Sanctuary Wealth Advisors LLC acquired a new position in Weight Watchers International Inc (NYSE:WTW) during the second quarter, Holdings Channel reports. The firm acquired 129,718 shares of the company’s stock, valued at approximately $4,335,000. Weight Watchers International comprises about 3.8% of Sanctuary Wealth Advisors LLC’s portfolio, making the stock its 2nd largest position.

Several other institutional investors have also bought and sold shares of WTW. Metropolitan Life Insurance Co. NY raised its position in Weight Watchers International by 14.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 20,115 shares of the company’s stock worth $230,000 after buying an additional 2,475 shares during the last quarter. McQueen Ball & Associates Inc. acquired a new position in Weight Watchers International during the second quarter worth approximately $271,000. Highbridge Capital Management LLC acquired a new position in Weight Watchers International during the first quarter worth approximately $391,000. Clinton Group Inc. acquired a new position in Weight Watchers International during the first quarter worth approximately $271,000. Finally, Kohlberg Kravis Roberts & Co. L.P. acquired a new position in Weight Watchers International during the first quarter worth approximately $3,308,000. Institutional investors and hedge funds own 85.06% of the company’s stock.

Shares of Weight Watchers International Inc (NYSE:WTW) opened at 41.39 on Monday. The firm has a market capitalization of $2.66 billion, a P/E ratio of 30.89 and a beta of 3.06. Weight Watchers International Inc has a 52-week low of $9.37 and a 52-week high of $42.20. The company’s 50-day moving average price is $33.94 and its 200-day moving average price is $22.06.

Weight Watchers International (NYSE:WTW) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.17. The firm had revenue of $341.70 million for the quarter, compared to analysts’ expectations of $329.55 million. Weight Watchers International had a net margin of 8.52% and a negative return on equity of 7.60%. The business’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. On average, equities research analysts expect that Weight Watchers International Inc will post $1.35 EPS for the current fiscal year.

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WTW has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price objective on Weight Watchers International from $13.00 to $18.00 and gave the stock an “underweight” rating in a research note on Monday, May 8th. Zacks Investment Research upgraded Weight Watchers International from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Friday, May 5th. Sidoti lowered Weight Watchers International from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 30th. ValuEngine upgraded Weight Watchers International from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub lowered Weight Watchers International from a “strong-buy” rating to a “buy” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $20.44.

In other Weight Watchers International news, insider Corinne Pollier-Bousquet sold 6,600 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $25.75, for a total value of $169,950.00. Following the transaction, the insider now directly owns 12,795 shares of the company’s stock, valued at approximately $329,471.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 15.75% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for Weight Watchers International (NYSE:WTW)

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