Bow Street Lowers stake in GNC Holdings Inc (GNC)

GNC Holdings Inc (GNC) : Bow Street reduced its stake in GNC Holdings Inc by 0.98% during the most recent quarter end. The investment management company now holds a total of 395,626 shares of GNC Holdings Inc which is valued at $7,663,276 after selling 3,901 shares in GNC Holdings Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.GNC Holdings Inc makes up approximately 5.15% of Bow Street’s portfolio.

Other Hedge Funds, Including , Balyasny Asset Management boosted its stake in GNC in the latest quarter, The investment management firm added 6,204 additional shares and now holds a total of 17,276 shares of GNC Holdings Inc which is valued at $334,636.Teacher Retirement System Of Texas boosted its stake in GNC in the latest quarter, The investment management firm added 264 additional shares and now holds a total of 10,417 shares of GNC Holdings Inc which is valued at $208,861.Gsa Capital Partners Llp boosted its stake in GNC in the latest quarter, The investment management firm added 18,484 additional shares and now holds a total of 25,216 shares of GNC Holdings Inc which is valued at $500,033. GNC Holdings Inc makes up approx 0.03% of Gsa Capital Partners Llp’s portfolio. First Trust Advisors Lp added GNC to its portfolio by purchasing 52,909 company shares during the most recent quarter which is valued at $1,049,185.Boston Advisors reduced its stake in GNC by selling 19,770 shares or 20.9% in the most recent quarter. The Hedge Fund company now holds 74,843 shares of GNC which is valued at $2,037,975. GNC Holdings Inc makes up approx 0.05% of Boston Advisors’s portfolio.

GNC Holdings Inc closed down -0.22 points or -1.05% at $20.81 with 16,14,237 shares getting traded on Thursday. Post opening the session at $21.05, the shares hit an intraday low of $20.45 and an intraday high of $21.3 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, GNC Holdings Inc reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.78. The company had revenue of $673.20 million for the quarter, compared to analysts expectations of $669.43 million. The company’s revenue was down -2.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.79 EPS.

Many Wall Street Analysts have commented on GNC Holdings Inc. Shares were Downgraded by Wedbush on Aug 1, 2016 to ” Neutral” and Lowered the Price Target to $ 23 from a previous price target of $31 .Shares were Downgraded by Piper Jaffray on Jul 28, 2016 to ” Neutral” and Lowered the Price Target to $ 20 from a previous price target of $38 .

GNC Holdings Inc. (GNC) is a specialty retailer of health and wellness products including vitamins minerals and herbal supplement products (VMHS) sports nutrition products and diet products. Its product mix is sold under its GNC brands including Mega Men Ultra Mega Total Lean Pro Performance and Pro Performance AMP and Beyond Raw and under third-party brands. It operates in three segments: Retail Franchise and Manufacturing/Wholesale. The Company’s retail generates revenues from sales of products to customers at Company-owned stores in the United States Canada and Puerto Rico and through its Websites GNC.com LuckyVitamin.com and DiscountSupplements.com. Franchise consists of its domestic and international franchise operations and generates revenues from franchise activities through product sales to franchisees royalties on franchise retail sales and franchise fees. Manufacturing/Wholesale comprises manufacturing operations in South Carolina and its wholesale sales business.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *