Schwab Charles Investment Management Inc. trimmed its position in shares of Weight Watchers International, Inc. (NYSE:WTW) by 15.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 425,134 shares of the company’s stock after selling 79,304 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.66% of Weight Watchers International worth $18,515,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in WTW. Sei Investments Co. raised its position in shares of Weight Watchers International by 3,364.2% during the 3rd quarter. Sei Investments Co. now owns 4,157 shares of the company’s stock worth $181,000 after acquiring an additional 4,037 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Weight Watchers International during the 3rd quarter worth about $216,000. Virginia Retirement Systems ET AL acquired a new stake in shares of Weight Watchers International during the 3rd quarter worth about $226,000. SG Americas Securities LLC acquired a new stake in shares of Weight Watchers International during the 2nd quarter worth about $234,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of Weight Watchers International by 123.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,134 shares of the company’s stock worth $238,000 after acquiring an additional 3,936 shares in the last quarter. Institutional investors own 86.49% of the company’s stock.
WTW has been the topic of several analyst reports. ValuEngine downgraded Weight Watchers International from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Craig Hallum restated a “buy” rating and issued a $70.00 price target (up from $50.00) on shares of Weight Watchers International in a research note on Tuesday, November 7th. Zacks Investment Research downgraded Weight Watchers International from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, B. Riley set a $65.00 target price on Weight Watchers International and gave the stock a “buy” rating in a research report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $51.25.
Weight Watchers International (NYSE:WTW) last issued its earnings results on Monday, November 6th. The company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.14. Weight Watchers International had a negative return on equity of 8.81% and a net margin of 9.03%. The company had revenue of $323.70 million during the quarter, compared to the consensus estimate of $319.40 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. The company’s revenue was up 15.3% compared to the same quarter last year. equities research analysts forecast that Weight Watchers International, Inc. will post 1.59 EPS for the current fiscal year.
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Weight Watchers International Profile
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.
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