Biltmore Wealth Management adds GNC Holdings Inc (GNC) to its portfolio

GNC Holdings Inc (GNC) : Biltmore Wealth Management added new position in GNC Holdings Inc during the most recent quarter end. The investment management firm now holds 21,763 shares of GNC Holdings Inc which is valued at $424,596 , the company said in a statement filed on Aug 3, 2016 with the SEC.GNC Holdings Inc makes up approximately 0.36% of Biltmore Wealth Management’s portfolio.

Other Hedge Funds, Including , California Public Employees Retirement System boosted its stake in GNC in the latest quarter, The investment management firm added 10,100 additional shares and now holds a total of 239,500 shares of GNC Holdings Inc which is valued at $4,672,645. GNC Holdings Inc makes up approx 0.01% of California Public Employees Retirement System’s portfolio. Quantitative Investment Management added GNC to its portfolio by purchasing 23,900 company shares during the most recent quarter which is valued at $466,289. GNC Holdings Inc makes up approx 0.02% of Quantitative Investment Management’s portfolio. Quantitative Systematic Strategies sold out all of its stake in GNC during the most recent quarter. The investment firm sold 10,010 shares of GNC which is valued $204,304.New York State Teachers Retirement System reduced its stake in GNC by selling 400 shares or 6.25% in the most recent quarter. The Hedge Fund company now holds 6,000 shares of GNC which is valued at $164,340. Fox Run Management L.l.c. added GNC to its portfolio by purchasing 14,600 company shares during the most recent quarter which is valued at $395,660. GNC Holdings Inc makes up approx 0.18% of Fox Run Management L.l.c.’s portfolio.

GNC Holdings Inc opened for trading at $19.9 and hit $20.24 on the upside on Monday, eventually ending the session at $20.05, with a gain of 1.11% or 0.22 points. The heightened volatility saw the trading volume jump to 23,60,614 shares. Company has a market cap of $1,371 M.

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 .Piper Jaffray Initiated GNC Holdings Inc on May 10, 2016 to “Overweight”, Price Target of the shares are set at $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.

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