GNC Holdings Inc (GNC) : Simplex Trading scooped up 11,639 additional shares in GNC Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 25,130 shares of GNC Holdings Inc which is valued at $518,181.GNC Holdings Inc makes up approximately 0.07% of Simplex Trading’s portfolio.
Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in GNC by selling 64,593 shares or 52.83% in the most recent quarter. The Hedge Fund company now holds 57,669 shares of GNC which is valued at $1,227,773. GNC Holdings Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.
GNC Holdings Inc closed down -0.31 points or -1.48% at $20.62 with 10,83,095 shares getting traded on Friday. Post opening the session at $21, the shares hit an intraday low of $20.48 and an intraday high of $21.15 and the price fluctuated in this range throughout the day.Shares ended Friday 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.