Stock Traders Purchase High Volume of Weight Watchers International Put Options (NYSE:WTW)

Weight Watchers International, Inc. (NYSE:WTW) saw some unusual options trading activity on Monday. Stock investors purchased 4,265 put options on the company. This is an increase of approximately 632% compared to the typical volume of 583 put options.

A number of institutional investors and hedge funds have recently made changes to their positions in WTW. Sei Investments Co. raised its holdings in Weight Watchers International by 3,364.2% in the 3rd quarter. Sei Investments Co. now owns 4,157 shares of the company’s stock worth $181,000 after acquiring an additional 4,037 shares during the period. Trexquant Investment LP bought a new position in Weight Watchers International in the 3rd quarter worth $216,000. Virginia Retirement Systems ET AL bought a new position in Weight Watchers International in the 3rd quarter worth $226,000. SG Americas Securities LLC bought a new position in Weight Watchers International in the 2nd quarter worth $234,000. Finally, BNP Paribas Arbitrage SA raised its holdings in Weight Watchers International by 123.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,134 shares of the company’s stock worth $238,000 after acquiring an additional 3,936 shares during the period. Hedge funds and other institutional investors own 86.49% of the company’s stock.

A number of brokerages have issued reports on WTW. ValuEngine lowered shares of Weight Watchers International from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. B. Riley set a $65.00 price objective on shares of Weight Watchers International and gave the company a “buy” rating in a research note on Tuesday, December 19th. Zacks Investment Research raised shares of Weight Watchers International from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective for the company in a research note on Tuesday, November 21st. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $70.00 price objective (up previously from $50.00) on shares of Weight Watchers International in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Weight Watchers International has an average rating of “Hold” and an average price target of $51.25.

Weight Watchers International (WTW) traded up $2.31 during mid-day trading on Friday, hitting $63.50. 2,070,095 shares of the company traded hands, compared to its average volume of 2,475,854. The company has a debt-to-equity ratio of -1.74, a quick ratio of 0.88 and a current ratio of 0.96. Weight Watchers International has a 1-year low of $11.61 and a 1-year high of $63.66. The firm has a market cap of $4,090.00, a price-to-earnings ratio of 37.80, a PEG ratio of 2.49 and a beta of 2.95.

Weight Watchers International (NYSE:WTW) last released its quarterly earnings data on Monday, November 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.14. Weight Watchers International had a net margin of 9.03% and a negative return on equity of 8.81%. The business had revenue of $323.70 million during the quarter, compared to analyst estimates of $319.40 million. During the same quarter in the previous year, the business earned $0.53 EPS. Weight Watchers International’s quarterly revenue was up 15.3% compared to the same quarter last year. sell-side analysts anticipate that Weight Watchers International will post 1.59 earnings per share for the current fiscal year.

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Weight Watchers International Company Profile

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.

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