Verition Fund Management LLC raised its holdings in Weight Watchers International, Inc. (NYSE:WTW) by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,222 shares of the company’s stock after buying an additional 1,663 shares during the period. Verition Fund Management LLC’s holdings in Weight Watchers International were worth $718,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Public Employees Retirement Association of Colorado acquired a new stake in Weight Watchers International in the 4th quarter valued at $113,000. Sei Investments Co. increased its stake in Weight Watchers International by 3,364.2% in the 3rd quarter. Sei Investments Co. now owns 4,157 shares of the company’s stock valued at $181,000 after buying an additional 4,037 shares during the last quarter. Trexquant Investment LP acquired a new stake in Weight Watchers International in the 3rd quarter valued at $216,000. Virginia Retirement Systems ET AL acquired a new stake in Weight Watchers International in the 3rd quarter valued at $226,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in Weight Watchers International in the 4th quarter valued at $243,000. Hedge funds and other institutional investors own 92.08% of the company’s stock.
In related news, Director Denis F. Kelly purchased 2,200 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The shares were acquired at an average price of $62.43 per share, for a total transaction of $137,346.00. Following the purchase, the director now owns 41,852 shares in the company, valued at $2,612,820.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Oprah Winfrey sold 262,860 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $62.92, for a total transaction of $16,539,151.20. Following the completion of the transaction, the director now owns 6,009,283 shares in the company, valued at approximately $378,104,086.36. The disclosure for this sale can be found here. 15.75% of the stock is owned by insiders.
Several equities research analysts have issued reports on the stock. B. Riley lifted their price target on shares of Weight Watchers International from $65.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Craig Hallum reiterated a “buy” rating and issued a $80.00 price target (up from $70.00) on shares of Weight Watchers International in a research note on Wednesday, February 7th. ValuEngine lowered shares of Weight Watchers International from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Zacks Investment Research upgraded shares of Weight Watchers International from a “strong sell” rating to a “hold” rating in a research note on Friday, January 26th. Finally, Sidoti upgraded shares of Weight Watchers International from a “neutral” rating to a “buy” rating in a research note on Monday, March 5th. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $72.00.
Weight Watchers International, Inc. (NYSE WTW) opened at $66.31 on Tuesday. The firm has a market cap of $4,334.39, a PE ratio of 39.88, a PEG ratio of 1.73 and a beta of 3.17. Weight Watchers International, Inc. has a 52 week low of $14.12 and a 52 week high of $77.19. The company has a debt-to-equity ratio of -1.71, a quick ratio of 0.52 and a current ratio of 0.61.
Weight Watchers International (NYSE:WTW) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.06. The company had revenue of $312.50 million for the quarter, compared to analyst estimates of $309.35 million. Weight Watchers International had a net margin of 12.52% and a negative return on equity of 10.38%. research analysts predict that Weight Watchers International, Inc. will post 2.58 earnings per share for the current fiscal year.
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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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