Deutsche Bank AG trimmed its holdings in Weight Watchers (NYSE:WTW) by 59.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,280 shares of the company’s stock after selling 104,852 shares during the period. Deutsche Bank AG owned about 0.11% of Weight Watchers worth $3,199,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in WTW. Renaissance Technologies LLC lifted its stake in shares of Weight Watchers by 605.2% in the fourth quarter. Renaissance Technologies LLC now owns 692,500 shares of the company’s stock valued at $30,664,000 after buying an additional 594,300 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Weight Watchers in the fourth quarter valued at $20,739,000. 1060 Capital LLC bought a new position in shares of Weight Watchers in the fourth quarter valued at $18,124,000. Dimensional Fund Advisors LP lifted its stake in shares of Weight Watchers by 122.8% in the third quarter. Dimensional Fund Advisors LP now owns 580,953 shares of the company’s stock valued at $25,300,000 after buying an additional 320,227 shares in the last quarter. Finally, Landscape Capital Management L.L.C. lifted its stake in shares of Weight Watchers by 196.3% in the fourth quarter. Landscape Capital Management L.L.C. now owns 141,358 shares of the company’s stock valued at $6,259,000 after buying an additional 93,658 shares in the last quarter. 92.10% of the stock is currently owned by hedge funds and other institutional investors.
WTW has been the topic of a number of recent research reports. B. Riley set a $98.00 price objective on shares of Weight Watchers and gave the company a “buy” rating in a research note on Wednesday, March 14th. Sidoti raised shares of Weight Watchers from a “neutral” rating to a “buy” rating in a research note on Monday, March 5th. ValuEngine raised shares of Weight Watchers from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Craig Hallum raised their price target on shares of Weight Watchers from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, Zacks Investment Research raised shares of Weight Watchers from a “strong sell” rating to a “hold” rating in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Weight Watchers currently has a consensus rating of “Buy” and a consensus price target of $72.00.
WTW opened at $70.32 on Friday. The company has a debt-to-equity ratio of -1.71, a quick ratio of 0.52 and a current ratio of 0.61. Weight Watchers has a fifty-two week low of $17.58 and a fifty-two week high of $77.19. The stock has a market cap of $4,494.85, a P/E ratio of 42.62, a PEG ratio of 1.80 and a beta of 3.23.
Weight Watchers (NYSE:WTW) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. Weight Watchers had a net margin of 12.52% and a negative return on equity of 10.38%. The company had revenue of $312.50 million for the quarter, compared to analyst estimates of $309.35 million. equities research analysts predict that Weight Watchers will post 2.58 EPS for the current fiscal year.
In related news, Director Denis F. Kelly acquired 2,200 shares of the stock in a transaction on Thursday, March 8th. The shares were acquired at an average price of $62.43 per share, with a total value of $137,346.00. Following the completion of the transaction, the director now owns 41,852 shares in the company, valued at approximately $2,612,820.36. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Oprah Winfrey sold 2,359,702 shares of Weight Watchers stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $60.48, for a total transaction of $142,714,776.96. Following the completion of the sale, the director now directly owns 6,009,283 shares in the company, valued at approximately $363,441,435.84. The disclosure for this sale can be found here. 12.31% of the stock is owned by company insiders.
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About Weight Watchers
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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