Weight Watchers International, Inc. (NASDAQ:WW) Sees Large Drop in Short Interest

Weight Watchers International, Inc. (NASDAQ:WW) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 5,870,000 shares, a decrease of 13.8% from the January 15th total of 6,810,000 shares. Currently, 9.6% of the company’s stock are short sold. Based on an average trading volume of 2,092,900 shares, the days-to-cover ratio is presently 2.8 days.

Weight Watchers International stock opened at $36.27 on Friday. Weight Watchers International has a fifty-two week low of $16.71 and a fifty-two week high of $47.19. The company has a market capitalization of $2.44 billion, a P/E ratio of 18.79, a PEG ratio of 1.18 and a beta of 2.10. The stock has a 50-day simple moving average of $38.01 and a 200-day simple moving average of $35.00.

In other news, insider Corinne Pollier-Bousquet sold 9,364 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $41.00, for a total transaction of $383,924.00. Following the completion of the transaction, the insider now directly owns 26,000 shares of the company’s stock, valued at approximately $1,066,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 12.03% of the company’s stock.

Several institutional investors have recently bought and sold shares of WW. Iridian Asset Management LLC CT lifted its holdings in shares of Weight Watchers International by 5,459.5% in the 4th quarter. Iridian Asset Management LLC CT now owns 2,057,029 shares of the company’s stock valued at $78,599,000 after purchasing an additional 2,020,029 shares during the last quarter. Chicago Capital LLC purchased a new stake in Weight Watchers International during the 3rd quarter valued at approximately $23,151,000. Bank of New York Mellon Corp purchased a new stake in Weight Watchers International during the 4th quarter valued at approximately $21,000,000. Nuveen Asset Management LLC purchased a new stake in Weight Watchers International during the 2nd quarter valued at approximately $5,051,000. Finally, Russell Investments Group Ltd. purchased a new stake in Weight Watchers International during the 3rd quarter valued at approximately $9,101,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on WW shares. ValuEngine cut Weight Watchers International from a “sell” rating to a “strong sell” rating in a research report on Monday, February 10th. DA Davidson cut Weight Watchers International from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $44.00 to $33.00 in a research report on Wednesday, November 6th. Morgan Stanley reaffirmed a “hold” rating and set a $27.00 price objective (up from $25.00) on shares of Weight Watchers International in a research report on Thursday, December 5th. Goldman Sachs Group raised Weight Watchers International from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $48.00 in a research report on Tuesday, February 4th. Finally, B. Riley boosted their target price on Weight Watchers International from $40.00 to $46.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $37.83.

About Weight Watchers International

Weight Watchers International, Inc provides weight management services worldwide. The company operates in four segments: North America, Continental Europe, United Kingdom, and Other. It provides a range of products and services comprising nutritional, activity, behavioral, and lifestyle tools and approaches.

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