Gabelli Funds LLC lifted its position in GNC Holdings Inc (NYSE:GNC) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 177,000 shares of the specialty retailer’s stock after buying an additional 8,500 shares during the quarter. Gabelli Funds LLC owned about 0.21% of GNC worth $419,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Hengehold Capital Management LLC bought a new stake in shares of GNC in the 4th quarter valued at approximately $178,000. Shah Capital Management bought a new stake in shares of GNC in the 4th quarter valued at approximately $1,896,000. Vanguard Group Inc grew its stake in shares of GNC by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 3,527,769 shares of the specialty retailer’s stock valued at $14,605,000 after buying an additional 39,577 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of GNC by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,527,769 shares of the specialty retailer’s stock valued at $14,605,000 after buying an additional 39,577 shares in the last quarter. Finally, Teachers Advisors LLC grew its stake in shares of GNC by 10.6% in the 3rd quarter. Teachers Advisors LLC now owns 240,275 shares of the specialty retailer’s stock valued at $995,000 after buying an additional 23,114 shares in the last quarter. 49.36% of the stock is owned by institutional investors and hedge funds.
GNC has been the subject of several recent research reports. Buckingham Research initiated coverage on GNC in a research note on Monday, October 29th. They issued a “buy” rating and a $6.00 price target for the company. Zacks Investment Research raised GNC from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a research report on Monday, October 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $4.50.
Shares of GNC stock opened at $2.86 on Monday. The company has a market cap of $239.93 million, a price-to-earnings ratio of 2.12 and a beta of 0.89. GNC Holdings Inc has a 12-month low of $2.14 and a 12-month high of $5.71.
GNC (NYSE:GNC) last announced its earnings results on Friday, November 9th. The specialty retailer reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The company had revenue of $580.00 million for the quarter, compared to the consensus estimate of $580.45 million. GNC had a negative return on equity of 33.50% and a negative net margin of 8.42%. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 EPS. On average, equities analysts forecast that GNC Holdings Inc will post 0.47 EPS for the current fiscal year.
GNC Holdings, Inc, together with its subsidiaries, operates as a specialty retailer of health, wellness, and performance products. It operates through three segments: U.S. and Canada, International, and Manufacturing/Wholesale. Its products include protein, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty, food and drink, and other general merchandise.
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