BidaskClub Upgrades GNC Holdings, Inc. (NYSE:GNC) to Hold
GNC Holdings, Inc. (NYSE:GNC) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report released on Wednesday.
A number of other brokerages also recently weighed in on GNC. Deutsche Bank AG reaffirmed a “hold” rating and issued a $9.00 target price on shares of GNC Holdings in a research note on Wednesday, April 19th. Zacks Investment Research raised GNC Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Vetr lowered GNC Holdings from a “strong-buy” rating to a “buy” rating and set a $10.12 price objective for the company. in a research report on Wednesday, April 19th. Odeon Capital Group LLC reissued a “sell” rating on shares of GNC Holdings in a research report on Tuesday, May 9th. Finally, Barclays PLC raised their price objective on GNC Holdings from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Wednesday, April 19th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.97.
Shares of GNC Holdings (GNC) traded down 5.73% during mid-day trading on Wednesday, reaching $8.89. 4,325,827 shares of the company’s stock traded hands. GNC Holdings has a 12 month low of $6.51 and a 12 month high of $27.93. The firm has a 50 day moving average price of $7.97 and a 200-day moving average price of $8.09. The stock’s market cap is $608.05 million.
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In related news, CEO Robert F. Moran purchased 300,000 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The shares were bought at an average price of $6.69 per share, for a total transaction of $2,007,000.00. Following the acquisition, the chief executive officer now owns 953,271 shares of the company’s stock, valued at approximately $6,377,382.99. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Tim Mantel purchased 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were bought at an average price of $7.21 per share, for a total transaction of $108,150.00. Following the acquisition, the executive vice president now directly owns 56,775 shares in the company, valued at approximately $409,347.75. The disclosure for this purchase can be found here. Insiders have purchased a total of 354,400 shares of company stock worth $2,388,048 in the last 90 days. 0.78% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Denver Investment Advisors LLC bought a new stake in GNC Holdings during the first quarter valued at $101,000. Karp Capital Management Corp bought a new stake in GNC Holdings during the first quarter valued at $113,000. Sii Investments Inc. WI bought a new stake in GNC Holdings during the first quarter valued at $140,000. Comerica Bank bought a new stake in GNC Holdings during the first quarter valued at $167,000. Finally, Paragon Capital Management LLC bought a new stake in GNC Holdings during the first quarter valued at $181,000. Institutional investors own 82.88% of the company’s stock.
GNC Holdings Company Profile
GNC Holdings, Inc is a specialty retailer of health, wellness and performance products, which include protein, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty, food and drink and other general merchandise. The Company’s operations consist of purchasing raw materials, formulating and manufacturing products and selling the finished products.
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