As Weight Watchers Intl New (WTW) Shares Rose, Indus Capital Partners Trimmed Stake; Mendon Capital Advisors Has Lowered Oceanfirst Finl (OCFC) Stake as Valuation Declined

April 18, 2018 - By Lawrence Diaz

OceanFirst Financial Corp. (NASDAQ:OCFC) Logo

David Kowitz decreased its stake in Weight Watchers Intl Inc New (WTW) by 38.05% based on its latest 2017Q4 regulatory filing with the SEC. Indus Capital Partners Llc sold 160,226 shares as the company’s stock rose 23.71% while stock markets declined. The hedge fund run by David Kowitz held 260,897 shares of the other consumer services company at the end of 2017Q4, valued at $11.55M, down from 421,123 at the end of the previous reported quarter. Indus Capital Partners Llc who had been investing in Weight Watchers Intl Inc New for a number of months, seems to be less bullish one the $4.47B market cap company. The stock increased 3.32% or $2.17 during the last trading session, reaching $67.55. About 929,017 shares traded. Weight Watchers International, Inc. (NYSE:WTW) has risen 313.09% since April 18, 2017 and is uptrending. It has outperformed by 301.54% the S&P500.

Anton Schutz decreased its stake in Oceanfirst Finl Corp (OCFC) by 10.08% based on its latest 2017Q4 regulatory filing with the SEC. Mendon Capital Advisors Corp sold 56,036 shares as the company’s stock declined 0.30% with the market. The hedge fund run by Anton Schutz held 500,000 shares of the savings institutions company at the end of 2017Q4, valued at $13.13M, down from 556,036 at the end of the previous reported quarter. Mendon Capital Advisors Corp who had been investing in Oceanfirst Finl Corp for a number of months, seems to be less bullish one the $1.24B market cap company. The stock decreased 0.87% or $0.23 during the last trading session, reaching $26.22. About 101,196 shares traded. OceanFirst Financial Corp. (NASDAQ:OCFC) has declined 4.04% since April 18, 2017 and is downtrending. It has underperformed by 15.59% the S&P500.

Investors sentiment increased to 1.16 in 2017 Q4. Its up 0.16, from 1 in 2017Q3. It is positive, as 15 investors sold WTW shares while 59 reduced holdings. 39 funds opened positions while 47 raised stakes. 57.89 million shares or 4.37% more from 55.46 million shares in 2017Q3 were reported. Deutsche Bank Ag reported 72,280 shares or 0% of all its holdings. Virginia Retirement Systems Et Al reported 0% of its portfolio in Weight Watchers International, Inc. (NYSE:WTW). Voloridge Investment Ltd Company has invested 0.14% in Weight Watchers International, Inc. (NYSE:WTW). Principal Fin Group holds 0% or 29,488 shares. Prtn Ltd Liability Corp reported 0.56% in Weight Watchers International, Inc. (NYSE:WTW). Investec Asset Mgmt Limited stated it has 0% of its portfolio in Weight Watchers International, Inc. (NYSE:WTW). Hanson And Doremus Inv holds 875 shares. Alliancebernstein Lp holds 0% or 60,680 shares in its portfolio. Park West Asset Limited invested in 1.69 million shares or 3.42% of the stock. Moreover, Sanctuary Wealth Limited Liability Com has 3.15% invested in Weight Watchers International, Inc. (NYSE:WTW). Trexquant Investment LP accumulated 0.11% or 21,704 shares. Stratos Wealth Prns Limited holds 1,505 shares. Chicago Equity Prns Lc invested in 30,800 shares. Hutchin Hill Capital LP holds 0.09% or 7,600 shares. Quantbot LP owns 27,775 shares for 0.11% of their portfolio.

Since March 2, 2018, it had 1 buying transaction, and 1 insider sale for $142.57 million activity. KELLY DENIS F also bought $137,335 worth of Weight Watchers International, Inc. (NYSE:WTW) on Thursday, March 8.

Among 7 analysts covering Weight Watchers International (NYSE:WTW), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. Weight Watchers International had 27 analyst reports since August 8, 2015 according to SRatingsIntel. Craig Hallum maintained it with “Buy” rating and $70.0 target in Tuesday, November 7 report. The firm has “Buy” rating given on Friday, January 19 by Craig Hallum. FBR Capital maintained Weight Watchers International, Inc. (NYSE:WTW) on Wednesday, March 14 with “Buy” rating. The stock of Weight Watchers International, Inc. (NYSE:WTW) earned “Buy” rating by Craig Hallum on Thursday, April 12. Sidoti initiated Weight Watchers International, Inc. (NYSE:WTW) on Tuesday, May 24 with “Buy” rating. The stock of Weight Watchers International, Inc. (NYSE:WTW) has “Buy” rating given on Monday, October 19 by Craig Hallum. Craig Hallum maintained Weight Watchers International, Inc. (NYSE:WTW) on Tuesday, February 6 with “Buy” rating. Craig Hallum maintained it with “Buy” rating and $35 target in Monday, December 7 report. The stock has “Buy” rating by FBR Capital on Thursday, February 8. Morgan Stanley downgraded the stock to “Underweight” rating in Friday, December 16 report.

Analysts await Weight Watchers International, Inc. (NYSE:WTW) to report earnings on May, 1. They expect $0.06 earnings per share, up 700.00% or $0.07 from last year’s $-0.01 per share. WTW’s profit will be $3.97 million for 281.46 P/E if the $0.06 EPS becomes a reality. After $0.37 actual earnings per share reported by Weight Watchers International, Inc. for the previous quarter, Wall Street now forecasts -83.78% negative EPS growth.

Indus Capital Partners Llc, which manages about $7.51 billion and $1.02 billion US Long portfolio, upped its stake in New Oriental Ed & Tech Grp I (NYSE:EDU) by 14,464 shares to 424,364 shares, valued at $39.89 million in 2017Q4, according to the filing. It also increased its holding in Herbalife Ltd (NYSE:HLF) by 501,901 shares in the quarter, for a total of 658,501 shares, and has risen its stake in Taiwan Semiconductor Mfg Ltd (NYSE:TSM).

Analysts await OceanFirst Financial Corp. (NASDAQ:OCFC) to report earnings on April, 26 after the close. They expect $0.38 EPS, down 5.00% or $0.02 from last year’s $0.4 per share. OCFC’s profit will be $18.01M for 17.25 P/E if the $0.38 EPS becomes a reality. After $0.45 actual EPS reported by OceanFirst Financial Corp. for the previous quarter, Wall Street now forecasts -15.56% negative EPS growth.

Investors sentiment increased to 1.79 in 2017 Q4. Its up 0.05, from 1.74 in 2017Q3. It improved, as 9 investors sold OCFC shares while 29 reduced holdings. 26 funds opened positions while 42 raised stakes. 22.84 million shares or 4.61% more from 21.84 million shares in 2017Q3 were reported. 21,237 were accumulated by Amer Intl Grp. Maltese Capital Mgmt Lc reported 300 shares stake. Rhumbline Advisers reported 0% in OceanFirst Financial Corp. (NASDAQ:OCFC). Clover Prns Limited Partnership reported 146,608 shares or 3.66% of all its holdings. Millennium Management Lc reported 0.01% stake. 158,488 are held by Elizabeth Park Advsr. Sei invested in 3,775 shares. Moreover, Northern Tru has 0% invested in OceanFirst Financial Corp. (NASDAQ:OCFC). Schwab Charles Inv Management has 0% invested in OceanFirst Financial Corp. (NASDAQ:OCFC). Moreover, Comml Bank Of America De has 0% invested in OceanFirst Financial Corp. (NASDAQ:OCFC) for 66,014 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 2,392 shares or 0% of its portfolio. Ubs Asset Americas Inc has 0% invested in OceanFirst Financial Corp. (NASDAQ:OCFC). Thomson Horstmann Bryant invested in 0.58% or 166,851 shares. 36,450 were accumulated by Mercer Advisers. Private Cap Limited Co has invested 1.55% of its portfolio in OceanFirst Financial Corp. (NASDAQ:OCFC).

Among 4 analysts covering OceanFirst Financial Corp. (NASDAQ:OCFC), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. OceanFirst Financial Corp. had 16 analyst reports since September 1, 2015 according to SRatingsIntel. The stock has “Buy” rating by Piper Jaffray on Monday, February 12. As per Wednesday, September 27, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Buy” rating given on Thursday, July 13 by Piper Jaffray. On Thursday, July 27 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Monday, February 26 report. The stock of OceanFirst Financial Corp. (NASDAQ:OCFC) earned “Sell” rating by Zacks on Tuesday, September 1. The firm has “Hold” rating by Sandler O’Neill given on Monday, January 30. The firm has “Buy” rating by Sandler O’Neill given on Wednesday, September 20. The company was maintained on Thursday, October 26 by Piper Jaffray. On Sunday, January 28 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”.

Since January 8, 2018, it had 0 insider purchases, and 4 selling transactions for $731,985 activity. Burke Joseph J sold $39,828 worth of stock. BRADY STEVEN E had sold 20,000 shares worth $520,320 on Monday, February 5. $39,837 worth of OceanFirst Financial Corp. (NASDAQ:OCFC) shares were sold by CATANIA ANGELO.

Mendon Capital Advisors Corp, which manages about $171.54M and $1.05B US Long portfolio, upped its stake in Ishares Tr (Put) (IWM) by 17,000 shares to 305,000 shares, valued at $46.50M in 2017Q4, according to the filing. It also increased its holding in Western New Eng Bancorp Inc by 46,874 shares in the quarter, for a total of 913,532 shares, and has risen its stake in Live Oak Bancshares Inc.

Weight Watchers International, Inc. (NYSE:WTW) Institutional Positions Chart

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