First Trust Advisors LP bought a new position in shares of Weight Watchers International Inc. (NYSE:WTW) during the second quarter, Holdings Channel reports. The fund bought 23,202 shares of the company’s stock, valued at approximately $270,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Canada Pension Plan Investment Board boosted its position 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 valued at $1,611,000 after buying an additional 109,100 shares in the last quarter. Kennedy Capital Management Inc. purchased a new position in Weight Watchers International during the first quarter valued at $3,233,000. Adage Capital Partners GP L.L.C. boosted its position 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 valued at $11,624,000 after buying an additional 400,000 shares in the last quarter. Seven Eight Capital LLC boosted its position 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 valued at $139,000 after buying an additional 5,826 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in Weight Watchers International by 262.6% in the second quarter. BNP Paribas Arbitrage SA now owns 13,169 shares of the company’s stock valued at $153,000 after buying an additional 9,537 shares in the last quarter. 91.93% of the stock is owned by hedge funds and other institutional investors.
Shares of Weight Watchers International Inc. (NYSE:WTW) traded up 0.20% during trading on Monday, hitting $10.22. The stock had a trading volume of 216,790 shares. The company has a market capitalization of $652.67 million, a price-to-earnings ratio of 21.20 and a beta of 3.17. Weight Watchers International Inc. has a 52 week low of $9.37 and a 52 week high of $28.05. The company’s 50 day moving average price is $10.35 and its 200 day moving average price is $12.30.
Weight Watchers International (NYSE:WTW) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. The business earned $310 million during the quarter, compared to the consensus estimate of $318.30 million. Weight Watchers International had a negative return on equity of 3.07% and a net margin of 2.63%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. Analysts predict that Weight Watchers International Inc. will post $0.94 earnings per share for the current year.
Several research firms recently issued reports on WTW. Zacks Investment Research upgraded Weight Watchers International from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th. Vetr lowered Weight Watchers International from a “strong-buy” rating to a “hold” rating and set a $10.24 target price on the stock. in a report on Wednesday, October 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock presently 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.