Cygnus Capital Advisors LLC Purchases 190,440 Shares of WW International, Inc. $WW

Cygnus Capital Advisors LLC increased its position in WW International, Inc. (NASDAQ:WW) by 96.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 388,655 shares of the company’s stock after acquiring an additional 190,440 shares during the quarter. WW International comprises about 4.2% of Cygnus Capital Advisors LLC’s investment portfolio, making the stock its 6th biggest position. Cygnus Capital Advisors LLC’s holdings in WW International were worth $6,211,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WW. Cooper Creek Partners Management LLC boosted its holdings in WW International by 50.1% during the first quarter. Cooper Creek Partners Management LLC now owns 975,419 shares of the company’s stock valued at $13,402,000 after acquiring an additional 325,434 shares during the period. Invesco Senior Secured Management Inc. ADV acquired a new stake in shares of WW International in the fourth quarter valued at about $4,989,000. Geode Capital Management LLC increased its stake in shares of WW International by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 113,610 shares of the company’s stock worth $3,321,000 after purchasing an additional 4,251 shares during the period. Marshall Wace LLP acquired a new position in shares of WW International during the 4th quarter worth about $1,108,000. Finally, Quinn Opportunity Partners LLC acquired a new position in shares of WW International during the 4th quarter worth about $1,010,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

Analysts Set New Price Targets

WW has been the topic of a number of research analyst reports. Wall Street Zen raised WW International from a “strong sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings lowered WW International from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

WW International Stock Performance

Shares of WW opened at $18.02 on Tuesday. The company has a 50-day simple moving average of $15.49 and a 200-day simple moving average of $15.57. The firm has a market capitalization of $180.18 million, a P/E ratio of -3.11 and a beta of 1.73. WW International, Inc. has a 52 week low of $8.36 and a 52 week high of $38.38.

WW International (NASDAQ:WW) last released its earnings results on Wednesday, August 5th. The company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.93. The firm had revenue of $162.32 million for the quarter, compared to analyst estimates of $159.13 million. As a group, equities analysts forecast that WW International, Inc. will post -0.06 earnings per share for the current year.

About WW International

WW International, Inc (NASDAQ: WW) is a global wellness and weight management company that provides a range of subscription-based programs, digital tools and personalized coaching services. Originally founded in 1963 by Jean Nidetch as a small support group in New York City, the company grew into the well-known Weight Watchers brand before rebranding as WW in 2018 to reflect an expanded focus on overall health, fitness and nutrition. Over the years, WW has introduced innovations such as the SmartPoints® system, which assigns values to foods based on their nutritional composition, and the MyWW® personalized wellness plan, which tailors recommendations to individual lifestyles and goals.

WW’s offerings span digital and in-person channels.