Symons Capital Management Inc. Makes New Investment in Weight Watchers International, Inc. (NASDAQ:WW)

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Symons Capital Management Inc. acquired a new position in shares of Weight Watchers International, Inc. (NASDAQ:WW) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 5,515 shares of the company’s stock, valued at approximately $209,000.

A number of other hedge funds have also recently bought and sold shares of WW. BlackRock Inc. increased its position in shares of Weight Watchers International by 10.0% in the second quarter. BlackRock Inc. now owns 4,777,001 shares of the company’s stock worth $91,240,000 after purchasing an additional 433,790 shares during the period. Eminence Capital LP bought a new position in shares of Weight Watchers International in the second quarter worth $83,395,000. AQR Capital Management LLC increased its position in shares of Weight Watchers International by 4.7% in the second quarter. AQR Capital Management LLC now owns 2,748,009 shares of the company’s stock worth $52,308,000 after purchasing an additional 124,121 shares during the period. Northern Trust Corp increased its position in shares of Weight Watchers International by 2.4% in the second quarter. Northern Trust Corp now owns 625,124 shares of the company’s stock worth $11,939,000 after purchasing an additional 14,845 shares during the period. Finally, Chicago Capital LLC bought a new position in shares of Weight Watchers International in the third quarter worth $23,151,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Several analysts recently weighed in on the company. DA Davidson lowered Weight Watchers International from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $44.00 to $33.00 in a research note on Wednesday. ValuEngine lowered Weight Watchers International from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st. Morgan Stanley set a $25.00 price objective on Weight Watchers International and gave the company a “hold” rating in a research note on Wednesday, August 7th. KeyCorp reaffirmed a “hold” rating on shares of Weight Watchers International in a research note on Wednesday, August 7th. Finally, UBS Group raised their price objective on Weight Watchers International from $26.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Weight Watchers International has a consensus rating of “Hold” and a consensus target price of $34.64.

Shares of WW stock traded up $0.79 during mid-day trading on Friday, reaching $34.22. 1,743,700 shares of the stock traded hands, compared to its average volume of 3,069,233. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 1.46 and a beta of 2.29. Weight Watchers International, Inc. has a 1-year low of $16.71 and a 1-year high of $53.62. The stock’s fifty day simple moving average is $35.92 and its two-hundred day simple moving average is $27.22.

Weight Watchers International (NASDAQ:WW) last announced its earnings results on Tuesday, November 5th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.02. Weight Watchers International had a negative return on equity of 16.77% and a net margin of 9.50%. The company had revenue of $348.60 million for the quarter, compared to analysts’ expectations of $352.72 million. During the same quarter in the previous year, the firm earned $1.00 earnings per share. Weight Watchers International’s quarterly revenue was down 4.7% on a year-over-year basis. Equities research analysts expect that Weight Watchers International, Inc. will post 1.74 EPS for the current fiscal year.

In other news, insider Corinne Pollier-Bousquet sold 4,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $29.19, for a total transaction of $116,760.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 12.03% of the stock is owned by corporate insiders.

Weight Watchers International Company Profile

Weight Watchers International, Inc provides weight management services worldwide. The company operates in four segments: North America, Continental Europe, United Kingdom, and Other. It provides a range of products and services comprising nutritional, activity, behavioral, and lifestyle tools and approaches.

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Institutional Ownership by Quarter for Weight Watchers International (NASDAQ:WW)

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