Engineers Gate Manager LP acquired a new stake in shares of Weight Watchers International, Inc. (NYSE:WTW) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,784 shares of the company’s stock, valued at approximately $1,064,000.
A number of other hedge funds have also modified their holdings of the stock. UBS Group AG lifted its stake in Weight Watchers International by 29.7% in the 1st quarter. UBS Group AG now owns 29,408 shares of the company’s stock valued at $1,874,000 after acquiring an additional 6,738 shares in the last quarter. Xact Kapitalforvaltning AB bought a new stake in Weight Watchers International in the 1st quarter valued at approximately $233,000. Allianz Asset Management GmbH lifted its stake in Weight Watchers International by 154.2% in the 1st quarter. Allianz Asset Management GmbH now owns 41,374 shares of the company’s stock valued at $2,636,000 after acquiring an additional 25,097 shares in the last quarter. Suntrust Banks Inc. bought a new stake in Weight Watchers International in the 1st quarter valued at approximately $260,000. Finally, Bank of Montreal Can bought a new stake in Weight Watchers International in the 2nd quarter valued at approximately $174,000. 91.34% of the stock is currently owned by institutional investors.
NYSE:WTW opened at $50.33 on Friday. Weight Watchers International, Inc. has a twelve month low of $41.15 and a twelve month high of $105.73.
Weight Watchers International (NYSE:WTW) last posted its quarterly earnings results on Thursday, November 1st. The company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.01. The company had revenue of $365.80 million for the quarter, compared to analyst estimates of $377.95 million. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS.
Several equities research analysts have commented on the company. Zacks Investment Research upgraded Weight Watchers International from a “sell” rating to a “hold” rating in a research note on Saturday, November 3rd. Morgan Stanley set a $69.00 price target on Weight Watchers International and gave the stock a “hold” rating in a research report on Saturday, November 3rd. JPMorgan Chase & Co. lowered their price target on Weight Watchers International from $120.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, November 2nd. KeyCorp lowered their price target on Weight Watchers International from $115.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, November 2nd. Finally, ValuEngine lowered Weight Watchers International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 8th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $93.58.
In other Weight Watchers International news, Director Denis F. Kelly bought 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were acquired at an average cost of $71.59 per share, with a total value of $286,360.00. Following the acquisition, the director now owns 42,334 shares of the company’s stock, valued at $3,030,691.06. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mindy F. Grossman bought 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The shares were acquired at an average cost of $50.10 per share, for a total transaction of $350,700.00. Following the completion of the acquisition, the insider now directly owns 48,533 shares in the company, valued at approximately $2,431,503.30. The disclosure for this purchase can be found here. Insiders have sold a total of 6,182,365 shares of company stock worth $469,742,751 in the last ninety days. Insiders own 12.31% of the company’s stock.
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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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