Capital Growth Management LP purchased a new stake in shares of Weight Watchers International Inc (NYSE:WTW) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 75,000 shares of the company’s stock, valued at approximately $2,506,000. Capital Growth Management LP owned approximately 0.12% of Weight Watchers International at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in WTW. Teachers Advisors LLC raised its position in Weight Watchers International by 5.0% during the fourth quarter. Teachers Advisors LLC now owns 47,000 shares of the company’s stock valued at $538,000 after acquiring an additional 2,217 shares in the last quarter. Russell Investments Group Ltd. raised its position in Weight Watchers International by 333.0% during the first quarter. Russell Investments Group Ltd. now owns 63,617 shares of the company’s stock valued at $991,000 after acquiring an additional 48,924 shares in the last quarter. Bank of New York Mellon Corp raised its position in Weight Watchers International by 27.9% during the first quarter. Bank of New York Mellon Corp now owns 241,739 shares of the company’s stock valued at $3,765,000 after acquiring an additional 52,663 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new position in Weight Watchers International during the first quarter valued at approximately $210,000. Finally, Karp Capital Management Corp purchased a new position in Weight Watchers International during the first quarter valued at approximately $174,000. Institutional investors own 88.24% of the company’s stock.
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Shares of Weight Watchers International Inc (NYSE WTW) traded down 0.9949% during mid-day trading on Wednesday, reaching $42.7009. The company’s stock had a trading volume of 477,449 shares. The company’s 50 day moving average price is $44.36 and its 200-day moving average price is $29.79. Weight Watchers International Inc has a 1-year low of $9.55 and a 1-year high of $49.32. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 27.3548 and a beta of 3.03.
Weight Watchers International (NYSE:WTW) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.17. The firm had revenue of $341.70 million during the quarter, compared to the consensus estimate of $329.55 million. Weight Watchers International had a negative return on equity of 7.70% and a net margin of 8.52%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 EPS. Analysts predict that Weight Watchers International Inc will post $1.46 earnings per share for the current fiscal year.
Several research analysts recently weighed in on WTW shares. ValuEngine upgraded Weight Watchers International from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub cut Weight Watchers International from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Zacks Investment Research cut Weight Watchers International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Sidoti cut Weight Watchers International from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 30th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. Weight Watchers International presently has an average rating of “Hold” and an average price target of $27.44.
Weight Watchers International Company Profile
Weight Watchers International, Inc is a provider of weight management services. The Company operates globally through a network of Company-owned and franchise operations. The Company’s branded products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications.
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