GNC Holdings, Inc. (GNC) Shares Up -3.8% After Insider Buying Activity

GNC Holdings, Inc. (NYSE:GNC)’s share price shot up 3.8% on Wednesday following insider buying activity. The company traded as high as $6.28 and last traded at $5.78. 2,174,200 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 3,073,502 shares. The stock had previously closed at $6.01.

Specifically, EVP Tim Mantel purchased 20,000 shares of GNC Holdings stock in a transaction dated Friday, November 10th. The stock was purchased at an average cost of $5.80 per share, for a total transaction of $116,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Kenneth Martindale sold 64,555 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $9.28, for a total value of $599,070.40. Following the transaction, the chief executive officer now owns 455,001 shares of the company’s stock, valued at $4,222,409.28. The disclosure for this sale can be found here. 1.85% of the stock is currently owned by corporate insiders.

Several equities analysts have recently weighed in on GNC shares. Zacks Investment Research downgraded GNC Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. BidaskClub upgraded GNC Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. ValuEngine downgraded GNC Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Barclays PLC raised their price target on GNC Holdings from $7.00 to $9.00 and gave the company an “underweight” rating in a report on Friday, July 28th. Finally, Bank of America Corporation reduced their price target on GNC Holdings from $6.25 to $5.50 and set an “underperform” rating for the company in a report on Tuesday, August 22nd. Six analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $7.95.

The company has a debt-to-equity ratio of -55.95, a quick ratio of 0.70 and a current ratio of 2.44. The firm has a market cap of $414.71, a PE ratio of 5.14 and a beta of 0.86.

GNC Holdings (NYSE:GNC) last released its quarterly earnings data on Thursday, October 26th. The specialty retailer reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). GNC Holdings had a negative net margin of 15.11% and a negative return on equity of 133.37%. The business had revenue of $609.47 million for the quarter, compared to analysts’ expectations of $614.08 million. During the same period last year, the business earned $0.59 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. sell-side analysts forecast that GNC Holdings, Inc. will post 1.28 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Bayesian Capital Management LP purchased a new position in GNC Holdings in the second quarter worth about $102,000. Quantitative Systematic Strategies LLC purchased a new position in GNC Holdings in the third quarter worth about $109,000. WFG Advisors LP boosted its position in GNC Holdings by 13.1% in the second quarter. WFG Advisors LP now owns 14,773 shares of the specialty retailer’s stock worth $125,000 after purchasing an additional 1,715 shares during the last quarter. Stonebridge Capital Management Inc. purchased a new position in GNC Holdings in the second quarter worth about $128,000. Finally, Mariner Investment Group LLC purchased a new position in GNC Holdings in the second quarter worth about $169,000. 63.25% of the stock is currently owned by institutional investors.

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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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