5 Best Food Stocks to Buy Now

3. GNC Holdings Inc. (NYSE:GNC)

Investors with Long Positions (as of June 30): 40

Aggregate Value of Investors’ Holdings (as of June 30): $1.04 Billion

GNC Holdings Inc. (NYSE:GNC) received quite some attention from the hedge fund industry during the second quarter, as the number of top money managers invested in the stock was up by 12 quarter-over-quarter, stockpiling 27% of the company’s shares. The value of their investments climbed $51.90 million over this period. A little more than a month ago, GNC revealed its updated share repurchasing program, under which the company is set to repurchase up to $500 million of its Class A common stock. This might theoretically point to the fact the GNC’s stock is trading at undervalued levels at the moment after losing almost 5% since the beginning of 2015. Ricky Sandler’s Eminence Capital uplifted its GNC Holdings Inc. (NYSE:GNC) stake by 27% during the last quarter to 5.78 million shares.

Follow Gnc Holdings Inc. (NYSE:GNCIQ)