WW International, Inc. $WW is Cygnus Capital Advisors LLC's 6th Largest Position

Key Points

• Cygnus Capital Advisors increased its WW International stake by 96.1% in the second quarter to 388,655 shares, making WW its sixth-largest portfolio position and representing about 3.89% of the company.
• Institutional ownership remains high at 86.18%, with several hedge funds adding new or expanded positions in WW.
• WW exceeded quarterly expectations, reporting $1.41 in EPS versus a $0.48 consensus and $162.32 million in revenue. Despite the earnings beat, analyst sentiment remains cautious, with an average “Reduce” rating.

Cygnus Capital Advisors LLC boosted its position in shares of WW International, Inc. (NASDAQ:WW - Free Report) by 96.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 388,655 shares of the company's stock after purchasing an additional 190,440 shares during the period. WW International accounts for approximately 4.2% of Cygnus Capital Advisors LLC's portfolio, making the stock its 6th biggest position. Cygnus Capital Advisors LLC owned about 3.89% of WW International 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 the company. Cooper Creek Partners Management LLC raised its stake in shares of WW International by 50.1% during the 1st quarter. Cooper Creek Partners Management LLC now owns 975,419 shares of the company's stock worth $13,402,000 after purchasing an additional 325,434 shares in the last quarter. Invesco Senior Secured Management Inc. ADV bought a new stake in shares of WW International in the 4th quarter valued at approximately $4,989,000. Geode Capital Management LLC grew its stake in shares of WW International by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 113,610 shares of the company's stock valued at $3,321,000 after buying an additional 4,251 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of WW International in the 4th quarter valued at approximately $1,108,000. Finally, Quinn Opportunity Partners LLC acquired a new position in WW International in the fourth quarter worth approximately $1,010,000. Hedge funds and other institutional investors own 86.18% of the company's stock.

WW International Price Performance

NASDAQ WW opened at $18.02 on Tuesday. WW International, Inc. has a fifty-two week low of $8.36 and a fifty-two week high of $38.38. The stock's 50-day moving average is $15.49 and its two-hundred day moving average is $15.57. The firm has a market cap of $180.18 million, a P/E ratio of -3.11 and a beta of 1.73.

WW International (NASDAQ:WW - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.93. The company had revenue of $162.32 million for the quarter, compared to the consensus estimate of $159.13 million. On average, equities analysts expect that WW International, Inc. will post -0.06 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of WW International from a "sell (d)" rating to a "sell (d-)" rating in a research report on Thursday, August 6th. Wall Street Zen raised shares of WW International from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 8th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Reduce".

WW International Company Profile

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.

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