Menta Capital LLC bought a new stake in GNC Holdings, Inc. (NYSE:GNC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 211,492 shares of the specialty retailer’s stock, valued at approximately $1,783,000. Menta Capital LLC owned approximately 0.31% of GNC Holdings as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Stonebridge Capital Management Inc. purchased a new stake in shares of GNC Holdings in the second quarter valued at about $128,000. Karp Capital Management Corp purchased a new stake in shares of GNC Holdings in the first quarter valued at about $113,000. Sii Investments Inc. WI purchased a new stake in shares of GNC Holdings in the first quarter valued at about $140,000. Mariner Investment Group LLC purchased a new stake in shares of GNC Holdings in the second quarter valued at about $169,000. Finally, Comerica Bank purchased a new stake in shares of GNC Holdings in the first quarter valued at about $167,000. 65.53% of the stock is currently owned by institutional investors and hedge funds.
Shares of GNC Holdings, Inc. (GNC) opened at 9.16 on Friday. The firm’s market cap is $627.17 million. The company has a 50 day moving average of $9.08 and a 200 day moving average of $8.07. GNC Holdings, Inc. has a 52 week low of $6.51 and a 52 week high of $22.32.
GNC Holdings (NYSE:GNC) last released its quarterly earnings results on Thursday, July 27th. The specialty retailer reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. The business had revenue of $640.99 million during the quarter, compared to analyst estimates of $646.48 million. GNC Holdings had a negative net margin of 14.56% and a positive return on equity of 285.93%. The company’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 earnings per share. On average, equities research analysts anticipate that GNC Holdings, Inc. will post $1.36 EPS for the current fiscal year.
In related news, CEO Kenneth Martindale sold 64,555 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $9.28, for a total value of $599,070.40. Following the completion of the transaction, the chief executive officer now owns 455,001 shares in the company, valued at approximately $4,222,409.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.85% of the company’s stock.
GNC has been the topic of several analyst reports. Zacks Investment Research raised shares of GNC Holdings from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a report on Tuesday, June 20th. BidaskClub downgraded shares of GNC Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. ValuEngine downgraded shares of GNC Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Barclays PLC lifted their target price on shares of GNC Holdings from $7.00 to $9.00 and gave the company an “underweight” rating in a report on Friday, July 28th. Finally, Bank of America Corporation lowered their target price on shares of GNC Holdings from $6.25 to $5.50 and set an “underperform” rating on the stock in a report on Tuesday, August 22nd. Five analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. GNC Holdings has a consensus rating of “Hold” and a consensus target price of $8.39.
GNC Holdings 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.
Receive News & Ratings for GNC Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GNC Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.