However, several companies reported good news despite the dour mood on Wall Street, and GNC Holdings (NYSE: GNC), Stratasys (NASDAQ: SSYS), and Cabela's (NYSE: CAB) were among the best performers on the day. Finally, Barclays PLC cut shares of GNC Holdings from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $15.00 to $11.00 in a report on Tuesday, December 13th. GNC Holdings comprises approximately 2.6% of Shah Capital Management's investment portfolio, making the stock its 11th largest position. Moreover, Loomis Sayles L P has 0% invested in GNC Holdings Inc (NYSE:GNC). The stock has "Hold" rating by Deutsche Bank on Friday, October 30. Sei Investments Co. raised its position in GNC Holdings by 2,718.3% in the third quarter. Pnc Financial Svcs Group invested 0% in GNC Holdings Inc (NYSE:GNC). The stock was purchased at an average price of $8.18 per share, with a total value of $1,022,500.00. Stillwater Investment Management L.P. acquired a new stake in GNC Holdings during the third quarter valued at approximately $3,196,000.
IAMGOLD Corp (USA) (NYSE:IAG) traded at a yearly high level of $5.87 during the last trading session.
GNC Holdings Inc. (GNC) has a market capitalization of 495.24 Million which suggests the company is a huge company further suggesting that the shares of GNC Holdings Inc. Hedge funds and other institutional investors own 76.75% of the company's stock.
GNC Holdings, Inc. (NYSE:GNC) tumbled -18.21% year-to-date.
GNC Holdings Inc. shares increased 8.87 percent over the past week and fell -0.28 percent over the previous month. (GNC)'s latest closing price distance was at -39.21% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 18.17% and 26.68% compared with the 20 Day Moving Average.
Although GNC Holdings reported better-than-expected results in the first quarter of 2017, the year-over-year decline on both the fronts was a huge disappointment. The company will also "continue to add long-term debt as needed to finance our expansion of original content, including in Q2'17" and plans to have around $2 billion in negative free cash flow this year. The specialty retailer reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. GNC Holdings had a net margin of 7.35% and a return on equity of 53.97%.
Revenues during the reported quarter dropped 3.6% year over year to $644.8 million.
TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Markets Daily and is the property of of Markets Daily. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & worldwide trademark & copyright laws. If the $9.68 price target is reached, the company will be worth $42.98M more. Mackenzie Financial Corp owned about 0.85% of GNC Holdings worth $11,939,000 at the end of the most recent reporting period. The company now has an average rating of "Hold" and an average target price of $17.86. Hines purchased 125,000 shares of GNC stock on February 21 at an average price of $8.17. Zacks Investment Research cut shares of GNC Holdings from a "hold" rating to a "strong sell" rating in a research report on Wednesday, February 22nd. As per Wednesday, October 12, the company rating was downgraded by JP Morgan. The company presently has a consensus rating of "Hold" and a consensus target price of $14.56. Strong earnings growth is essential to a stock's success and has the greatest impact on its future price performance. The number of shares now owned by investors are 68.56 mln. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The stock was bought at an average cost of $6.98 per share, with a total value of $209,400.00. EPS breaks down the profitability of the company on a single share basis. The disclosure for this purchase can be found here. The stock carved out a 52-week low down at $6.51.
While looking at the Stock's Performance, GNC Holdings Inc. now shows a Weekly Performance of 7.35%, where Monthly Performance is 4.73%, Quarterly performance is -33.52%, 6 Months performance is -63.9% and yearly performance percentage is -76.67%.