Millennium Management LLC recently announced the acquisition of new stake in WW International Inc (NASDAQ:WW). The institutional investor has increased its shareholding in the Consumer Cyclical company by 35.45% to 5.6 million shares with purchase of 1.47 million shares. This fresh investment now brings its stake to 7.08% valued currently at $40.39 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.39 million to 4.11 million shares. And BlackRock Fund Advisors has lifted its position by 12.24% or 0.42 million shares – to 3.9 million shares.
Currently, there are 79.08M common shares owned by the public and among those 76.87M shares have been available to trade.
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Insiders at the company have transacted a total of 60 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 44 of these insider trades were purchases, accounting for 275,245 shares. Insider sales of the common stock occurred on 16 occasions, with total insider shares sold totaling 14,902,838 shares.
The top 3 mutual fund holders in WW International Inc are Contrarius ICAV – Global Equity F, Vanguard Total Stock Market ETF, and Columbia Small Cap Growth Fund. Contrarius ICAV – Global Equity F owns 6.85 million shares of the company’s stock, all valued at over $49.36 million. The company bought an additional 6.85 million shares recently to bring their total holdings to about 8.66% of the shares outstanding. Columbia Small Cap Growth Fund bought 21637.0 shares to bring its total holdings to over 1.93 million shares at a value of $13.94 million. Columbia Small Cap Growth Fund now owns shares totaling to 2.45% of the shares outstanding.
However, the script later moved the day high at 8.42, up 4.49%. The company’s stock has a 5-day price change of 22.16% and -27.00% over the past three months. WW shares are trading 117.10% year to date (YTD), with the 12-month market performance up to 118.80% higher. It has a 12-month low price of $3.28 and touched a high of $13.31 over the same period. WW has an average intraday trading volume of 4.62 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 17.39%, 2.20%, and 4.13% respectively.
Institutional ownership of WW International Inc (NASDAQ: WW) shares accounts for 78.77% of the company’s 79.08M shares outstanding. Mutual fund holders own 31.95%, while other institutional holders and individual stakeholders account for 47.35% and 22.01% respectively.
It has a market capitalization of $662.69M and a beta (3y monthly) value of 1.72. The earnings-per-share (ttm) stands at -$0.95. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.82% over the week and 6.86% over the month.
Analysts forecast that WW International Inc (WW) will achieve an EPS of -$0.04 for the current quarter, -$0.17 for the next quarter and $0.3 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.18 while analysts give the company a high EPS estimate of $0.12. Comparatively, EPS for the current quarter was -$0.46 a year ago. Earnings per share for the fiscal year are expected to decrease by -116.64%, and 310.43% over the next financial year.
Looking at the support for the WW, a number of firms have released research notes about the stock. Craig Hallum stated their Hold rating for the stock in a research note on September 27, 2023, with the firm’s price target at $4-$10.
