California Public Employees Retirement System Has $5.51 Million Stake in Weight Watchers International Inc (WTW)

California Public Employees Retirement System lowered its stake in Weight Watchers International Inc (NYSE:WTW) by 22.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 164,871 shares of the company’s stock after selling 48,600 shares during the period. California Public Employees Retirement System owned approximately 0.26% of Weight Watchers International worth $5,510,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Weight Watchers International by 0.6% in the second quarter. Vanguard Group Inc. now owns 2,382,121 shares of the company’s stock worth $79,611,000 after buying an additional 13,425 shares during the period. Northern Trust Corp increased its holdings in shares of Weight Watchers International by 2.9% in the second quarter. Northern Trust Corp now owns 340,881 shares of the company’s stock worth $11,392,000 after buying an additional 9,453 shares during the period. Capital Growth Management LP purchased a new position in shares of Weight Watchers International in the second quarter worth about $2,506,000. New York State Common Retirement Fund increased its holdings in shares of Weight Watchers International by 94.4% in the second quarter. New York State Common Retirement Fund now owns 55,594 shares of the company’s stock worth $1,858,000 after buying an additional 26,993 shares during the period. Finally, Caldwell & Orkin Inc. purchased a new position in shares of Weight Watchers International in the second quarter worth about $371,000. Hedge funds and other institutional investors own 88.24% of the company’s stock.

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Weight Watchers International Inc (NYSE WTW) opened at 46.72 on Wednesday. Weight Watchers International Inc has a 12-month low of $9.55 and a 12-month high of $49.32. The stock has a market cap of $3.01 billion, a P/E ratio of 29.93 and a beta of 2.99. The stock has a 50 day moving average price of $44.16 and a 200 day moving average price of $33.49.

Weight Watchers International (NYSE:WTW) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.17. Weight Watchers International had a net margin of 8.52% and a negative return on equity of 7.70%. The company had revenue of $341.70 million for the quarter, compared to analyst estimates of $329.55 million. During the same period in the prior year, the company posted $0.46 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, analysts forecast that Weight Watchers International Inc will post $1.47 earnings per share for the current fiscal year.

WTW has been the topic of several analyst reports. Zacks Investment Research downgraded Weight Watchers International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 5th. BidaskClub upgraded Weight Watchers International from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. Finally, ValuEngine upgraded Weight Watchers International from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $27.44.

About Weight Watchers International

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.

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

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