Bank of New York Mellon Corp lowered its stake in shares of GNC Holdings, Inc. (NYSE:GNC) by 57.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 494,040 shares of the specialty retailer’s stock after selling 660,769 shares during the period. Bank of New York Mellon Corp owned about 0.72% of GNC Holdings worth $3,636,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Tudor Investment Corp Et Al boosted its position in GNC Holdings by 10.7% in the fourth quarter. Tudor Investment Corp Et Al now owns 20,800 shares of the specialty retailer’s stock worth $230,000 after buying an additional 2,010 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in GNC Holdings by 0.5% in the first quarter. Canada Pension Plan Investment Board now owns 629,400 shares of the specialty retailer’s stock worth $4,632,000 after buying an additional 2,900 shares during the last quarter. Teachers Advisors LLC boosted its position in GNC Holdings by 0.8% in the fourth quarter. Teachers Advisors LLC now owns 494,480 shares of the specialty retailer’s stock worth $5,459,000 after buying an additional 4,108 shares during the last quarter. First Republic Investment Management Inc. bought a new position in GNC Holdings during the fourth quarter worth approximately $110,000. Finally, Verde Servicos Internacionais S.A. bought a new position in GNC Holdings during the first quarter worth approximately $293,000. 79.50% of the stock is currently owned by hedge funds and other institutional investors.

GNC Holdings, Inc. (GNC) traded down 0.60% during mid-day trading on Monday, hitting $9.93. 1,177,715 shares of the company were exchanged. The stock’s market cap is $679.89 million. GNC Holdings, Inc. has a 12 month low of $6.51 and a 12 month high of $22.32. The firm has a 50 day moving average price of $8.43 and a 200 day moving average price of $7.98.

GNC Holdings (NYSE:GNC) last released its quarterly earnings results on Thursday, July 27th. The specialty retailer reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. The firm had revenue of $640.99 million for the quarter, compared to analyst estimates of $646.48 million. GNC Holdings had a positive return on equity of 285.93% and a negative net margin of 14.56%. GNC Holdings’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 EPS. Analysts anticipate that GNC Holdings, Inc. will post $1.36 EPS for the current fiscal year.

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A number of research firms have commented on GNC. ValuEngine cut shares of GNC Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Vetr cut shares of GNC Holdings from a “strong-buy” rating to a “buy” rating and set a $10.12 target price on the stock. in a research report on Wednesday, April 19th. BidaskClub cut shares of GNC Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Odeon Capital Group LLC reaffirmed a “sell” rating on shares of GNC Holdings in a research report on Tuesday, May 9th. Finally, Barclays PLC boosted their price target on shares of GNC Holdings from $5.00 to $7.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 19th. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $9.58.

In other GNC Holdings news, CEO Robert F. Moran acquired 300,000 shares of the company’s stock in a transaction on Friday, May 12th. The shares were bought at an average cost of $6.69 per share, for a total transaction of $2,007,000.00. Following the acquisition, the chief executive officer now directly owns 953,271 shares of the company’s stock, valued at $6,377,382.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Tim Mantel acquired 15,000 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were acquired at an average price of $7.21 per share, for a total transaction of $108,150.00. Following the completion of the acquisition, the executive vice president now directly owns 56,775 shares in the company, valued at $409,347.75. The disclosure for this purchase can be found here. Insiders have purchased a total of 354,400 shares of company stock worth $2,388,048 over the last three months. 1.85% of the stock is currently owned by corporate insiders.

GNC Holdings Company Profile

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.

Institutional Ownership by Quarter for GNC Holdings (NYSE:GNC)

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