Is Weight Watchers International, Inc. (WTW) A Good Stock To Buy?

Consequently, key money managers were leading the bulls’ herd. Marble Arch Investments also initiated a $3.7 million position during the quarter. The other funds with brand new Weight Watchers International, Inc. (NYSE:WTW) positions are Glenn Russell Dubin’s Highbridge Capital Management, Chao Ku’s Nine Chapters Capital Management, and Paul Tudor Jones’ Tudor Investment Corp.

Let’s now review hedge fund activity in other stocks similar to Weight Watchers International, Inc. (NYSE:WTW). We will take a look at Fifth Street Asset Management Inc (NASDAQ:FSAM), Columbus McKinnon Corp. (NASDAQ:CMCO), TubeMogul Inc (NASDAQ:TUBE), and Ascent Capital Group Inc (NASDAQ:ASCMA). This group of stocks’ market valuations are similar to Weight Watchers International, Inc. (NYSE:WTW)’s market valuation.

As you can see, these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $56 million. That figure was $26 million in Weight Watchers International, Inc. (NYSE:WTW)’s case. Columbus McKinnon Corp. (NASDAQ:CMCO) is the most popular stock in this table. On the other hand, Fifth Street Asset Management Inc (NASDAQ:FSAM) is the least popular one with only 6 bullish hedge fund positions. Weight Watchers International, Inc. (NYSE:WTW) is not the most popular stock in this group, but hedge fund interest is still above average. This is a slightly positive signal, but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard, Columbus McKinnon Corp. (NASDAQ:CMCO) might be a better candidate to consider a long position.