Nationwide Fund Advisors Decreases Stake in Weight Watchers International Inc (WTW)
Nationwide Fund Advisors lessened its position in Weight Watchers International Inc (NYSE:WTW) by 2.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,960 shares of the company’s stock after selling 369 shares during the quarter. Nationwide Fund Advisors’ holdings in Weight Watchers International were worth $533,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Karp Capital Management Corp purchased a new position in shares of Weight Watchers International in the first quarter valued at approximately $174,000. UBS Asset Management Americas Inc. purchased a new position in shares of Weight Watchers International in the first quarter valued at approximately $210,000. SG Americas Securities LLC purchased a new position in shares of Weight Watchers International in the second quarter valued at approximately $234,000. BNP Paribas Arbitrage SA lifted its position in shares of Weight Watchers International by 123.1% in the second quarter. BNP Paribas Arbitrage SA now owns 7,134 shares of the company’s stock valued at $238,000 after acquiring an additional 3,936 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new position in shares of Weight Watchers International in the first quarter valued at approximately $242,000. Institutional investors and hedge funds own 88.31% of the company’s stock.
WTW has been the subject of several recent research reports. BidaskClub cut Weight Watchers International from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. ValuEngine raised Weight Watchers International from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research cut Weight Watchers International from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.44.
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Shares of Weight Watchers International Inc (NYSE WTW) opened at $44.68 on Friday. The firm has a market cap of $2,852.35, a P/E ratio of 32.21, a P/E/G ratio of 2.04 and a beta of 2.99. The company has a quick ratio of 0.70, a current ratio of 0.79 and a debt-to-equity ratio of -1.66.
Weight Watchers International (NYSE:WTW) last released its earnings results on Thursday, August 3rd. The company reported $0.67 EPS for the quarter, beating the 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 firm had revenue of $341.70 million for the quarter, compared to analyst estimates of $329.55 million. During the same period last year, the firm earned $0.46 EPS. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. research analysts predict that Weight Watchers International Inc will post 1.45 earnings per share for the current fiscal year.
Weight Watchers International 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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