Healthinvest Partners Ab Lowers stake in GNC Holdings Inc (GNC)

GNC Holdings Inc (GNC) : Healthinvest Partners Ab reduced its stake in GNC Holdings Inc by 28.52% during the most recent quarter end. The investment management company now holds a total of 586,955 shares of GNC Holdings Inc which is valued at $20,296,904 after selling 234,235 shares in GNC Holdings Inc , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.GNC Holdings Inc makes up approximately 8.59% of Healthinvest Partners Ab’s portfolio.

GNC Holdings Inc opened for trading at $34.35 and hit $34.79 on the upside on Friday, eventually ending the session at $34.58, with a gain of 0.46% or 0.16 points. The heightened volatility saw the trading volume jump to 6,44,395 shares. Company has a market cap of $2,567 M.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in GNC during the most recent quarter. The investment firm sold 14,445 shares of GNC which is valued $473,796. Santa Fe Partners sold out all of its stake in GNC during the most recent quarter. The investment firm sold 54,936 shares of GNC which is valued $1,801,901. Integral Derivatives sold out all of its stake in GNC during the most recent quarter. The investment firm sold 12,262 shares of GNC which is valued $402,194. Central Trust Co sold out all of its stake in GNC during the most recent quarter. The investment firm sold 500 shares of GNC which is valued $16,400. Proficio Capital Partners added GNC to its portfolio by purchasing 8 company shares during the most recent quarter which is valued at $249.

On the company’s financial health, GNC Holdings Inc reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 11, 2016. Analyst had a consensus of $0.62. The company had revenue of $618.20 million for the quarter, compared to analysts expectations of $621.86 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.

Many Wall Street Analysts have commented on GNC Holdings Inc. Wedbush Initiated GNC Holdings Inc on Apr 21, 2016 to “Outperform”, Price Target of the shares are set at $40.

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.

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