GNC (GNC) Shares Gap Up to $4.36

GNC Holdings Inc (NYSE:GNC)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $4.26, but opened at $4.36. GNC shares last traded at $4.28, with a volume of 47863 shares traded.

A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of GNC from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. Buckingham Research assumed coverage on shares of GNC in a research report on Monday, October 29th. They issued a “buy” rating and a $6.00 price target for the company. Finally, Barclays reiterated a “sell” rating and issued a $3.00 price target on shares of GNC in a research report on Friday, July 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $4.50.

The stock has a market capitalization of $328.85 million, a price-to-earnings ratio of 3.18 and a beta of 0.54.

Large investors have recently modified their holdings of the stock. Spark Investment Management LLC bought a new position in shares of GNC during the second quarter worth $381,000. Price Capital Management Inc. bought a new position in shares of GNC during the second quarter worth $607,000. Bank of New York Mellon Corp boosted its position in shares of 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 worth $1,217,000 after acquiring an additional 24,656 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of GNC by 24.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 935,890 shares of the specialty retailer’s stock worth $3,295,000 after acquiring an additional 186,073 shares during the last quarter. Finally, Gabelli Funds LLC boosted its position in shares of GNC by 28.6% during the second quarter. Gabelli Funds LLC now owns 225,000 shares of the specialty retailer’s stock worth $792,000 after acquiring an additional 50,000 shares during the last quarter. Hedge funds and other institutional investors own 47.33% 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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