Mount Lucas Management LP Invests $1.09 Million in WW International, Inc. $WW

Mount Lucas Management LP acquired a new position in WW International, Inc. (NASDAQ:WW) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 40,000 shares of the company’s stock, valued at approximately $1,094,000. Mount Lucas Management LP owned about 0.40% of WW International at the end of the most recent quarter.

Separately, Covestor Ltd purchased a new position in WW International in the 3rd quarter worth approximately $101,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

WW International Stock Down 6.3%

Shares of NASDAQ:WW opened at $20.62 on Wednesday. The stock has a market cap of $205.93 million, a PE ratio of -3.56 and a beta of 1.30. The company’s fifty day moving average is $25.26 and its 200 day moving average is $27.78. WW International, Inc. has a 52 week low of $18.00 and a 52 week high of $46.95.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of WW International in a research report on Friday, January 9th. Zacks Research cut WW International from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. Finally, Wall Street Zen lowered WW International from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, WW International has an average rating of “Reduce”.

WW International Company Profile

WW International, Inc (NASDAQ: WW) is a global wellness and weight management company that provides a range of subscription-based programs, digital tools and personalized coaching services. Originally founded in 1963 by Jean Nidetch as a small support group in New York City, the company grew into the well-known Weight Watchers brand before rebranding as WW in 2018 to reflect an expanded focus on overall health, fitness and nutrition. Over the years, WW has introduced innovations such as the SmartPoints® system, which assigns values to foods based on their nutritional composition, and the MyWW® personalized wellness plan, which tailors recommendations to individual lifestyles and goals.

WW’s offerings span digital and in-person channels.