Chicago Equity Partners LLC Buys 1,060 Shares of Weight Watchers (WTW)
Chicago Equity Partners LLC grew its stake in Weight Watchers (NYSE:WTW) by 3.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,860 shares of the company’s stock after purchasing an additional 1,060 shares during the period. Chicago Equity Partners LLC’s holdings in Weight Watchers were worth $2,030,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. Swiss National Bank boosted its position in Weight Watchers by 3.7% in the 1st quarter. Swiss National Bank now owns 50,500 shares of the company’s stock worth $3,218,000 after purchasing an additional 1,800 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Weight Watchers by 29.6% during the 1st quarter. Victory Capital Management Inc. now owns 607,074 shares of the company’s stock valued at $38,682,000 after buying an additional 138,724 shares in the last quarter. Trexquant Investment LP lifted its position in shares of Weight Watchers by 113.6% during the 1st quarter. Trexquant Investment LP now owns 46,359 shares of the company’s stock valued at $2,954,000 after buying an additional 24,655 shares in the last quarter. Brighton Jones LLC purchased a new position in shares of Weight Watchers during the 1st quarter valued at approximately $645,000. Finally, Dupont Capital Management Corp purchased a new position in shares of Weight Watchers during the 1st quarter valued at approximately $298,000. Institutional investors and hedge funds own 91.33% of the company’s stock.
In related news, insider Corinne Pollier-Bousquet sold 12,573 shares of the stock in a transaction on Friday, April 20th. The stock was sold at an average price of $70.00, for a total value of $880,110.00. Following the completion of the transaction, the insider now directly owns 38,146 shares of the company’s stock, valued at approximately $2,670,220. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Oprah Winfrey sold 2,359,702 shares of the stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $60.48, for a total value of $142,714,776.96. Following the completion of the transaction, the director now directly owns 6,009,283 shares of the company’s stock, valued at $363,441,435.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,635,135 shares of company stock valued at $160,134,038. 12.31% of the stock is owned by corporate insiders.
Weight Watchers (NYSE:WTW) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.06. Weight Watchers had a negative return on equity of 12.95% and a net margin of 13.85%. The firm had revenue of $312.50 million during the quarter, compared to the consensus estimate of $309.35 million. sell-side analysts expect that Weight Watchers will post 2.86 EPS for the current fiscal year.
A number of research analysts have recently issued reports on the company. SunTrust Banks assumed coverage on Weight Watchers in a research report on Tuesday. They set a “buy” rating and a $90.00 target price on the stock. Craig Hallum increased their target price on Weight Watchers from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. B. Riley increased their target price on Weight Watchers from $65.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. ValuEngine upgraded Weight Watchers from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research upgraded Weight Watchers from a “strong sell” rating to a “hold” rating in a research report on Friday, January 26th. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $91.25.
About Weight Watchers
Weight Watchers International, Inc provides weight management services worldwide. The company operates in four segments: North America, United Kingdom, Continental Europe, and Other. It offers a range of products and services comprising nutritional, activity, behavioral, and lifestyle tools and approaches.
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