California Public Employees Retirement System Has $1.10 Million Position in GNC Holdings Inc (GNC)

California Public Employees Retirement System increased its holdings in shares of GNC Holdings Inc (NYSE:GNC) by 8.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 461,822 shares of the specialty retailer’s stock after purchasing an additional 37,225 shares during the quarter. California Public Employees Retirement System owned 0.55% of GNC worth $1,095,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Comerica Bank acquired a new position in GNC during the fourth quarter worth approximately $33,000. MetLife Investment Advisors LLC increased its holdings in shares of GNC by 78.9% in the third quarter. MetLife Investment Advisors LLC now owns 60,005 shares of the specialty retailer’s stock valued at $248,000 after purchasing an additional 26,466 shares during the period. Hengehold Capital Management LLC acquired a new position in shares of GNC in the fourth quarter valued at approximately $178,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of GNC in the third quarter valued at approximately $421,000. Finally, Rhumbline Advisers increased its holdings in shares of GNC by 41.3% in the fourth quarter. Rhumbline Advisers now owns 122,040 shares of the specialty retailer’s stock valued at $289,000 after purchasing an additional 35,652 shares during the period. 47.90% of the stock is owned by hedge funds and other institutional investors.

GNC traded up $0.14 during trading on Friday, reaching $2.46. 6,339,799 shares of the stock were exchanged, compared to its average volume of 1,910,563. The company has a market cap of $207.40 million, a price-to-earnings ratio of 7.24 and a beta of 0.93. GNC Holdings Inc has a 1 year low of $2.01 and a 1 year high of $4.65.

GNC (NYSE:GNC) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.03). The firm had revenue of $564.76 million for the quarter, compared to analysts’ expectations of $552.30 million. GNC had a negative return on equity of 18.44% and a net margin of 2.96%. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Equities analysts anticipate that GNC Holdings Inc will post 0.62 EPS for the current fiscal year.

GNC has been the topic of a number of recent research reports. Zacks Investment Research lowered GNC from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th. Gabelli restated a “hold” rating on shares of GNC in a research note on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $4.13.

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GNC Company Profile

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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Institutional Ownership by Quarter for GNC (NYSE:GNC)

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