GNC Holdings Inc (GNC) EVP Purchases $108,150.00 in Stock

GNC Holdings Inc (GNC) EVP Purchases $108,150.00 in Stock

GNC Holdings Inc (NYSE GNC) traded down 2.29% during midday trading on Wednesday, hitting $7.24. The stock had a trading volume of 636,435 shares. The firm has a 50-day moving average price of $7.50 and a 200-day moving average price of $9.48. The firm’s market capitalization is $495.19 million. GNC Holdings Inc has a 1-year low of $6.51 and a 1-year high of $28.11.

GNC Holdings Inc (NYSE:GNC) EVP Tim Mantel purchased 15,000 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was purchased at an average cost of $7.21 per share, with a total value of $108,150.00. Following the purchase, the executive vice president now owns 56,775 shares in the company, valued at approximately $409,347.75. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

GNC Holdings (NYSE:GNC) last issued its earnings results on Tuesday, April 18th. The specialty retailer reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.04. GNC Holdings had a return on equity of 53.97% and a net margin of 7.35%. The company had revenue of $644.80 million during the quarter, compared to the consensus estimate of $623.03 million. During the same period in the previous year, the company posted $0.69 EPS. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that GNC Holdings Inc will post $1.35 earnings per share for the current year.

Several brokerages recently commented on GNC. Robert W. Baird reissued a “neutral” rating and issued a $12.00 price target on shares of GNC Holdings in a research note on Tuesday, February 14th. Zacks Investment Research cut GNC Holdings from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 22nd. Deutsche Bank AG reaffirmed a “hold” rating and set a $10.00 target price (down previously from $16.00) on shares of GNC Holdings in a research report on Wednesday, February 15th. Barclays PLC upped their target price on GNC Holdings from $5.00 to $7.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 19th. Finally, Vetr cut GNC Holdings from a “strong-buy” rating to a “buy” rating and set a $10.12 target price for the company. in a research report on Wednesday, April 19th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $14.56.

Hedge funds and other institutional investors have recently modified their holdings of the company. Capital Investment Counsel Inc increased its position in shares of GNC Holdings by 2.7% in the first quarter. Capital Investment Counsel Inc now owns 33,675 shares of the specialty retailer’s stock valued at $248,000 after buying an additional 900 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in GNC Holdings by 0.8% in the first quarter. Goldman Sachs Group Inc. now owns 153,115 shares of the specialty retailer’s stock valued at $1,127,000 after buying an additional 1,153 shares during the period. American International Group Inc. increased its stake in GNC Holdings by 3.3% in the first quarter. American International Group Inc. now owns 42,261 shares of the specialty retailer’s stock valued at $311,000 after buying an additional 1,362 shares during the period. California State Teachers Retirement System increased its stake in GNC Holdings by 1.0% in the third quarter. California State Teachers Retirement System now owns 145,354 shares of the specialty retailer’s stock valued at $2,968,000 after buying an additional 1,400 shares during the period. Finally, Tudor Investment Corp Et Al increased its stake in GNC Holdings by 10.7% in the fourth quarter. Tudor Investment Corp Et Al now owns 20,800 shares of the specialty retailer’s stock valued at $230,000 after buying an additional 2,010 shares during the period. Institutional investors own 76.75% of the company’s stock.

About GNC Holdings

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GNC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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