Contrarius Investment Mgmt. Takes 7.4M Share Stake in WW Intl.

TL;DR

**Contrarius just bought 7.4M shares of WW, signaling a big institutional bet.**

AI Summary

Contrarius Investment Management Ltd. has reported a significant stake in WW International, Inc. (formerly Weight Watchers International Inc.), beneficially owning 7,442,814 shares of common stock as of December 31, 2023. This represents a shared voting and dispositive power over these shares. This matters to investors because a large institutional investor taking such a substantial position could signal confidence in WW International's future, potentially influencing other investors and the stock price.

Why It Matters

A major institutional investor, Contrarius Investment Management Ltd., has disclosed a significant ownership stake in WW International, Inc., which could be interpreted as a vote of confidence in the company's prospects.

Risk Assessment

Risk Level: low — This filing indicates an institutional investor has taken a significant position, which is generally seen as a positive or neutral development.

Analyst Insight

A smart investor would monitor WW International, Inc. for any further institutional buying or selling activity and research Contrarius Investment Management Ltd.'s investment thesis to understand their rationale for this significant stake.

Key Numbers

• 7,442,814 — Shares Beneficially Owned (Represents the total number of common stock shares of WW International, Inc. that Contrarius Investment Management Ltd. has shared voting and dispositive power over.)
• 98262P101 — CUSIP Number (Unique identifier for WW International, Inc.'s common stock.)

Key Players & Entities

• Contrarius Investment Management Ltd. (company) — reporting person and beneficial owner
• WW INTERNATIONAL, INC. (company) — issuer of the securities
• 7,442,814 (dollar_amount) — number of shares beneficially owned
• December 31, 2023 (person) — date of event requiring filing

Forward-Looking Statements

• WW International's stock price may see increased stability or positive sentiment due to institutional backing. (WW INTERNATIONAL, INC.) — medium confidence, target: Q2 2024

FAQ

Filing Documents

• wwi-sc13g_123123.htm (SC 13G) — 74KB
• 0001999371-24-001855.txt ( ) — 76KB

From the Filing

SC 13G 1 wwi-sc13g_123123.htm SCHEDULE FILED TO REPORT ACQUISITION OF BENEFICIAL OWNERSHIP UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO §240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO §240.13d-2. WW INTERNATIONAL, INC. (Name of Issuer) COMMON STOCK (Title of Class of Securities) 98262P101 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (as amended, the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 98262P101 13G Page 2 of 7 pages 1 NAMES OF REPORTING PERSONS CONTRARIUS INVESTMENT MANAGEMENT LIMITED 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Jersey, Channel Islands NUMBERS OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 7,442,814 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 7,442,814 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,442,814 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.4% 12 TYPE OF REPORTING PERSON (See Instructions) FI - 2 - CUSIP No. 98262P101 13G Page 3 of 7 pages 1 NAMES OF REPORTING PERSONS CONTRARIUS INVESTMENT MANAGEMENT (BERMUDA) LIMITED 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda NUMBERS OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 7,442,814 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 7,442,814 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,442,814 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.4% 12 TYPE OF REPORTING PERSON (See Instructions) FI - 3 - SCHEDULE 13G Item 1(a). Name of Issuer: WW International, Inc. Item 1(b). Address of Issuer’s Principal Executive Offices: 675 Avenue of the Americas, 6 th Floor, New York, New York 10010 Item 2(a). Name of Person Filing: Contrarius Investment Management Limited Contrarius Investment Management (Bermuda) Limited Item 2(b). Address of Principal Business Office or, if None, Residence: Contrarius Investment Management Limited - 2 Bond Street, St. Helier, Jersey JE2 3NP, Channel Islands Contrarius Investment Management (Bermuda) Limited – Waterloo House, 100 Pitts Bay Road, Pembroke HM 08 Bermuda Item 2(c). Citizenship: Contrarius Investment Management Limited is a company organized under the laws of Jersey, Channel Islands. Contrarius Investment Management (Bermuda) Limited is a company organized under the laws of Bermuda. Item 2(d). Title of Class of Securities: Common Stock Item 2(e). CUSIP Number: 98262P101 Item 3. If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). - 4 - (e) An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E). (f) An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F). (g) A parent holding company or control person in accordance with § 240.13d– 1(b)(1)(ii)(G). (h) A savings association as defined in Section 3 (b) of the Federal Deposit Insurance Act (12 U.S. C. 1813). (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S. C. 80a-3). (j) A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J). (k) Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: Equivalent to IA. Item 4. Ownership. Provide

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