GNC (NYSE:GNC) Shares Gap Down to $0.75

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GNC Holdings Inc (NYSE:GNC) gapped down prior to trading on Monday . The stock had previously closed at $0.78, but opened at $0.75. GNC shares last traded at $0.75, with a volume of 3,811,600 shares trading hands.

Several research firms have recently commented on GNC. Jefferies Financial Group cut GNC from a “hold” rating to an “underperform” rating and lowered their target price for the company from $2.50 to $0.50 in a research note on Tuesday, March 17th. ValuEngine cut GNC from a “sell” rating to a “strong sell” rating in a research note on Friday, March 13th.

The business has a 50 day moving average of $0.51 and a 200 day moving average of $1.72. The firm has a market capitalization of $63.83 million, a price-to-earnings ratio of -0.24 and a beta of 2.20.

GNC (NYSE:GNC) last announced its quarterly earnings data on Monday, May 11th. The specialty retailer reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.25). GNC had a negative return on equity of 4.17% and a negative net margin of 11.13%. The company had revenue of $472.58 million for the quarter, compared to analyst estimates of $475.50 million. Sell-side analysts predict that GNC Holdings Inc will post -0.5 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC acquired a new stake in shares of GNC during the fourth quarter worth $29,000. ProShare Advisors LLC bought a new position in GNC during the fourth quarter worth about $30,000. Tudor Investment Corp Et Al lifted its holdings in GNC by 58.4% during the first quarter. Tudor Investment Corp Et Al now owns 69,673 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 25,699 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in GNC during the fourth quarter worth about $40,000. Finally, AQR Capital Management LLC lifted its holdings in GNC by 70.0% during the first quarter. AQR Capital Management LLC now owns 106,685 shares of the specialty retailer’s stock worth $50,000 after acquiring an additional 43,925 shares in the last quarter. 45.63% of the stock is owned by institutional investors and hedge funds.

About GNC (NYSE:GNC)

GNC Holdings, Inc, together with its subsidiaries, operates as a specialty retailer of health, wellness, and performance products. The company operates through three segments: U.S. and Canada, International, and Manufacturing/Wholesale. Its products include proteins, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty products, food and drink products, and other general merchandise.

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