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

From the Filing

0001999371-24-001855.txt : 20240212 0001999371-24-001855.hdr.sgml : 20240212 20240212130858 ACCESSION NUMBER: 0001999371-24-001855 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240212 GROUP MEMBERS: CONTRARIUS INVESTMENT MANAGEMENT (BERMUDA) LTD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WW INTERNATIONAL, INC. CENTRAL INDEX KEY: 0000105319 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 116040273 STATE OF INCORPORATION: VA FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-78065 FILM NUMBER: 24618813 BUSINESS ADDRESS: STREET 1: 675 AVENUE OF THE AMERICAS STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 2125892700 MAIL ADDRESS: STREET 1: 675 AVENUE OF THE AMERICAS STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10010 FORMER COMPANY: FORMER CONFORMED NAME: WEIGHT WATCHERS INTERNATIONAL INC DATE OF NAME CHANGE: 19991123 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Contrarius Investment Management Ltd CENTRAL INDEX KEY: 0001483738 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: Y9 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 2 BOND STREET CITY: ST. HELIER STATE: Y9 ZIP: JE2 3NP BUSINESS PHONE: 44 1534 823 136 MAIL ADDRESS: STREET 1: 2 BOND STREET CITY: ST. HELIER STATE: Y9 ZIP: JE2 3NP SC 13G 1 wwi-sc13g_123123.htm SCHEDULE FILED TO REPORT ACQUISITION OF BENEFICIAL OWNERSHIP UNITED STATES 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