Some Traders See Unusual Bullish Options Activity in GNC Holdings Inc

 Some Traders See Unusual Bullish Options Activity in GNC Holdings Inc

In today’s session GNC Holdings Inc (GNC) registered an unusually high (5,649) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious GNC increase. With 5,649 contracts traded and 19394 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: GNC161216C00022500 closed last at: $1.4 or 3.4% down. About 270,133 shares traded hands. GNC Holdings Inc (NYSE:GNC) has declined 28.80% since March 3, 2016 and is downtrending. It has underperformed by 37.14% the S&P500.

Analysts await GNC Holdings Inc (NYSE:GNC) to report earnings on November, 3. They expect $0.72 EPS, down 4.00% or $0.03 from last year’s $0.75 per share. GNC’s profit will be $50.80M for 7.38 P/E if the $0.72 EPS becomes a reality. After $0.79 actual EPS reported by GNC Holdings Inc for the previous quarter, Wall Street now forecasts -8.86% negative EPS growth.

GNC Holdings Inc (NYSE:GNC) Ratings Coverage

Out of 9 analysts covering GNC Holdings (NYSE:GNC), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. $54 is the highest target while $21 is the lowest. The $31.63 average target is 48.78% above today’s ($21.26) stock price. GNC Holdings has been the topic of 15 analyst reports since August 3, 2015 according to StockzIntelligence Inc. As per Friday, October 30, the company rating was upgraded by Stephens. Wedbush maintained GNC Holdings Inc (NYSE:GNC) rating on Friday, April 29. Wedbush has “Outperform” rating and $31 price target. The company was initiated on Thursday, April 21 by Wedbush. The firm has “Overweight” rating by Piper Jaffray given on Tuesday, May 10. The stock has “Hold” rating given by Deutsche Bank on Friday, October 30. The rating was maintained by JP Morgan with “Neutral” on Monday, November 2. The firm has “Neutral” rating given on Friday, October 23 by Sterne Agee CRT. Goldman Sachs downgraded it to “Neutral” rating and $30 target price in Friday, April 29 report. Goldman Sachs maintained GNC Holdings Inc (NYSE:GNC) rating on Wednesday, April 6. Goldman Sachs has “Buy” rating and $40 price target. As per Friday, September 23, the company rating was initiated by Barclays Capital.

According to Zacks Investment Research, “GNC Holdings, Inc. operates as a specialty retailer of nutritional products including vitamin, mineral, herbal and other specialty supplements and sports nutrition, diet and energy products. The Company offers its products under the brands- Mega Men, Ultra Mega, GNC WELLbeING, Pro Performance, Pro Performance AMP and Longevity Factors and etc. It also offers products and product information online. GNC Holdings, Inc. is based in Pittsburgh, Pennsylvania.”

Insitutional Activity: The institutional sentiment decreased to 0.9 in Q2 2016. Its down 0.15, from 1.05 in 2016Q1. The ratio dropped, as 47 funds sold all GNC Holdings Inc shares owned while 67 reduced positions. 33 funds bought stakes while 70 increased positions. They now own 64.83 million shares or 5.96% less from 68.93 million shares in 2016Q1.
The Arizona-based Biltmore Wealth Mgmt Limited Company has invested 0.45% in GNC Holdings Inc (NYSE:GNC). Scotia holds 0.02% of its portfolio in GNC Holdings Inc (NYSE:GNC) for 44,320 shares. Moreover, First Quadrant Ltd Partnership Ca has 0.04% invested in GNC Holdings Inc (NYSE:GNC) for 80,200 shares. Savings Bank Of America De has invested 0% of its portfolio in GNC Holdings Inc (NYSE:GNC). Commonwealth Equity last reported 0% of its portfolio in the stock. Los Angeles Capital Mgmt & Equity Research Inc holds 0.01% of its portfolio in GNC Holdings Inc (NYSE:GNC) for 31,609 shares. Walleye Trading Ltd Limited Liability Company, a Minnesota-based fund reported 32,100 shares. Savings Bank Of New York Mellon owns 950,658 shares or 0.01% of their US portfolio. Paloma Prtn Mngmt has 0.01% invested in the company for 41,764 shares. Kbc Nv holds 42,915 shares or 0.01% of its portfolio. Camarda Ltd Liability Corp has invested 0.66% of its portfolio in GNC Holdings Inc (NYSE:GNC). Blackrock Gp Limited holds 623,011 shares or 0.01% of its portfolio. Quantitative Invest Ltd has invested 0.03% of its portfolio in GNC Holdings Inc (NYSE:GNC). Private Cap Mngmt Limited Liability owns 364,759 shares or 1.3% of their US portfolio. Stoneridge Invest Prtn Ltd Liability Com reported 108,341 shares or 0.39% of all its holdings.

GNC Holdings, Inc. is a specialty retailer of health, wellness and performance products, including vitamins, minerals and herbal supplement products , sports nutrition products and diet products. The company has a market cap of $1.50 billion. The Firm operates in three divisions: Retail, Franchising and Manufacturing/Wholesale. It has a 7.82 P/E ratio. The Retail segment includes sales of products to clients at its company-owned stores in the United States, Canada, Puerto Rico and Ireland and through its Websites, GNC.com and LuckyVitamin.com.

GNC Company Profile

GNC Holdings, Inc., incorporated on February 5, 2007, is a specialty retailer of health, wellness and performance products, including vitamins, minerals and herbal supplement products (VMHS), sports nutrition products and diet products. The Company’s activities consist of purchasing raw materials, formulating and manufacturing products and selling the finished products. The Firm operates in three divisions: Retail, Franchising and Manufacturing/Wholesale. The Company’s brands include Mega Men, Ultra Mega, Total Lean, Pro Performance and Pro Performance AMP, Beyond Raw, GNC Puredge, GNC GenetixHD and Herbal Plus. The Firm operates its primary manufacturing facilities in South Carolina and distribution centers in Arizona, Indiana, Pennsylvania and South Carolina. The Firm makes its branded products and also merchandises various third-party products.

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