Acrospire Investment Management LLC boosted its stake in shares of Weight Watchers International Inc. (NYSE:WTW) by 926.1% during the second quarter, Holdings Channel reports. The fund owned 8,753 shares of the company’s stock after buying an additional 7,900 shares during the period. Acrospire Investment Management LLC’s holdings in Weight Watchers International were worth $102,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Seven Eight Capital LLC raised its position in shares of Weight Watchers International by 156.1% in the first quarter. Seven Eight Capital LLC now owns 9,558 shares of the company’s stock valued at $139,000 after buying an additional 5,826 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Weight Watchers International by 262.6% in the second quarter. BNP Paribas Arbitrage SA now owns 13,169 shares of the company’s stock valued at $153,000 after buying an additional 9,537 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Weight Watchers International by 134.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,619 shares of the company’s stock valued at $168,000 after buying an additional 6,667 shares in the last quarter. LPL Financial LLC bought a new position in shares of Weight Watchers International during the first quarter valued at $173,000. Finally, Kellner Capital LLC bought a new position in shares of Weight Watchers International during the second quarter valued at $174,000. Institutional investors and hedge funds own 91.90% of the company’s stock.

Weight Watchers International Inc. (NYSE:WTW) traded up 2.19% during midday trading on Thursday, hitting $10.71. 578,075 shares of the stock traded hands. The stock has a market capitalization of $683.96 million, a P/E ratio of 22.22 and a beta of 2.89. The stock’s 50-day moving average price is $10.72 and its 200-day moving average price is $12.69. Weight Watchers International Inc. has a 52 week low of $5.70 and a 52 week high of $28.05.

Weight Watchers International (NYSE:WTW) last released its earnings results on Thursday, August 4th. The company reported $0.46 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. Weight Watchers International had a net margin of 2.63% and a negative return on equity of 3.07%. The company had revenue of $310 million for the quarter, compared to analyst estimates of $318.30 million. During the same quarter last year, the firm earned $0.49 EPS. The firm’s quarterly revenue was up .0% compared to the same quarter last year. Equities research analysts expect that Weight Watchers International Inc. will post $0.96 EPS for the current fiscal year.

Separately, Zacks Investment Research lowered shares of Weight Watchers International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $19.06.

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.

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