UBS Asset Management Americas Inc. reduced its position in shares of GNC Holdings Inc. (NYSE:GNC) by 15.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,067 shares of the company’s stock after selling 11,824 shares during the period. UBS Asset Management Americas Inc. owned about 0.10% of GNC Holdings worth $1,580,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. Menta Capital LLC acquired a new stake in shares of GNC Holdings during the first quarter worth approximately $240,000. Nisa Investment Advisors L.L.C. acquired a new stake in shares of GNC Holdings during the first quarter worth approximately $251,000. Kempen Capital Management N.V. increased its stake in shares of GNC Holdings by 171.2% in the first quarter. Kempen Capital Management N.V. now owns 8,018 shares of the company’s stock worth $255,000 after buying an additional 5,061 shares in the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in shares of GNC Holdings during the second quarter worth approximately $237,000. Finally, Baker Avenue Asset Management LP acquired a new stake in shares of GNC Holdings during the first quarter worth approximately $318,000. 95.92% of the stock is owned by institutional investors and hedge funds.
GNC Holdings Inc. (NYSE:GNC) traded up 0.98% on Wednesday, hitting $20.71. The company had a trading volume of 99,295 shares. The firm’s 50 day moving average price is $20.54 and its 200 day moving average price is $24.75. GNC Holdings Inc. has a 12-month low of $18.92 and a 12-month high of $41.26. The stock has a market cap of $1.42 billion, a P/E ratio of 7.76 and a beta of 0.91.
GNC Holdings (NYSE:GNC) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.79 earnings per share 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 net margin of 7.73% and a return on equity of 50.48%. GNC Holdings’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $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 business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date was Wednesday, September 14th. GNC Holdings’s dividend payout ratio is currently 29.52%.
A number of equities research analysts have issued reports on GNC shares. Zacks Investment Research raised GNC Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 30th. Jefferies Group lowered their price target on GNC Holdings from $27.00 to $20.00 and set a “hold” rating for the company in a research report on Friday, July 29th. Vetr raised GNC Holdings from a “hold” rating to a “buy” rating and set a $20.83 price target for the company in a research report on Thursday, September 29th. Deutsche Bank AG lowered their price target on GNC Holdings from $26.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, July 29th. Finally, Wedbush downgraded GNC Holdings from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $31.00 to $23.00 in a research report on Monday, August 1st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $27.37.
About GNC Holdings
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.