Gilder Gagnon Howe & Co. LLC Sells 53,251 Shares of Weight Watchers International, Inc. (WTW)

Gilder Gagnon Howe & Co. LLC reduced its holdings in shares of Weight Watchers International, Inc. (NYSE:WTW) by 2.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,767,032 shares of the company’s stock after selling 53,251 shares during the period. Weight Watchers International accounts for about 1.3% of Gilder Gagnon Howe & Co. LLC’s investment portfolio, making the stock its 20th largest holding. Gilder Gagnon Howe & Co. LLC owned about 2.65% of Weight Watchers International worth $127,209,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cerebellum GP LLC purchased a new position in Weight Watchers International during the 3rd quarter valued at about $137,000. First Hawaiian Bank bought a new stake in Weight Watchers International during the 3rd quarter valued at about $138,000. Bank of Montreal Can bought a new stake in Weight Watchers International during the 2nd quarter valued at about $174,000. Evanston Investments Inc. dba Evanston Advisors bought a new stake in Weight Watchers International during the 2nd quarter valued at about $202,000. Finally, Jaffetilchin Investment Partners LLC bought a new stake in Weight Watchers International during the 3rd quarter valued at about $202,000. 91.34% of the stock is owned by institutional investors.

NYSE WTW traded up $1.50 during trading hours on Tuesday, hitting $64.33. 130,973 shares of the company’s stock traded hands, compared to its average volume of 1,786,388. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of -1.77. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 39.02, a price-to-earnings-growth ratio of 1.07 and a beta of 2.96. Weight Watchers International, Inc. has a 52 week low of $41.15 and a 52 week high of $105.73.

Weight Watchers International (NYSE:WTW) last announced its earnings results on Monday, August 6th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.13. The company had revenue of $409.70 million during the quarter, compared to analyst estimates of $409.49 million. Weight Watchers International had a net margin of 14.96% and a negative return on equity of 16.18%. The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.67 earnings per share. Sell-side analysts predict that Weight Watchers International, Inc. will post 2.98 EPS for the current year.

In related news, Director Thilo Semmelbauer sold 10,358 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $77.72, for a total transaction of $805,023.76. Following the completion of the sale, the director now directly owns 27,803 shares in the company, valued at $2,160,849.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Corinne Pollier-Bousquet sold 2,500 shares of Weight Watchers International stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $80.00, for a total transaction of $200,000.00. Following the transaction, the insider now directly owns 29,456 shares in the company, valued at approximately $2,356,480. The disclosure for this sale can be found here. Insiders have sold 6,195,223 shares of company stock valued at $470,747,775 over the last 90 days. 12.31% of the stock is currently owned by company insiders.

A number of analysts have weighed in on the stock. Morgan Stanley assumed coverage on shares of Weight Watchers International in a research note on Thursday, September 13th. They set an “equal weight” rating and a $76.00 price objective for the company. ValuEngine lowered shares of Weight Watchers International from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. B. Riley raised their price objective on shares of Weight Watchers International from $103.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. Goldman Sachs Group assumed coverage on shares of Weight Watchers International in a research note on Tuesday, September 4th. They set a “neutral” rating and a $73.00 price objective for the company. Finally, JPMorgan Chase & Co. set a $120.00 price objective on shares of Weight Watchers International and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Weight Watchers International presently has a consensus rating of “Buy” and an average target price of $101.25.

Weight Watchers International 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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