Parametric Portfolio Associates LLC reduced its position in Weight Watchers International Inc (NYSE:WTW) by 10.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 361,413 shares of the company’s stock after selling 41,364 shares during the period. Parametric Portfolio Associates LLC owned about 0.56% of Weight Watchers International worth $12,078,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Weight Watchers International in the 2nd quarter worth approximately $234,000. BNP Paribas Arbitrage SA grew its stake in Weight Watchers International by 123.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,134 shares of the company’s stock worth $238,000 after acquiring an additional 3,936 shares during the period. McQueen Ball & Associates Inc. purchased a new stake in Weight Watchers International in the 2nd quarter worth approximately $271,000. Lebenthal Lisanti Capital Growth LLC purchased a new stake in Weight Watchers International in the 2nd quarter worth approximately $274,000. Finally, Invictus RG purchased a new stake in Weight Watchers International in the 1st quarter worth approximately $158,000. 88.24% of the stock is owned by hedge funds and other institutional investors.
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Weight Watchers International Inc (NYSE WTW) opened at 46.62 on Wednesday. Weight Watchers International Inc has a one year low of $9.55 and a one year high of $49.32. The firm has a 50 day moving average of $44.44 and a 200-day moving average of $32.84. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 29.87 and a beta of 2.99.
Weight Watchers International (NYSE:WTW) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.17. Weight Watchers International had a net margin of 8.52% and a negative return on equity of 7.70%. The business had revenue of $341.70 million for the quarter, compared to analyst estimates of $329.55 million. During the same quarter in the previous year, the business earned $0.46 earnings per share. The firm’s revenue was up 10.3% compared to the same quarter last year. Equities research analysts forecast that Weight Watchers International Inc will post $1.46 EPS for the current fiscal year.
Several analysts have commented on WTW shares. ValuEngine raised shares of Weight Watchers International from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Weight Watchers International from a “hold” rating to a “strong-buy” rating and set a $54.00 target price for the company in a research note on Friday, August 18th. Finally, BidaskClub cut shares of Weight Watchers International from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a strong buy rating to the stock. Weight Watchers International presently has a consensus rating of “Hold” and a consensus price target of $27.44.
Weight Watchers International 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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