Weight Watchers International, Inc. (WTW) Holdings Cut by Russell Investments Group Ltd.
Russell Investments Group Ltd. lowered its holdings in shares of Weight Watchers International, Inc. (NYSE:WTW) by 14.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,493 shares of the company’s stock after selling 9,766 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.09% of Weight Watchers International worth $2,591,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Sei Investments Co. boosted its position in Weight Watchers International by 3,364.2% during the third quarter. Sei Investments Co. now owns 4,157 shares of the company’s stock worth $181,000 after purchasing an additional 4,037 shares in the last quarter. Principal Financial Group Inc. purchased a new position in Weight Watchers International during the third quarter worth approximately $282,000. SG Americas Securities LLC purchased a new position in Weight Watchers International during the second quarter worth approximately $234,000. BNP Paribas Arbitrage SA boosted its position in 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 purchasing an additional 3,936 shares in the last quarter. Finally, Zacks Investment Management purchased a new position in Weight Watchers International during the second quarter worth approximately $274,000. Institutional investors own 86.49% of the company’s stock.
A number of brokerages have issued reports on WTW. B. Riley set a $65.00 price target on Weight Watchers International and gave the stock a “buy” rating in a research report on Tuesday. ValuEngine downgraded Weight Watchers International from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Zacks Investment Research downgraded Weight Watchers International from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Craig Hallum reiterated a “buy” rating and set a $70.00 price target (up previously from $50.00) on shares of Weight Watchers International in a research report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.46.
Weight Watchers International (NYSE:WTW) last announced its earnings results on Monday, November 6th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.14. Weight Watchers International had a negative return on equity of 8.81% and a net margin of 9.03%. The business had revenue of $323.70 million during the quarter, compared to analysts’ expectations of $319.40 million. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The business’s revenue was up 15.3% compared to the same quarter last year. equities research analysts expect that Weight Watchers International, Inc. will post 1.57 EPS for the current fiscal year.
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Weight Watchers International Company 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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