MetLife Investment Advisors LLC lifted its position in GNC Holdings Inc (NYSE:GNC) by 188.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,539 shares of the specialty retailer’s stock after acquiring an additional 21,909 shares during the period. MetLife Investment Advisors LLC’s holdings in GNC were worth $129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bayesian Capital Management LP acquired a new position in shares of GNC in the 1st quarter valued at $380,000. Allianz Asset Management GmbH increased its position in shares of GNC by 33.7% in the 1st quarter. Allianz Asset Management GmbH now owns 141,492 shares of the specialty retailer’s stock valued at $546,000 after acquiring an additional 35,675 shares during the period. D.C. Capital Advisors Ltd increased its position in shares of GNC by 128.6% in the 1st quarter. D.C. Capital Advisors Ltd now owns 1,600,000 shares of the specialty retailer’s stock valued at $6,176,000 after acquiring an additional 900,000 shares during the period. GSA Capital Partners LLP increased its position in shares of GNC by 114.0% in the 1st quarter. GSA Capital Partners LLP now owns 165,850 shares of the specialty retailer’s stock valued at $640,000 after acquiring an additional 88,350 shares during the period. Finally, Hsbc Holdings PLC increased its position in shares of GNC by 44.2% in the 1st quarter. Hsbc Holdings PLC now owns 749,683 shares of the specialty retailer’s stock valued at $2,894,000 after acquiring an additional 229,967 shares during the period. 53.36% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:GNC opened at $3.52 on Friday. GNC Holdings Inc has a one year low of $2.90 and a one year high of $10.95. The company has a debt-to-equity ratio of -5.93, a quick ratio of 0.49 and a current ratio of 1.50. The firm has a market capitalization of $293.67 million, a price-to-earnings ratio of 2.88 and a beta of 0.83.
GNC (NYSE:GNC) last posted its quarterly earnings results on Thursday, April 26th. The specialty retailer reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. GNC had a negative net margin of 6.89% and a negative return on equity of 84.23%. The company had revenue of $607.50 million for the quarter, compared to analyst estimates of $573.32 million. During the same period in the prior year, the company earned $0.37 earnings per share. The firm’s revenue was down 7.2% on a year-over-year basis. sell-side analysts anticipate that GNC Holdings Inc will post 0.45 earnings per share for the current year.
Several equities analysts recently issued reports on GNC shares. Morgan Stanley started coverage on GNC in a research report on Wednesday, May 30th. They issued an “equal weight” rating and a $3.00 target price on the stock. Zacks Investment Research raised shares of GNC from a “sell” rating to a “hold” rating in a report on Monday, May 14th. Finally, Barclays lowered their price target on shares of GNC from $4.50 to $3.50 and set an “underweight” rating on the stock in a report on Friday, April 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $5.60.
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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