Miller Value Partners LLC Has $325,000 Position in GNC Holdings Inc (NYSE:GNC)

Miller Value Partners LLC raised its position in shares of GNC Holdings Inc (NYSE:GNC) by 31.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 92,285 shares of the specialty retailer’s stock after acquiring an additional 22,125 shares during the quarter. Miller Value Partners LLC owned about 0.11% of GNC worth $325,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. MetLife Investment Advisors LLC boosted its position in GNC by 188.4% during the first quarter. MetLife Investment Advisors LLC now owns 33,539 shares of the specialty retailer’s stock valued at $129,000 after acquiring an additional 21,909 shares during the last quarter. Bank of New York Mellon Corp boosted its position in GNC by 7.7% during the second quarter. Bank of New York Mellon Corp now owns 345,561 shares of the specialty retailer’s stock valued at $1,217,000 after acquiring an additional 24,656 shares during the last quarter. Clinton Group Inc. acquired a new position in shares of GNC during the second quarter valued at about $105,000. Gamco Investors INC. ET AL raised its holdings in shares of GNC by 28.6% during the first quarter. Gamco Investors INC. ET AL now owns 135,000 shares of the specialty retailer’s stock valued at $521,000 after purchasing an additional 30,000 shares during the period. Finally, Swiss National Bank raised its holdings in shares of GNC by 30.3% during the second quarter. Swiss National Bank now owns 145,700 shares of the specialty retailer’s stock valued at $513,000 after purchasing an additional 33,900 shares during the period. 47.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE GNC traded down $0.03 during trading on Wednesday, hitting $4.07. 2,564,000 shares of the company traded hands, compared to its average volume of 2,982,397. GNC Holdings Inc has a fifty-two week low of $2.71 and a fifty-two week high of $8.36. The firm has a market capitalization of $347.30 million, a P/E ratio of 3.09 and a beta of 0.54. The company has a current ratio of 1.52, a quick ratio of 0.50 and a debt-to-equity ratio of -6.30.

GNC (NYSE:GNC) last announced its quarterly earnings data on Thursday, July 26th. The specialty retailer reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.06. GNC had a negative net margin of 7.06% and a negative return on equity of 57.85%. The firm had revenue of $617.94 million for the quarter, compared to analyst estimates of $607.70 million. During the same quarter in the prior year, the business earned $0.42 earnings per share. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. Equities research analysts forecast that GNC Holdings Inc will post 0.48 EPS for the current year.

GNC has been the topic of several research reports. Zacks Investment Research lowered shares of GNC from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Barclays reiterated a “sell” rating and set a $3.00 price objective on shares of GNC in a report on Friday, July 27th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $4.00.

About GNC

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

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Institutional Ownership by Quarter for GNC (NYSE:GNC)

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