Swiss National Bank reduced its stake in shares of Weight Watchers International Inc. (NYSE:WTW) by 7.5% during the second quarter, Holdings Channel reports. The firm owned 47,100 shares of the company’s stock after selling 3,800 shares during the period. Swiss National Bank owned about 0.07% of Weight Watchers International worth $548,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. Adage Capital Partners GP L.L.C. raised its stake in Weight Watchers International by 100.0% in the first quarter. Adage Capital Partners GP L.L.C. now owns 800,000 shares of the company’s stock worth $11,624,000 after buying an additional 400,000 shares during the period. Kennedy Capital Management Inc. purchased a new stake in Weight Watchers International during the first quarter worth $3,233,000. Canada Pension Plan Investment Board raised its stake in Weight Watchers International by 6,061.1% in the first quarter. Canada Pension Plan Investment Board now owns 110,900 shares of the company’s stock worth $1,611,000 after buying an additional 109,100 shares during the period. Seven Eight Capital LLC raised its stake in Weight Watchers International by 156.1% in the first quarter. Seven Eight Capital LLC now owns 9,558 shares of the company’s stock worth $139,000 after buying an additional 5,826 shares during the period. Finally, Smith Asset Management Group LP raised its stake in Weight Watchers International by 4.3% in the second quarter. Smith Asset Management Group LP now owns 89,530 shares of the company’s stock worth $1,041,000 after buying an additional 3,700 shares during the period. 91.90% of the stock is currently owned by institutional investors.
Shares of Weight Watchers International Inc. (NYSE:WTW) traded up 0.10% during midday trading on Friday, hitting $10.20. 490,508 shares of the stock were exchanged. The firm has a 50-day moving average of $10.35 and a 200-day moving average of $12.30. Weight Watchers International Inc. has a 1-year low of $9.37 and a 1-year high of $28.05. The company has a market capitalization of $651.39 million, a P/E ratio of 21.16 and a beta of 3.17.
Weight Watchers International (NYSE:WTW) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. The company had revenue of $310 million for the quarter, compared to the consensus estimate of $318.30 million. Weight Watchers International had a net margin of 2.63% and a negative return on equity of 3.07%. The firm’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 earnings per share. On average, equities analysts expect that Weight Watchers International Inc. will post $0.94 EPS for the current year.
WTW has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Weight Watchers International from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Vetr raised shares of Weight Watchers International from a “buy” rating to a “strong-buy” rating and set a $11.83 price target on the stock in a report on Monday, October 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Weight Watchers International has a consensus rating of “Hold” and a consensus price target of $18.32.
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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