Quinn Opportunity Partners adds GNC Holdings Inc (GNC) to its portfolio

GNC Holdings Inc (GNC) : Quinn Opportunity Partners added new position in GNC Holdings Inc during the most recent quarter end. The investment management firm now holds 168,663 shares of GNC Holdings Inc which is valued at $3,267,002 , the company said in a statement filed on Aug 15, 2016 with the SEC.GNC Holdings Inc makes up approximately 1.18% of Quinn Opportunity Partners’s portfolio.

Other Hedge Funds, Including , Parallax Volatility Advisers added GNC to its portfolio by purchasing 12,960 company shares during the most recent quarter which is valued at $251,035. GNC Holdings Inc makes up approx 0.01% of Parallax Volatility Advisers’s portfolio. Mitra Capital added GNC to its portfolio by purchasing 156,174 company shares during the most recent quarter which is valued at $3,025,090. GNC Holdings Inc makes up approx 4.74% of Mitra Capital’s portfolio.Blackrock Advisors boosted its stake in GNC in the latest quarter, The investment management firm added 447,519 additional shares and now holds a total of 3,052,911 shares of GNC Holdings Inc which is valued at $59,134,886. GNC Holdings Inc makes up approx 0.06% of Blackrock Advisors’s portfolio.Impax Asset Management Ltd boosted its stake in GNC in the latest quarter, The investment management firm added 95,500 additional shares and now holds a total of 199,551 shares of GNC Holdings Inc which is valued at $3,837,366. GNC Holdings Inc makes up approx 0.18% of Impax Asset Management Ltd’s portfolio. Biltmore Wealth Management added GNC to its portfolio by purchasing 21,763 company shares during the most recent quarter which is valued at $424,596. GNC Holdings Inc makes up approx 0.36% of Biltmore Wealth Management’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.

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