Clearline Capital Lp Lowers stake in GNC Holdings Inc (GNC)

GNC Holdings Inc (GNC) : Clearline Capital Lp reduced its stake in GNC Holdings Inc by 67.68% during the most recent quarter end. The investment management company now holds a total of 508,564 shares of GNC Holdings Inc which is valued at $9,850,885 after selling 1,064,842 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 2.27% of Clearline Capital Lp’s portfolio.

Other Hedge Funds, Including , Armistice Capital sold out all of its stake in GNC during the most recent quarter. The investment firm sold 122,000 shares of GNC which is valued $2,363,140. Bronfman E.l. Rothschild sold out all of its stake in GNC during the most recent quarter. The investment firm sold 55 shares of GNC which is valued $1,065.Pinebridge Investments reduced its stake in GNC by selling 42,543 shares or 81.55% in the most recent quarter. The Hedge Fund company now holds 9,625 shares of GNC which is valued at $186,436. GNC Holdings Inc makes up approx 0.01% of Pinebridge Investments’s portfolio.Dimensional Fund Advisors Lp boosted its stake in GNC in the latest quarter, The investment management firm added 174,743 additional shares and now holds a total of 921,509 shares of GNC Holdings Inc which is valued at $18,476,255. GNC Holdings Inc makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio.California State Teachers Retirement System reduced its stake in GNC by selling 13,825 shares or 8.76% in the most recent quarter. The Hedge Fund company now holds 143,954 shares of GNC which is valued at $2,808,543. GNC Holdings Inc makes up approx 0.01% of California State Teachers Retirement System’s portfolio.

GNC Holdings Inc opened for trading at $21.1 and hit $21.6 on the upside on Wednesday, eventually ending the session at $21.24, with a gain of 0.85% or 0.18 points. The heightened volatility saw the trading volume jump to 1,228,687 shares. Company has a market cap of $1,452 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 .

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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