Millennium Management LLC has recently announced that it has increased stake in WW International Inc (NASDAQ:WW) by 35.45%. After grabbing 5.6 million shares, the institutional investor is now in possession of 1.47 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 7.08% having worth around $40.39 million. Moreover, The Vanguard Group, Inc. increased its share by 0.39 million to have a control over 4.11 million shares. And BlackRock Fund Advisors raised its holdings to 0.42 million shares by acquiring 3.9 million shares or 4.93% of the stake.
WW International Inc (WW) concluded trading on 01/10/24 at a closing price of $6.50, with 2.88 million shares of worth about $18.71 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -19.55% during that period and on Wednesday the price saw a loss of about -0.61%. Currently the company’s common shares owned by public are about 79.08M shares, out of which, 76.86M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 53 times over the past 12 months. They bought 239,776 shares in 37 of the transactions. In 16 selling transactions, insiders dumped 14,902,838 shares.
Contrarius ICAV – Global Equity F, Vanguard Total Stock Market ETF, and Columbia Small Cap Growth Fund are the top 3 mutual funds which are holding stakes in WW International Inc Contrarius ICAV – Global Equity F is currently holding 6.85 million shares of worth totaling $49.36 million. The company recently came buying 6.85 million shares which brought its stake up to 8.66% of the company’s outstanding shares. Columbia Small Cap Growth Fund, after buying 1.93 million shares, have now control over 2.45% of the stake in the company. It holds 0.0 shares of worth $13.94 million.
WW International Inc (NASDAQ: WW) started trading at $6.55, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 6.65, or with a loss of -0.61%. Stock saw a price change of -14.92% in past 5 days and over the past one month there was a price change of -9.34%. Year-to-date (YTD), WW shares are showing a performance of -25.71% which increased to 40.09% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.46 but also hit the highest price of $13.31 during that period. The average intraday trading volume for WW International Inc shares is 4.75 million. The stock is currently trading -18.81% below its 20-day simple moving average (SMA20), while that difference is down -13.37% for SMA50 and it goes to -21.71% lower than SMA200.
Millennium Management LLC acquired 5.6 million shares of WW International Inc having value of about $40.39 million. Data submitted at the U.S SEC by Millennium Management LLC revealed that the firm now holds 1.47 million shares in the company valued at close to $9530664.0, or have control over 35.45% stake in the company. WW International Inc (NASDAQ: WW) currently have 79.08M outstanding shares and institutions hold larger chunk of about 78.73% of that. Holding of mutual funds in the company is about 31.44% while other institutional holders and individual stake holders have control over 47.39% and 22.03% of the stake respectively.
The stock has a current market capitalization of $514.02M and its 3Y-monthly beta is at 1.88. It has posted earnings per share of -$0.95 in the same period. It has Quick Ratio of 1.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WW, volatility over the week remained 9.05% while standing at 8.02% over the month.
Analysts are in expectations that WW International Inc (WW) stock would likely to be making an EPS of -$0.04 in the current quarter, while forecast for next quarter EPS is -$0.19 and it is $0.26 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.18 which is $0.12 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.46 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -124.51% while it is estimated to increase by 212.91% in next year.
Analysts at 8 brokerage firms have issued recommendations for the WW International Inc (WW)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.25. Out of those 8 Wall Street analysts, 4 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on January 03, 2024 offering an Underweight rating for the stock and assigned a target price of $8 to it.
