Alpine Partners VI LLC Invests $122,000 in Weight Watchers International Inc. (WTW)
Alpine Partners VI LLC bought a new position in shares of Weight Watchers International Inc. (NYSE:WTW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,496 shares of the company’s stock, valued at approximately $122,000.
Several other large investors also recently bought and sold shares of WTW. FMR LLC raised its stake in Weight Watchers International by 0.3% in the second quarter. FMR LLC now owns 9,569,152 shares of the company’s stock worth $111,289,000 after buying an additional 27,000 shares during the period. Vanguard Group Inc. raised its stake in Weight Watchers International by 13.1% in the second quarter. Vanguard Group Inc. now owns 2,214,781 shares of the company’s stock worth $25,758,000 after buying an additional 256,206 shares during the period. Adage Capital Partners GP L.L.C. raised its stake in Weight Watchers International by 100.0% in the first quarter. Adage Capital Partners GP L.L.C. now owns 800,000 shares of the company’s stock worth $11,624,000 after buying an additional 400,000 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in Weight Watchers International by 9.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 760,050 shares of the company’s stock worth $8,839,000 after buying an additional 68,112 shares during the period. Finally, Hussman Strategic Advisors Inc. raised its stake in Weight Watchers International by 20.0% in the second quarter. Hussman Strategic Advisors Inc. now owns 600,000 shares of the company’s stock worth $6,978,000 after buying an additional 100,000 shares during the period. Institutional investors and hedge funds own 91.90% of the company’s stock.
Shares of Weight Watchers International Inc. (NYSE:WTW) opened at 10.30 on Monday. The firm has a market cap of $657.78 million, a price-to-earnings ratio of 21.37 and a beta of 3.17. The firm’s 50-day moving average price is $10.46 and its 200-day moving average price is $12.40. Weight Watchers International Inc. has a 52 week low of $6.68 and a 52 week high of $28.05.
Weight Watchers International (NYSE:WTW) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. Weight Watchers International had a negative return on equity of 3.07% and a net margin of 2.63%. The firm had revenue of $310 million for the quarter, compared to analyst estimates of $318.30 million. During the same period in the previous year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up .0% compared to the same quarter last year. Equities research analysts expect that Weight Watchers International Inc. will post $0.94 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on WTW shares. Zacks Investment Research upgraded Weight Watchers International from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. Vetr upgraded Weight Watchers International from a “buy” rating to a “strong-buy” rating and set a $11.83 target price for the company in a research note on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $18.55.
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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