Spark Investment Management LLC bought a new stake in shares of GNC Holdings Inc (NYSE:GNC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 781,377 shares of the specialty retailer’s stock, valued at approximately $2,883,000.
Several other large investors have also recently bought and sold shares of the company. American International Group Inc. purchased a new position in shares of GNC during the 4th quarter valued at approximately $169,000. Arrowstreet Capital Limited Partnership purchased a new stake in GNC in the 4th quarter worth $440,000. Virtu Financial LLC increased its holdings in GNC by 287.3% in the 4th quarter. Virtu Financial LLC now owns 74,818 shares of the specialty retailer’s stock worth $276,000 after acquiring an additional 55,501 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in GNC by 26.4% in the 4th quarter. UBS Asset Management Americas Inc. now owns 96,925 shares of the specialty retailer’s stock worth $358,000 after acquiring an additional 20,246 shares in the last quarter. Finally, Trilogy Capital Inc. purchased a new stake in GNC in the 4th quarter worth $150,000. 61.07% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently commented on GNC. ValuEngine raised shares of GNC from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of GNC from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. cut their price target on shares of GNC from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, February 14th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.77.
GNC (NYSE:GNC) last issued its quarterly earnings results on Tuesday, February 13th. The specialty retailer reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. The company had revenue of $557.74 million during the quarter, compared to analyst estimates of $568.80 million. GNC had a negative net margin of 6.07% and a negative return on equity of 120.93%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 EPS. analysts expect that GNC Holdings Inc will post 0.88 earnings per share for the current year.
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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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