These Four Stocks Are in Spotlight on Friday and Here’s Why

The Dow Jones Industrial Average remains close an hour before the closing bell, while the S&P 500 is heading towards ending the day in the red. A mixed sentiment was experienced among Weight Watchers International, Inc. (NYSE:WTW), Ubiquiti Networks Inc (NASDAQ:UBNT), TrueCar Inc (NASDAQ:TRUE) and Mad Catz Interactive, Inc. (USA) (NYSEMKT:MCZ) which played on opposing ends of the performance spectrum. Let’s see why these stocks are in the spotlight today. In addition, we will take a look at the hedge fund sentiment towards these stocks.

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Investors have flocked Weight Watchers International, Inc. (NYSE:WTW), whose stock has surged by more than 33% with more than 11 million shares traded. Weight Watchers International, Inc. (NYSE:WTW) has released its third-quarter 2015 financial report and raised its full-year earnings guidance to between $0.64 and $0.74 per share on an adjusted basis. It reported $21.8 million, or $0.38, in net income for the most recent quarter that ended October 3, which is 42.5% lower than the $37.9 million or $0.67 per share from the prior-year period. Its revenues also declined to $273.3 million in the third quarter, compared to $345.2 million from the same period last year. Meanwhile, adjusted operating income declined to $64.2 million in the third quarter of 2015 – reflecting a 30.3% slide from the $92.1 million in the third quarter of 2014.

Most recently, celebrity Oprah Winfrey joined the company’s board of directors and made a $43.2 million equity investment in the company. By the end of the second quarter of 2015, nine funds out of 730 from our database held shares of the company.

Ubiquiti Networks Inc (NASDAQ:UBNT) picked up more than 12% in thick trading following strong results for its first fiscal quarter of 2016. The company released a non-GAAP calculated net income of $45.5 million, or $0.51 per share for the most recent quarter that ended September 30, reflecting an increase from the $43.4 million, or $0.48 per share of the same quarter in 2014. Revenues slightly picked up $151.4 million in the first fiscal quarter of 2016, compared to the $150.1 million, which was reported in the first fiscal quarter of 2015. As guidance for the second quarter of fiscal 2016, Ubiquiti Networks Inc (NASDAQ:UBNT) laid out a revenue projection of between $150 million and $160 million, GAAP EPS range of $0.48 to $0.55 and a non-GAAP EPS range of $0.49 to $0.56.

In addition, the company said its board of directors approved a $50 million stock repurchase program. Ubiquiti builds network communication platforms with over 28 million devices sold worldwide. From the pool of funds in our database, 12 funds held around 1.70% of the company at the end of June.

TrueCar Inc (NASDAQ:TRUE) rocketed by around 31% in active trading, after reporting a narrower GAAP net loss of $11.1 million, or $0.13 per share, for the third quarter of 2015. The car-buying service company reported increased revenues at $72.4 million for the quarter ended September 30, from the $56.8 million reported in the same period last year. TrueCar Inc (NASDAQ:TRUE) said it reached all-time records for unique visitors, prospects and units across its channels. “Total unique visitors reached 6.6 million in the third quarter, representing year-over-year growth of 43%,” company said in a Form 8-K. Sixteen funds in our database held stakes worth $169,000 by the end of the second quarter of 2015.

Mad Catz Interactive, Inc. (USA) (NYSEMKT:MCZ) dropped by some 22% in brisk trading, amid its surge in profits fo the fiscal 2016 second quarter ended September 30. The San Diego, Calif.-based company booked $38.9 million in net sales for the fiscal 2016 second quarter, reflecting a 73% increase from the $22.5 million it reported for the same period last year. Its operating income emerged from last year’s losses and totalled $859,000 for the second quarter, from a loss of $424,000 in the prior-year period. Meanwhile, adjusted EBITDA was $1.40 billion, compared to a loss of $111,000 a year earlier.

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