GNC Holdings Inc (NYSE:GNC) shares shot up 7.7% during trading on Friday . The stock traded as high as $2.99 and last traded at $2.95. 1,971,298 shares changed hands during trading, an increase of 72% from the average session volume of 1,148,162 shares. The stock had previously closed at $2.74.
Several research firms have commented on GNC. Buckingham Research began coverage on GNC in a research report on Monday, October 29th. They set a “buy” rating and a $6.00 price target on the stock. Zacks Investment Research raised GNC from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a research report on Monday, October 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. GNC currently has an average rating of “Hold” and a consensus target price of $4.50.
The stock has a market capitalization of $224.81 million, a P/E ratio of 2.19 and a beta of 0.61.
Hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC grew its stake in shares of GNC by 78.9% in the 3rd 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 last quarter. Miller Value Partners LLC grew its stake in shares of GNC by 31.5% in the 2nd quarter. Miller Value Partners LLC now owns 92,285 shares of the specialty retailer’s stock valued at $325,000 after purchasing an additional 22,125 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in shares of GNC in the 3rd quarter valued at approximately $421,000. Swiss National Bank grew its stake in shares of GNC by 30.3% in the 2nd 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 last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of GNC by 1,010.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 185,431 shares of the specialty retailer’s stock valued at $768,000 after purchasing an additional 168,733 shares during the last quarter. Institutional investors own 48.30% of the company’s stock.
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GNC Company Profile (NYSE: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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