Louisiana State Employees Retirement System Buys Shares of 10,600 Weight Watchers International, Inc. (WTW)

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Louisiana State Employees Retirement System bought a new stake in shares of Weight Watchers International, Inc. (NYSE:WTW) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 10,600 shares of the company’s stock, valued at approximately $763,000.

A number of other large investors have also made changes to their positions in WTW. FMR LLC boosted its stake in Weight Watchers International by 24.7% during the 2nd quarter. FMR LLC now owns 8,732,146 shares of the company’s stock valued at $882,820,000 after purchasing an additional 1,729,188 shares during the period. Eagle Asset Management Inc. bought a new stake in Weight Watchers International during the 2nd quarter valued at approximately $83,761,000. Carillon Tower Advisers Inc. bought a new stake in Weight Watchers International during the 2nd quarter valued at approximately $73,424,000. BlackRock Inc. boosted its stake in Weight Watchers International by 38.0% during the 2nd quarter. BlackRock Inc. now owns 2,526,524 shares of the company’s stock valued at $255,432,000 after purchasing an additional 696,255 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC boosted its stake in Weight Watchers International by 61.2% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,820,283 shares of the company’s stock valued at $184,031,000 after purchasing an additional 691,418 shares during the period. Hedge funds and other institutional investors own 91.34% of the company’s stock.

Weight Watchers International stock opened at $66.43 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of -1.77. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 40.26, a PEG ratio of 1.07 and a beta of 2.96. Weight Watchers International, Inc. has a 12 month low of $41.15 and a 12 month high of $105.73.

Weight Watchers International (NYSE:WTW) last posted its quarterly earnings results on Monday, August 6th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.88 by $0.13. The firm had revenue of $409.70 million during the quarter, compared to analysts’ expectations of $409.49 million. Weight Watchers International had a negative return on equity of 16.18% and a net margin of 14.96%. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 EPS. As a group, analysts expect that Weight Watchers International, Inc. will post 2.98 earnings per share for the current fiscal year.

Several brokerages recently weighed in on WTW. Morgan Stanley began coverage on Weight Watchers International in a research note on Thursday, September 13th. They set an “equal weight” rating and a $76.00 target price for the company. ValuEngine downgraded Weight Watchers International from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. B. Riley increased their target price on Weight Watchers International from $103.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. Goldman Sachs Group began coverage on Weight Watchers International in a research note on Tuesday, September 4th. They set a “neutral” rating and a $73.00 target price for the company. Finally, JPMorgan Chase & Co. set a $120.00 target price on Weight Watchers International and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Weight Watchers International has an average rating of “Buy” and an average price target of $101.25.

In other news, Director Denis F. Kelly purchased 4,000 shares of the business’s stock in a transaction on Wednesday, August 15th. The stock was purchased at an average price of $71.59 per share, with a total value of $286,360.00. Following the acquisition, the director now directly owns 42,334 shares in the company, valued at approximately $3,030,691.06. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Philippe Amouyal sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $75.59, for a total value of $566,925.00. Following the completion of the transaction, the director now directly owns 54,269 shares of the company’s stock, valued at approximately $4,102,193.71. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,195,223 shares of company stock valued at $470,747,775. Insiders own 12.31% of the company’s stock.

Weight Watchers International Profile

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.

See Also: Earnings Per Share

Want to see what other hedge funds are holding WTW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weight Watchers International, Inc. (NYSE:WTW).

Institutional Ownership by Quarter for Weight Watchers International (NYSE:WTW)

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