Macquarie Group Ltd. Acquires New Stake in Weight Watchers International Inc (WTW)

Macquarie Group Ltd. acquired a new position in Weight Watchers International Inc (NYSE:WTW) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 675,417 shares of the company’s stock, valued at approximately $22,572,000. Macquarie Group Ltd. owned 1.05% of Weight Watchers International as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Weight Watchers International by 0.6% in the second quarter. Vanguard Group Inc. now owns 2,382,121 shares of the company’s stock worth $79,611,000 after acquiring an additional 13,425 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Weight Watchers International by 8.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 504,438 shares of the company’s stock worth $16,859,000 after acquiring an additional 38,990 shares during the period. PDT Partners LLC acquired a new position in shares of Weight Watchers International in the second quarter worth about $16,546,000. Northern Trust Corp raised its position in shares of Weight Watchers International by 2.9% in the second quarter. Northern Trust Corp now owns 340,881 shares of the company’s stock worth $11,392,000 after acquiring an additional 9,453 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Weight Watchers International by 137.7% in the second quarter. Dimensional Fund Advisors LP now owns 260,726 shares of the company’s stock worth $8,712,000 after acquiring an additional 151,036 shares during the period. Institutional investors and hedge funds own 88.24% of the company’s stock.

Shares of Weight Watchers International Inc (NYSE:WTW) opened at 45.99 on Thursday. The firm has a market cap of $2.96 billion, a P/E ratio of 29.46 and a beta of 2.99. Weight Watchers International Inc has a 12-month low of $9.55 and a 12-month high of $49.32. The firm has a 50-day moving average of $44.39 and a 200-day moving average of $32.93.

Weight Watchers International (NYSE:WTW) last announced its earnings results on Thursday, August 3rd. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.17. The company had revenue of $341.70 million during the quarter, compared to analysts’ expectations of $329.55 million. Weight Watchers International had a net margin of 8.52% and a negative return on equity of 7.70%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share. On average, equities analysts forecast that Weight Watchers International Inc will post $1.47 earnings per share for the current fiscal year.

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WTW has been the subject of a number of analyst reports. ValuEngine upgraded shares of Weight Watchers International from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Weight Watchers International from a “hold” rating to a “strong-buy” rating and set a $54.00 price target for the company in a research report on Friday, August 18th. Finally, BidaskClub downgraded shares of Weight Watchers International from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a strong buy rating to the company’s stock. Weight Watchers International has an average rating of “Hold” and a consensus price target of $27.44.

About Weight Watchers International

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.

Institutional Ownership by Quarter for Weight Watchers International (NYSE:WTW)

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