Holdings’s payout ratio is currently 29.52%.
A number of brokerages have commented on GNC. Vetr raised GNC Holdings from a “hold” rating to a “buy” rating and set a $20.83 price objective for the company in a research note on Thursday. Zacks Investment Research upgraded GNC Holdings from a “sell” rating to a “hold” rating in a report on Wednesday. Barclays PLC initiated 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. Wedbush lowered GNC Holdings from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $31.00 to $23.00 in a report on Monday, August 1st. Finally, JPMorgan Chase & Co. restated a “hold” rating and issued a $25.00 target price on shares of GNC Holdings in a report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus 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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