GNC Holdings Sees Unusually High Options Volume (NYSE:GNC)

GNC Holdings, Inc. (NYSE:GNC) was the recipient of unusually large options trading on Friday. Stock traders acquired 1,382 call options on the stock. This represents an increase of 111% compared to the typical volume of 655 call options.

In other news, EVP Tim Mantel purchased 15,000 shares of the company’s stock in a transaction dated Wednesday, May 24th. The stock was bought at an average cost of $7.21 per share, for a total transaction of $108,150.00. Following the purchase, the executive vice president now owns 56,775 shares of the company’s stock, valued at $409,347.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert F. Moran purchased 300,000 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was purchased at an average price of $6.69 per share, with a total value of $2,007,000.00. Following the completion of the purchase, the chief executive officer now directly owns 953,271 shares in the company, valued at approximately $6,377,382.99. The disclosure for this purchase can be found here. Insiders have acquired 354,400 shares of company stock valued at $2,388,048 over the last 90 days. Corporate insiders own 0.78% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. State of New Jersey Common Pension Fund D purchased a new position in shares of GNC Holdings during the first quarter valued at approximately $14,720,000. Sessa Capital IM L.P. purchased a new position in shares of GNC Holdings during the first quarter valued at approximately $9,186,000. Quantitative Investment Management LLC increased its position in shares of GNC Holdings by 231.3% in the first quarter. Quantitative Investment Management LLC now owns 1,250,900 shares of the specialty retailer’s stock valued at $9,206,000 after buying an additional 873,300 shares during the period. Tairen Capital Ltd purchased a new position in shares of GNC Holdings during the first quarter valued at approximately $6,347,000. Finally, Shah Capital Management purchased a new position in shares of GNC Holdings during the first quarter valued at approximately $4,900,000. 83.48% of the stock is owned by hedge funds and other institutional investors.

Shares of GNC Holdings (GNC) traded down 7.12% during mid-day trading on Friday, reaching $10.17. The company’s stock had a trading volume of 5,576,628 shares. GNC Holdings has a 12 month low of $6.51 and a 12 month high of $22.32. The company’s 50-day moving average is $8.31 and its 200 day moving average is $8.05. The firm’s market cap is $696.32 million.

GNC Holdings (NYSE:GNC) last issued its quarterly earnings data on Thursday, July 27th. The specialty retailer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. The firm had revenue of $640.99 million during the quarter, compared to the consensus estimate of $646.48 million. GNC Holdings had a negative net margin of 14.56% and a positive return on equity of 285.93%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 earnings per share. On average, equities analysts anticipate that GNC Holdings will post $1.35 EPS for the current year.

Several research analysts recently issued reports on the company. Zacks Investment Research raised GNC Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Odeon Capital Group LLC reaffirmed a “sell” rating on shares of GNC Holdings in a research report on Tuesday, May 9th. Deutsche Bank AG reaffirmed a “hold” rating and set a $9.00 target price on shares of GNC Holdings in a research report on Wednesday, April 19th. Vetr lowered GNC Holdings from a “strong-buy” rating to a “buy” rating and set a $10.12 target price for the company. in a research report on Wednesday, April 19th. Finally, Barclays PLC raised their target price on GNC Holdings from $5.00 to $7.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 19th. Six research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $11.07.

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About GNC Holdings

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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