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Institutional investors hold sway over WW International with 73% stake

EditorAmbhini Aishwarya
Published 20/11/2023, 13:34
© Reuters.
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Institutional investors have a substantial influence on WW International (NASDAQ:WW), Inc., as they currently own about 73% of the company's equity, according to recent reports. This level of ownership suggests that institutional investors play a key role in the company's stock price movements and could significantly impact its corporate policies.

The top 14 shareholders, none of which holds a majority on their own, collectively control half of WW International's shares. This indicates a relatively balanced distribution of power among the leading shareholders, potentially preventing any single entity from having disproportionate control over the company.

Among these influential stakeholders is Millennium Management LLC, a hedge fund that owns a 7.1% stake in WW International. This position grants Millennium Management a notable voice in the company's strategic direction, especially concerning initiatives that may enhance shareholder value.

Board members of WW International also have skin in the game with insider shares valued at approximately $16 million. Their investment ensures that their interests are closely aligned with those of other shareholders when making critical business decisions.

Retail investors are not left out of the equation either; they hold a significant 17% ownership in the company. This level of involvement provides them with the ability to influence company policy to some extent, albeit without overwhelming authority.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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