Trellus Management Company buys $754,000 stake in Weight Watchers International (WTW)

Weight Watchers International (WTW) : Trellus Management Company scooped up 34,500 additional shares in Weight Watchers International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 65,000 shares of Weight Watchers International which is valued at $754,000.Weight Watchers International makes up approximately 1.70% of Trellus Management Company’s portfolio.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in WTW during the most recent quarter. The investment firm sold 3,506 shares of WTW which is valued $40,670. Alpha Windward added WTW to its portfolio by purchasing 30,360 company shares during the most recent quarter which is valued at $360,980. Weight Watchers International makes up approx 0.26% of Alpha Windward’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in WTW in the latest quarter, The investment management firm added 9,537 additional shares and now holds a total of 13,169 shares of Weight Watchers International which is valued at $156,579.

Weight Watchers International opened for trading at $11.54 and hit $11.8598 on the upside on Wednesday, eventually ending the session at $11.6, with a gain of 0.35% or 0.04 points. The heightened volatility saw the trading volume jump to 10,07,364 shares. Company has a market cap of $740 M.

On the company’s financial health, Weight Watchers International reported $-0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 4, 2016. Analyst had a consensus of $-0.18. The company had revenue of $306.90 million for the quarter, compared to analysts expectations of $308.90 million. The company’s revenue was down -4.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.09 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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