World Wrestling Entertainmentinc (NYSE:WWE): Stock Institutional Investors Like

April 17, 2018 - By Winifred Garcia

World Wrestling Entertainment, Inc. (NYSE:WWE) Logo

Sentiment for World Wrestling Entertainmentinc (NYSE:WWE)

World Wrestling Entertainmentinc (NYSE:WWE) institutional sentiment increased to 2.17 in 2017 Q4. Its up 0.22, from 1.95 in 2017Q3. The ratio is more positive, as 100 funds opened new or increased holdings, while 46 sold and reduced stakes in World Wrestling Entertainmentinc. The funds in our partner’s database now own: 40.16 million shares, up from 34.20 million shares in 2017Q3. Also, the number of funds holding World Wrestling Entertainmentinc in their top 10 holdings was flat from 2 to 2 for the same number . Sold All: 12 Reduced: 34 Increased: 64 New Position: 36.

World Wrestling Entertainment, Inc., an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company has market cap of $3.01 billion. The firm operates through Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, and WWE Studios divisions. It has a 92.79 P/E ratio. It operates WWE Network, a live streaming network that offers pay-per-view events, original programming, and video-on-demand library; and produces television programming, reality shows, and other programming, as well as produces content via home entertainment platforms, including DVD, Blu-Ray, subscription, and transactional on-demand outlets.

The stock decreased 1.29% or $0.51 during the last trading session, reaching $38.97. About 474,465 shares traded. World Wrestling Entertainment, Inc. (NYSE:WWE) has risen 63.19% since April 17, 2017 and is uptrending. It has outperformed by 51.64% the S&P500.

Analysts await World Wrestling Entertainment, Inc. (NYSE:WWE) to report earnings on May, 3. They expect $0.10 earnings per share, up 25.00 % or $0.02 from last year’s $0.08 per share. WWE’s profit will be $7.72M for 97.43 P/E if the $0.10 EPS becomes a reality. After $0.21 actual earnings per share reported by World Wrestling Entertainment, Inc. for the previous quarter, Wall Street now forecasts -52.38 % negative EPS growth.

Ibis Capital Partners Llp holds 12.25% of its portfolio in World Wrestling Entertainment, Inc. for 267,852 shares. Lindsell Train Ltd owns 7.13 million shares or 6.27% of their US portfolio. Moreover, Aristotle Capital Boston Llc has 1.58% invested in the company for 711,518 shares. The Massachusetts-based Eagle Boston Investment Management Inc has invested 1.54% in the stock. Elk Creek Partners Llc, a Colorado-based fund reported 616,385 shares.#img1#

Since January 1, 0001, it had 0 buys, and 2 selling transactions for $123,817 activity.

World Wrestling Entertainment, Inc. (NYSE:WWE) Ratings Coverage

Ratings analysis reveals 82% of World Wrestling’s analysts are positive. Out of 11 Wall Street analysts rating World Wrestling, 9 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $25.0 while the high is $45.0. The stock’s average target of $36.67 is -5.90% below today’s ($38.97) share price. WWE was included in 16 notes of analysts from October 26, 2017. The stock has “Overweight” rating by KeyBanc Capital Markets on Monday, February 12. The stock of World Wrestling Entertainment, Inc. (NYSE:WWE) earned “Buy” rating by Guggenheim on Tuesday, April 10. The stock of World Wrestling Entertainment, Inc. (NYSE:WWE) has “Buy” rating given on Thursday, January 11 by Guggenheim. Wells Fargo maintained it with “Buy” rating and $4300 target in Tuesday, April 10 report. Needham maintained the shares of WWE in report on Wednesday, January 24 with “Buy” rating. On Thursday, January 4 the stock rating was upgraded by Wells Fargo to “Outperform”. As per Thursday, October 26, the company rating was maintained by Needham. The stock of World Wrestling Entertainment, Inc. (NYSE:WWE) earned “Buy” rating by Needham on Wednesday, March 7. The firm has “Sector Perform” rating given on Monday, October 30 by FBN Securities. The firm has “Buy” rating given on Wednesday, December 13 by M Partners.

World Wrestling Entertainment, Inc. (NYSE:WWE) Institutional Positions Chart

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