Alliancebernstein L.P. decreased its stake in shares of Weight Watchers International Inc (NYSE:WTW) by 56.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,420 shares of the company’s stock after selling 28,500 shares during the period. Alliancebernstein L.P.’s holdings in Weight Watchers International were worth $349,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Weight Watchers International during the fourth quarter valued at about $1,363,000. Engineers Gate Manager LP increased its position in Weight Watchers International by 352.5% in the first quarter. Engineers Gate Manager LP now owns 136,438 shares of the company’s stock worth $2,124,000 after buying an additional 106,283 shares during the period. Ameriprise Financial Inc. bought a new position in Weight Watchers International during the first quarter worth $1,476,000. Bank of New York Mellon Corp increased its position in Weight Watchers International by 27.9% in the first quarter. Bank of New York Mellon Corp now owns 241,739 shares of the company’s stock worth $3,765,000 after buying an additional 52,663 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Weight Watchers International by 333.0% in the first quarter. Russell Investments Group Ltd. now owns 63,617 shares of the company’s stock worth $991,000 after buying an additional 48,924 shares during the period. 85.06% of the stock is currently owned by institutional investors.

Weight Watchers International Inc (NYSE WTW) traded up 0.82% during trading on Friday, hitting $47.98. 2,681,160 shares of the stock were exchanged. The firm has a market capitalization of $3.09 billion, a PE ratio of 30.74 and a beta of 3.06. The stock has a 50 day moving average price of $36.88 and a 200-day moving average price of $23.57. Weight Watchers International Inc has a 12-month low of $9.37 and a 12-month high of $48.40.

Weight Watchers International (NYSE:WTW) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.50 by $0.17. The business 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 7.70%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 EPS. On average, equities research analysts anticipate that Weight Watchers International Inc will post $1.46 earnings per share for the current fiscal year.

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WTW has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Weight Watchers International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 5th. ValuEngine raised shares of Weight Watchers International from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub raised shares of Weight Watchers International from a “buy” rating to a “strong-buy” rating in a research note on Friday. Sidoti downgraded shares of Weight Watchers International from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 30th. Finally, Morgan Stanley upped their price target on shares of Weight Watchers International from $13.00 to $18.00 and gave the stock an “underweight” rating in a research note on Monday, May 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.44.

In related news, insider Corinne Pollier-Bousquet sold 6,600 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $25.75, for a total value of $169,950.00. Following the sale, 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 15.75% of the company’s stock.

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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