Lucus Advisors LLC boosted its stake in shares of GNC Holdings Inc. (NYSE:GNC) by 85.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,138 shares of the company’s stock after buying an additional 6,525 shares during the period. Lucus Advisors LLC’s holdings in GNC Holdings were worth $343,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. HealthInvest Partners AB boosted its position in 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 in the last quarter. Strs Ohio boosted its position in shares of GNC Holdings by 25.7% in the second quarter. Strs Ohio now owns 370,900 shares of the company’s stock worth $9,009,000 after buying an additional 75,900 shares during the period. Stoneridge Investment Partners LLC boosted its position 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 position 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. Finally, Fox Run Management L.L.C. bought a new position in shares of GNC Holdings during the second quarter worth approximately $355,000. Institutional investors and hedge funds own 95.92% of the company’s stock.
Shares of GNC Holdings Inc. (NYSE:GNC) traded up 2.25% on Monday, hitting $20.88. The stock had a trading volume of 2,254,201 shares. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 7.82 and a beta of 0.91. The stock has a 50 day moving average of $20.39 and a 200 day moving average of $25.13. GNC Holdings Inc. has a 12-month low of $18.92 and a 12-month high of $43.09.
GNC Holdings (NYSE:GNC) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The business earned $689.60 million during the quarter, compared to analyst estimates of $670.65 million. GNC Holdings had a return on equity of 50.48% and a net margin of 7.73%. The business’s revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 earnings per share. Equities analysts predict that GNC Holdings Inc. will post $2.75 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $0.80 annualized dividend and a yield of 3.83%. GNC Holdings’s payout ratio is 29.52%.
A number of equities analysts have recently commented on the company. Vetr upgraded GNC Holdings from a “hold” rating to a “buy” rating and set a $20.50 target price for the company in a report on Monday, August 29th. Zacks Investment Research upgraded GNC Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, September 28th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $38.00 target price on shares of GNC Holdings in a report on Saturday, June 25th. Jefferies Group dropped their target price on GNC Holdings from $27.00 to $20.00 and set a “hold” rating for the company in a report on Friday, July 29th. Finally, JPMorgan Chase & Co. reiterated 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 given 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.
GNC Holdings Company Profile
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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