Weight Watchers International Target of Unusually High Options Trading (NYSE:WTW)

Weight Watchers International, Inc. (NYSE:WTW) saw some unusual options trading on Thursday. Investors acquired 23,122 put options on the company. This represents an increase of approximately 1,031% compared to the typical daily volume of 2,045 put options.

Shares of Weight Watchers International stock traded up $2.65 on Friday, reaching $22.96. 14,946,782 shares of the company were exchanged, compared to its average volume of 4,480,567. Weight Watchers International has a 1-year low of $17.55 and a 1-year high of $105.73.

Weight Watchers International (NYSE:WTW) last announced its quarterly earnings data on Tuesday, February 26th. The company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. The company had revenue of $330.39 million for the quarter, compared to analyst estimates of $347.19 million.

In other news, insider Corinne Pollier-Bousquet sold 10,000 shares of Weight Watchers International stock in a transaction on Friday, March 8th. The stock was sold at an average price of $19.17, for a total transaction of $191,700.00. Following the transaction, the insider now owns 36,183 shares in the company, valued at approximately $693,628.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mindy F. Grossman purchased 12,000 shares of Weight Watchers International stock in a transaction dated Friday, March 1st. The shares were bought at an average price of $21.70 per share, for a total transaction of $260,400.00. The disclosure for this purchase can be found here. Company insiders own 12.31% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Gabelli Funds LLC grew its holdings in Weight Watchers International by 146.2% during the first quarter. Gabelli Funds LLC now owns 16,000 shares of the company’s stock worth $322,000 after acquiring an additional 9,500 shares during the period. Texas Permanent School Fund grew its holdings in Weight Watchers International by 3.9% during the first quarter. Texas Permanent School Fund now owns 26,370 shares of the company’s stock worth $531,000 after acquiring an additional 1,002 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in Weight Watchers International by 1,700.0% during the first quarter. State of New Jersey Common Pension Fund D now owns 450,000 shares of the company’s stock worth $9,068,000 after acquiring an additional 425,000 shares during the period. New Jersey Better Educational Savings Trust acquired a new stake in Weight Watchers International in the first quarter valued at $202,000. Finally, NJ State Employees Deferred Compensation Plan grew its holdings in Weight Watchers International by 154.5% in the first quarter. NJ State Employees Deferred Compensation Plan now owns 28,000 shares of the company’s stock valued at $564,000 after purchasing an additional 17,000 shares during the last quarter. Hedge funds and other institutional investors own 91.34% of the company’s stock.

A number of analysts recently issued reports on the company. Zacks Investment Research raised Weight Watchers International from a “sell” rating to a “hold” rating and set a $43.00 price objective for the company in a research report on Sunday, January 6th. Craig Hallum reissued a “positive” rating and set a $80.00 price objective (down from $120.00) on shares of Weight Watchers International in a research report on Tuesday, January 8th. JPMorgan Chase & Co. downgraded Weight Watchers International from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $70.00 to $37.00 in a research report on Friday, January 11th. TheStreet downgraded Weight Watchers International from a “b-” rating to a “c+” rating in a research report on Monday, January 14th. Finally, Oppenheimer cut their price objective on Weight Watchers International from $98.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, February 15th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. Weight Watchers International presently has a consensus rating of “Hold” and an average price target of $44.15.

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About Weight Watchers International

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

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