Cooper Creek Partners Management LLC Raises Stock Holdings in WW International, Inc. $WW

Cooper Creek Partners Management LLC raised its position in shares of WW International, Inc. (NASDAQ:WW) by 50.1% during the 1st quarter, Holdings Channel reports. The firm owned 975,419 shares of the company’s stock after buying an additional 325,434 shares during the quarter. Cooper Creek Partners Management LLC owned about 0.10% of WW International worth $13,402,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of WW. Invesco Senior Secured Management Inc. ADV purchased a new stake in WW International in the fourth quarter valued at approximately $4,989,000. Marshall Wace LLP purchased a new position in WW International during the 4th quarter worth approximately $1,108,000. Quinn Opportunity Partners LLC purchased a new position in WW International during the 4th quarter worth approximately $1,010,000. Geode Capital Management LLC lifted its stake in WW International by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 113,610 shares of the company’s stock valued at $3,321,000 after acquiring an additional 4,251 shares during the period. Finally, Tudor Investment Corp ET AL acquired a new stake in WW International during the 3rd quarter valued at approximately $528,000. 86.18% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Eugene I. Davis bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was purchased at an average cost of $14.73 per share, for a total transaction of $147,300.00. Following the purchase, the director directly owned 21,648 shares in the company, valued at approximately $318,875.04. This trade represents a 85.85% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have acquired 23,148 shares of company stock valued at $314,835. Insiders own 0.39% of the company’s stock.

WW International Trading Down 1.5%

Shares of WW stock opened at $13.34 on Friday. WW International, Inc. has a twelve month low of $8.36 and a twelve month high of $45.00. The stock has a market cap of $133.39 million, a P/E ratio of -2.30 and a beta of 1.30. The stock has a 50 day moving average of $15.78 and a 200 day moving average of $17.53.

WW International (NASDAQ:WW) last released its quarterly earnings data on Thursday, May 7th. The company reported ($5.20) EPS for the quarter, missing the consensus estimate of ($0.85) by ($4.35). The business had revenue of $168.26 million during the quarter, compared to analyst estimates of $149.80 million. On average, research analysts predict that WW International, Inc. will post -0.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on WW shares. Wall Street Zen downgraded shares of WW International from a “sell” rating to a “strong sell” rating in a report on Saturday, May 9th. Weiss Ratings upgraded shares of WW International from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, July 17th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

WW International Company Profile

WW International, Inc (NASDAQ: WW) is a global wellness and weight management company that provides a range of subscription-based programs, digital tools and personalized coaching services. Originally founded in 1963 by Jean Nidetch as a small support group in New York City, the company grew into the well-known Weight Watchers brand before rebranding as WW in 2018 to reflect an expanded focus on overall health, fitness and nutrition. Over the years, WW has introduced innovations such as the SmartPoints® system, which assigns values to foods based on their nutritional composition, and the MyWW® personalized wellness plan, which tailors recommendations to individual lifestyles and goals.

WW’s offerings span digital and in-person channels.