Published: Fri, April 21, 2017
Economy | By Annette Adams

Shah Capital Management Takes Position in GNC Holdings Inc (GNC)

Fairview Capital Investment Management Llc owns 4.66 million shares or 12.16% of their United States portfolio. Advisors Asset Mngmt has 0% invested in GNC Holdings Inc (NYSE:GNC) for 2,029 shares. The count of Hold ratings in that period was 2.

The information disclosed under this Item 2.02, including Exhibit 99.1 hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.

Yet another important factor while evaluating a good buy/sell decision for GNC Holdings Inc. Victory Capital Management Inc. increased its stake in shares of GNC Holdings by 34.0% in the third quarter.

In related news, Director Philip E. Mallott bought 23,557 shares of the business's stock in a transaction dated Monday, February 27th. The research firm Downgrade the stock to Sell. Hsbc Holdings Public Limited Com has invested 0.01% in GNC Holdings Inc (NYSE:GNC).

Several investment firms issued their expert ratings on GNC Holdings Inc. Prudential holds 0.01% in GNC Holdings Inc (NYSE:GNC) or 359,810 shares.

GNC Holdings, Inc.'s stock is 18.88% away from its 20-Day Simple Moving Average. Goldman Sachs Group Inc lowered GNC Holdings from a "neutral" rating to a "sell" rating and set a $8.00 target price on the a report on Thursday, January 19th. For the quarter ending Sep-17, 6 analysts have a mean sales target of 617.01 million whilst for the year ending Dec-17, 10 analysts have a mean target of 2,432.55 million. GNC Holdings also was the recipient of unusually large options trading on Tuesday. Institutional investors own 76.75% of the company's stock.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.38 per share according to consensus of 8 analysts. The Return on Investment (ROI) is at -16.9% while it's Return on Equity (ROE) value stands at -130.3%. The highest EPS estimate is $0.42 and the lowest is $0.21. GNC Holdings recorded 9.3% growth in the reported quarter and its management is encouraged by the new loyalty programs under this plan.

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According to sentiments of 6 analysts the company is expected to report revenues of $627.41M for the current quarter. Vetr downgraded GNC Holdings from a "strong-buy" rating to a "buy" rating and set a $10.12 price target for the a research report on Wednesday. GNC Holdings Inc. P/E (price to earnings) ratio is 0 and Forward P/E ratio of 5.69. The stock presently has a consensus rating of "Hold" and a consensus target price of $14.56.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 3.18 on the shares of GNC Holdings Inc (NYSE:GNC). 5 have given the stock a Hold rating, 4 as Underperform and 0 as Sell. The most recent short interest data show 42.81% of the company's stock are short sold. Strong earnings growth is essential to a stock's success and has the greatest impact on its future price performance.

The TTM operating margin is -7.6%. Following the transaction, the senior vice president now directly owns 74,512 shares in the company, valued at $575,232.64. The stock was bought at an average cost of $6.98 per share, with a total value of $209,400.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 800,316 shares of company stock valued at $6,659,718 over the last three months.

Stock is now moving with a negative distance from the 200 day simple moving average of approximately -37.76%, and has a poor year to date (YTD) performance of -16.67% which means the stock is constantly subtracting to its value from the previous fiscal year end price.

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