Hussman Strategic Advisors buys $6,486,000 stake in Weight Watchers International (WTW)

Weight Watchers International (WTW) : Hussman Strategic Advisors scooped up 100,000 additional shares in Weight Watchers International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 600,000 shares of Weight Watchers International which is valued at $6,486,000.Weight Watchers International makes up approximately 0.96% of Hussman Strategic Advisors’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in WTW by selling 300 shares or 0.51% in the most recent quarter. The Hedge Fund company now holds 58,177 shares of WTW which is valued at $628,893. Stoneridge Investment Partners sold out all of its stake in WTW during the most recent quarter. The investment firm sold 47,554 shares of WTW which is valued $546,395.Mizuho Securities Usa reduced its stake in WTW by selling 32,200 shares or 81.11% in the most recent quarter. The Hedge Fund company now holds 7,500 shares of WTW which is valued at $84,825. Weight Watchers International makes up approx 0.02% of Mizuho Securities Usa’s portfolio.

Weight Watchers International opened for trading at $10.84 and hit $11.729 on the upside on Thursday, eventually ending the session at $11.39, with a gain of 5.37% or 0.58 points. The heightened volatility saw the trading volume jump to 40,11,758 shares. Company has a market cap of $727 M.

On the company’s financial health, Weight Watchers International reported $0.46 EPS for the quarter, based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus estimate of $0.46. The company had revenue of $309.80 million for the quarter, compared to analysts expectations of $318.30 million. During the same quarter in the previous year, the company posted $0.49 EPS.

Many Wall Street Analysts have commented on Weight Watchers International. Sidoti Initiated Weight Watchers International on May 24, 2016 to “Buy”, Price Target of the shares are set at $25.

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 provides Services and Products including: Weight Management Plans Clinical Efficacy and Meetings. Weight Management Plans provides weight management program comprised of nutritional exercise and behavioral tools and approaches. Clinical Efficacy offers clinically-studied commercial weight management programs. Meetings present the Company’s program food plans exercise behavior modification and group support. The company operates through North America United Kingdom Continental Europe and Other segments.

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