USA Financial Portformulas Corp Buys New Position in Weight Watchers International Inc (WTW)
USA Financial Portformulas Corp bought a new stake in Weight Watchers International Inc (NYSE:WTW) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 25,674 shares of the company’s stock, valued at approximately $858,000.
Other hedge funds also recently modified their holdings of the company. Invictus RG acquired a new position in Weight Watchers International in the first quarter valued at approximately $158,000. Karp Capital Management Corp acquired a new position in shares of Weight Watchers International during the first quarter worth approximately $174,000. UBS Asset Management Americas Inc. acquired a new position in shares of Weight Watchers International during the first quarter worth approximately $210,000. SG Americas Securities LLC acquired a new position in shares of Weight Watchers International during the second quarter worth approximately $234,000. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Weight Watchers International by 123.1% during the second quarter. BNP Paribas Arbitrage SA now owns 7,134 shares of the company’s stock worth $238,000 after buying an additional 3,936 shares during the period. Institutional investors own 88.24% of the company’s stock.
Several equities analysts have recently issued reports on WTW shares. Zacks Investment Research downgraded Weight Watchers International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 5th. ValuEngine upgraded Weight Watchers International from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, BidaskClub upgraded Weight Watchers International from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $27.44.
Shares of Weight Watchers International Inc (WTW) traded up 0.2538% during trading on Tuesday, hitting $46.6882. The stock had a trading volume of 430,978 shares. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 29.9092 and a beta of 2.99. Weight Watchers International Inc has a one year low of $9.55 and a one year high of $49.32. The stock’s 50-day moving average price is $44.16 and its 200 day moving average price is $33.49.
Weight Watchers International (NYSE:WTW) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.17. Weight Watchers International had a net margin of 8.52% and a negative return on equity of 7.70%. The business had revenue of $341.70 million for the quarter, compared to analysts’ expectations of $329.55 million. During the same period in the prior year, the firm earned $0.46 earnings per share. Weight Watchers International’s revenue was up 10.3% compared to the same quarter last year. On average, equities analysts forecast that Weight Watchers International Inc will post $1.47 EPS for the current year.
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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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