GNC (NYSE:GNC) Rating Lowered to Strong Sell at ValuEngine

GNC (NYSE:GNC) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Thursday, ValuEngine reports.

NYSE GNC traded down $0.05 on Thursday, reaching $3.14. The company’s stock had a trading volume of 740,286 shares, compared to its average volume of 1,625,555. The firm has a market cap of $264.70 million, a PE ratio of 9.24, a price-to-earnings-growth ratio of 0.60 and a beta of 1.24. The business has a 50-day moving average price of $2.54 and a 200 day moving average price of $2.01. GNC has a 52 week low of $1.32 and a 52 week high of $3.50.

GNC (NYSE:GNC) last released its quarterly earnings results on Thursday, October 24th. The specialty retailer reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.04). The firm had revenue of $499.10 million during the quarter, compared to analyst estimates of $510.05 million. GNC had a net margin of 2.67% and a negative return on equity of 18.62%. GNC’s quarterly revenue was down 14.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 earnings per share. As a group, equities analysts forecast that GNC will post 0.28 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in GNC. FMR LLC boosted its position in GNC by 0.4% in the first quarter. FMR LLC now owns 7,912,006 shares of the specialty retailer’s stock valued at $21,600,000 after buying an additional 35,000 shares in the last quarter. FNY Investment Advisers LLC boosted its position in GNC by 100.0% in the second quarter. FNY Investment Advisers LLC now owns 50,000 shares of the specialty retailer’s stock valued at $75,000 after buying an additional 25,000 shares in the last quarter. SG Americas Securities LLC acquired a new position in GNC in the second quarter valued at about $110,000. Shah Capital Management boosted its position in GNC by 253.7% in the second quarter. Shah Capital Management now owns 2,829,972 shares of the specialty retailer’s stock valued at $4,244,000 after buying an additional 2,029,972 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in GNC by 4.7% in the second quarter. Gamco Investors INC. ET AL now owns 225,000 shares of the specialty retailer’s stock valued at $338,000 after buying an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 52.48% of the company’s stock.

About GNC

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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