Weight Watchers International, Inc. (WTW) Holdings Raised by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its holdings in shares of Weight Watchers International, Inc. (NYSE:WTW) by 62.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,772 shares of the company’s stock after purchasing an additional 26,859 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.10% of Weight Watchers International worth $5,023,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Retirement Systems of Alabama bought a new stake in shares of Weight Watchers International in the 3rd quarter worth approximately $3,595,000. Calamos Advisors LLC bought a new stake in shares of Weight Watchers International in the 3rd quarter worth approximately $503,000. Texas Permanent School Fund bought a new stake in shares of Weight Watchers International in the 3rd quarter worth approximately $1,462,000. Cornerstone Wealth Management LLC bought a new stake in shares of Weight Watchers International in the 3rd quarter worth approximately $4,639,000. Finally, SG Capital Management LLC bought a new stake in shares of Weight Watchers International in the 3rd quarter worth approximately $7,140,000. Hedge funds and other institutional investors own 91.34% of the company’s stock.

In other news, major shareholder S.A. Westend sold 6,000,000 shares of Weight Watchers International stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $76.00, for a total transaction of $456,000,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Corinne Pollier-Bousquet sold 19,923 shares of Weight Watchers International stock in a transaction on Monday, August 20th. The shares were sold at an average price of $73.28, for a total value of $1,459,957.44. Following the transaction, the insider now owns 42,379 shares in the company, valued at $3,105,533.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,182,365 shares of company stock worth $469,742,751. 12.31% of the stock is owned by insiders.

WTW has been the topic of several recent research reports. Zacks Investment Research downgraded Weight Watchers International from a “strong-buy” rating to a “hold” rating in a report on Saturday, October 13th. UBS Group cut their target price on Weight Watchers International from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 7th. JPMorgan Chase & Co. cut their target price on Weight Watchers International from $120.00 to $70.00 and set an “overweight” rating on the stock in a research note on Friday, November 2nd. KeyCorp cut their target price on Weight Watchers International from $115.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, November 2nd. Finally, Morgan Stanley assumed coverage on Weight Watchers International in a research note on Thursday, September 13th. They set an “equal weight” rating and a $76.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $93.58.

Shares of Weight Watchers International stock opened at $53.83 on Friday. Weight Watchers International, Inc. has a 1-year low of $41.15 and a 1-year high of $105.73.

Weight Watchers International (NYSE:WTW) last announced its earnings results on Thursday, November 1st. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.01. The business had revenue of $365.80 million for the quarter, compared to the consensus estimate of $377.95 million. The firm’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 EPS.

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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.

Further Reading: How to calculate the intrinsic value of a stock

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

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