It Seems GNC Holdings Inc Will Go Down. Had Bearish Options Activity

 It Seems GNC Holdings Inc Will Go Down. Had Bearish Options Activity

In today’s session GNC Holdings Inc (GNC) recorded an unusually high (3,083) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious GNC decrease. With 3,083 contracts traded and 5584 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: GNC161118P00020000 closed last at: $1.65 or 26.9% up. About 720,414 shares traded hands. GNC Holdings Inc (NYSE:GNC) has declined 30.10% since March 14, 2016 and is downtrending. It has underperformed by 35.71% 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 $49.52 million for 6.92 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. GNC Holdings has been the topic of 15 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, October 30 by Deutsche Bank. The stock has “Overweight” rating given by Piper Jaffray on Tuesday, May 10. The company was maintained on Monday, November 2 by Barclays Capital. The firm has “Overweight” rating by Stephens given on Friday, October 30. The firm has “Outperform” rating by Wedbush given on Thursday, April 21. The company was maintained on Monday, November 2 by JP Morgan. On Wednesday, April 6 the stock rating was maintained by Goldman Sachs with “Buy”. Wedbush maintained the shares of GNC in a report on Friday, April 29 with “Outperform” rating. Barclays Capital initiated the stock with “Equal-Weight” rating in Friday, September 23 report. The firm has “Neutral” rating given on Friday, October 23 by Sterne Agee CRT.

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 2016 Q2. Its down 0.15, from 1.05 in 2016Q1. The ratio turned negative, 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.
Capital Fund Management holds 236,608 shares or 0.05% of its portfolio. Pinebridge Investments L P, a New York-based fund reported 9,625 shares. Citadel Ltd accumulated 64,269 shares or 0% of the stock. Ig Mgmt Limited holds 0% or 623 shares in its portfolio. Quinn Opportunity Partners Llc has 1.6% invested in the company for 168,663 shares. The Ontario – Canada-based Manufacturers Life Ins Communication The has invested 0% in GNC Holdings Inc (NYSE:GNC). The New York-based Morgan Stanley has invested 0.01% in GNC Holdings Inc (NYSE:GNC). Airain Ltd owns 18,881 shares or 0.03% of their US portfolio. The New York-based Global X Mgmt Ltd has invested 0% in GNC Holdings Inc (NYSE:GNC). Aqr Capital Management Ltd Liability last reported 529,594 shares in the company. Clinton Group, a New York-based fund reported 22,155 shares. Blackrock Advsrs Ltd has 3.05 million shares for 0.08% of their US portfolio. First Tru Advsrs L P accumulated 52,909 shares or 0% of the stock. Deere & holds 0.02% or 17,483 shares in its portfolio. The Florida-based Private Mgmt Limited Liability Corporation has invested 1.3% in GNC Holdings Inc (NYSE:GNC).

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 $1.37 billion. The Firm operates in three divisions: Retail, Franchising and Manufacturing/Wholesale. It has a 7.33 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.

Another recent and important GNC Holdings Inc (NYSE:GNC) news was published by Prnewswire.com which published an article titled: “GNC Holdings, Inc. Third Quarter 2016 Earnings Release, Webcast and Conference …” on October 11, 2016.

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