First Hawaiian Bank Takes Position in Weight Watchers International, Inc. (WTW)

First Hawaiian Bank acquired a new position in shares of Weight Watchers International, Inc. (NYSE:WTW) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,920 shares of the company’s stock, valued at approximately $138,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of Montreal Can acquired a new position in shares of Weight Watchers International during the second quarter worth about $174,000. Cerebellum GP LLC purchased a new stake in shares of Weight Watchers International during the third quarter worth about $137,000. Evanston Investments Inc. dba Evanston Advisors purchased a new stake in shares of Weight Watchers International during the second quarter worth about $202,000. Verition Fund Management LLC purchased a new stake in shares of Weight Watchers International during the second quarter worth about $229,000. Finally, First Mercantile Trust Co. purchased a new stake in shares of Weight Watchers International during the second quarter worth about $258,000. Institutional investors own 91.34% of the company’s stock.

Shares of NYSE WTW opened at $48.13 on Friday. Weight Watchers International, Inc. has a 1 year low of $41.15 and a 1 year high of $105.73.

Weight Watchers International (NYSE:WTW) last announced its earnings results on Thursday, November 1st. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.01. The business had revenue of $365.80 million for the quarter, compared to analysts’ expectations of $377.95 million. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 earnings per share.

A number of brokerages have recently issued reports on WTW. Zacks Investment Research raised Weight Watchers International from a “sell” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. dropped their target price on Weight Watchers International from $120.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday. KeyCorp dropped their target price on Weight Watchers International from $115.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday. ValuEngine lowered Weight Watchers International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 8th. Finally, Bank of America dropped their target price on Weight Watchers International from $95.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $94.17.

In related news, insider Corinne Pollier-Bousquet sold 2,500 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $80.00, for a total value of $200,000.00. Following the completion of the sale, the insider now directly owns 29,456 shares of the company’s stock, valued at $2,356,480. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Nicholas P. Hotchkin sold 131,466 shares of the business’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $75.66, for a total value of $9,946,717.56. Following the completion of the sale, the chief financial officer now directly owns 99,311 shares of the company’s stock, valued at $7,513,870.26. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,195,223 shares of company stock valued at $470,747,775. 12.31% of the stock is owned by corporate insiders.

Weight Watchers International Company Profile

Weight Watchers International, Inc provides weight management services worldwide. The company operates in four segments: North America, United Kingdom, Continental Europe, and Other. It offers a range of products and services comprising nutritional, activity, behavioral, and lifestyle tools and approaches.

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

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