Weight Watchers International, Inc. (WTW) Stake Increased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its stake in shares of Weight Watchers International, Inc. (NYSE:WTW) by 1,700.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 450,000 shares of the company’s stock after buying an additional 425,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Weight Watchers International were worth $9,068,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. New Jersey Better Educational Savings Trust bought a new stake in Weight Watchers International in the 1st quarter valued at about $202,000. NJ State Employees Deferred Compensation Plan raised its stake in Weight Watchers International by 154.5% in the 1st quarter. NJ State Employees Deferred Compensation Plan now owns 28,000 shares of the company’s stock valued at $564,000 after acquiring an additional 17,000 shares during the period. Janus Henderson Group PLC raised its stake in Weight Watchers International by 12,860.6% in the 1st quarter. Janus Henderson Group PLC now owns 676,152 shares of the company’s stock valued at $13,624,000 after acquiring an additional 670,935 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in Weight Watchers International in the 1st quarter valued at about $374,000. Finally, Dupont Capital Management Corp grew its holdings in Weight Watchers International by 48.5% during the 1st quarter. Dupont Capital Management Corp now owns 39,338 shares of the company’s stock valued at $793,000 after buying an additional 12,848 shares in the last quarter. 91.34% of the stock is owned by institutional investors.

A number of research firms have weighed in on WTW. Zacks Investment Research raised Weight Watchers International from a “sell” rating to a “hold” rating in a report on Saturday, February 9th. Oppenheimer reduced their target price on Weight Watchers International from $98.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, February 15th. Bank of America lowered Weight Watchers International from a “buy” rating to an “underperform” rating and reduced their target price for the company from $60.00 to $18.00 in a report on Wednesday, February 27th. SunTrust Banks lowered Weight Watchers International from a “buy” rating to a “hold” rating and reduced their target price for the company from $68.00 to $25.00 in a report on Wednesday, February 27th. Finally, Morgan Stanley set a $21.00 target price on Weight Watchers International and gave the company a “hold” rating in a report on Friday, March 1st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $44.15.

In related news, insider Corinne Pollier-Bousquet sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $19.17, for a total value of $191,700.00. Following the completion of the sale, the insider now owns 36,183 shares in the company, valued at approximately $693,628.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mindy F. Grossman bought 12,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was purchased at an average price of $21.70 per share, with a total value of $260,400.00. The disclosure for this purchase can be found here. Insiders own 12.31% of the company’s stock.

Shares of NYSE WTW opened at $22.54 on Friday. Weight Watchers International, Inc. has a 12 month low of $17.55 and a 12 month high of $105.73.

Weight Watchers International (NYSE:WTW) last issued its quarterly earnings data on Tuesday, February 26th. The company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The business had revenue of $330.39 million for the quarter, compared to analysts’ expectations of $347.19 million.

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

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