Weight Watchers International (WTW) Shares Up 5.4%

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Weight Watchers International, Inc. (NYSE:WTW) shot up 5.4% during trading on Monday . The company traded as high as $20.07 and last traded at $18.66. 14,115,822 shares were traded during mid-day trading, an increase of 217% from the average session volume of 4,454,813 shares. The stock had previously closed at $17.70.

A number of research firms have commented on WTW. Zacks Investment Research lowered Weight Watchers International from a “hold” rating to a “sell” rating in a research report on Saturday, December 29th. Craig Hallum reiterated a “positive” rating and issued a $80.00 price target (down previously from $120.00) on shares of Weight Watchers International in a research report on Tuesday, January 8th. JPMorgan Chase & Co. lowered Weight Watchers International from an “overweight” rating to a “neutral” rating and cut their target price for the company from $70.00 to $37.00 in a research report on Friday, January 11th. TheStreet lowered Weight Watchers International from a “b-” rating to a “c+” rating in a research report on Monday, January 14th. Finally, Oppenheimer cut their target price on Weight Watchers International from $98.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, February 15th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. Weight Watchers International currently has an average rating of “Hold” and a consensus target price of $44.15.

Weight Watchers International (NYSE:WTW) last announced its earnings results on Tuesday, February 26th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. The business had revenue of $330.39 million for the quarter, compared to the consensus estimate of $347.19 million.

In other Weight Watchers International news, insider Mindy F. Grossman bought 12,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were bought at an average price of $21.70 per share, for a total transaction of $260,400.00. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Corinne Pollier-Bousquet sold 10,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $19.17, for a total value of $191,700.00. Following the sale, the insider now owns 36,183 shares in the company, valued at approximately $693,628.11. The disclosure for this sale can be found here. 12.31% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. Retirement Systems of Alabama raised its stake in Weight Watchers International by 0.7% during the 4th quarter. Retirement Systems of Alabama now owns 50,261 shares of the company’s stock worth $1,938,000 after buying an additional 325 shares during the period. Bank of Montreal Can raised its stake in Weight Watchers International by 23.5% during the 4th quarter. Bank of Montreal Can now owns 1,831 shares of the company’s stock worth $70,000 after buying an additional 348 shares during the period. Flinton Capital Management LLC raised its stake in Weight Watchers International by 12.1% during the 4th quarter. Flinton Capital Management LLC now owns 3,568 shares of the company’s stock worth $138,000 after buying an additional 384 shares during the period. Arizona State Retirement System raised its stake in Weight Watchers International by 1.4% during the 4th quarter. Arizona State Retirement System now owns 27,823 shares of the company’s stock worth $1,073,000 after buying an additional 386 shares during the period. Finally, Comerica Bank raised its stake in Weight Watchers International by 2.0% during the 4th quarter. Comerica Bank now owns 24,963 shares of the company’s stock worth $805,000 after buying an additional 497 shares during the period. 91.34% of the stock is currently owned by institutional investors and hedge funds.

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About Weight Watchers International (NYSE:WTW)

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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