Russell Investments Group Ltd. raised its holdings in shares of Weight Watchers International, Inc. (NYSE:WTW) by 89.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,855 shares of the company’s stock after purchasing an additional 9,823 shares during the period. Russell Investments Group Ltd.’s holdings in Weight Watchers International were worth $1,502,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. Cerebellum GP LLC acquired a new position in shares of Weight Watchers International during the third quarter valued at $137,000. First Hawaiian Bank acquired a new stake in Weight Watchers International in the third quarter worth about $138,000. Bank of Montreal Can acquired a new stake in Weight Watchers International in the second quarter worth about $174,000. Evanston Investments Inc. dba Evanston Advisors acquired a new stake in Weight Watchers International in the second quarter worth about $202,000. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in Weight Watchers International in the third quarter worth about $202,000. Hedge funds and other institutional investors own 91.34% of the company’s stock.
In other Weight Watchers International news, insider Mindy F. Grossman purchased 7,000 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was bought at an average cost of $50.10 per share, with a total value of $350,700.00. Following the acquisition, the insider now owns 48,533 shares of the company’s stock, valued at $2,431,503.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Corinne Pollier-Bousquet sold 2,019 shares of the company’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $51.26, for a total transaction of $103,493.94. Following the completion of the sale, the insider now directly owns 26,183 shares of the company’s stock, valued at $1,342,140.58. The disclosure for this sale can be found here. 12.31% of the stock is currently owned by corporate insiders.
WTW stock opened at $49.35 on Friday. Weight Watchers International, Inc. has a fifty-two week low of $43.64 and a fifty-two week high of $105.73.
Weight Watchers International (NYSE:WTW) last issued its quarterly earnings results on Thursday, November 1st. The company reported $1.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.01. The business had revenue of $365.80 million during the quarter, compared to analyst estimates of $377.95 million. During the same period in the previous year, the company posted $0.65 earnings per share. Weight Watchers International’s revenue was up 13.0% compared to the same quarter last year.
WTW has been the subject of several research analyst reports. Morgan Stanley initiated coverage on shares of Weight Watchers International in a report on Thursday, September 13th. They issued an “equal weight” rating and a $76.00 price objective for the company. JPMorgan Chase & Co. set a $120.00 price objective on shares of Weight Watchers International and gave the stock a “buy” rating in a report on Tuesday, October 2nd. Goldman Sachs Group initiated coverage on shares of Weight Watchers International in a report on Tuesday, September 4th. They issued a “neutral” rating and a $73.00 price objective for the company. Zacks Investment Research downgraded shares of Weight Watchers International from a “strong-buy” rating to a “hold” rating in a report on Saturday, October 13th. Finally, Bank of America reduced their price objective on shares of Weight Watchers International from $105.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, October 4th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $93.58.
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Weight Watchers International Company 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.
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