Institutional Investors Hate on World Wrestling Entertainmentinc Crashed

June 13, 2018 - By Tina Thibodeau

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

Sentiment for World Wrestling Entertainmentinc (NYSE:WWE)

World Wrestling Entertainmentinc (NYSE:WWE) institutional sentiment decreased to 1.93 in Q1 2018. Its down -0.24, from 2.17 in 2017Q4. The ratio dropped, as 108 investment professionals increased or opened new equity positions, while 56 cut down and sold their stakes in World Wrestling Entertainmentinc. The investment professionals in our partner’s database reported: 44.96 million shares, up from 40.16 million shares in 2017Q4. Also, the number of investment professionals holding World Wrestling Entertainmentinc in their top 10 equity positions was flat from 2 to 2 for the same number . Sold All: 22 Reduced: 34 Increased: 72 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 $4.78 billion. The firm operates through Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, and WWE Studios divisions. It has a 147.38 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 0.16% or $0.1 during the last trading session, reaching $61.9. About 201,256 shares traded. World Wrestling Entertainment, Inc. (NYSE:WWE) has risen 191.71% since June 13, 2017 and is uptrending. It has outperformed by 179.14% the S&P500.

Analysts await World Wrestling Entertainment, Inc. (NYSE:WWE) to report earnings on July, 26. They expect $0.16 EPS, up 128.57 % or $0.09 from last year’s $0.07 per share. WWE’s profit will be $12.35M for 96.72 P/E if the $0.16 EPS becomes a reality. After $0.18 actual EPS reported by World Wrestling Entertainment, Inc. for the previous quarter, Wall Street now forecasts -11.11 % negative EPS growth.

Ibis Capital Partners Llp holds 10.18% of its portfolio in World Wrestling Entertainment, Inc. for 182,546 shares. Lindsell Train Ltd owns 7.13 million shares or 6.79% of their US portfolio. Moreover, Aristotle Capital Boston Llc has 1.56% invested in the company for 923,473 shares. The Massachusetts-based Eagle Boston Investment Management Inc has invested 1.49% in the stock. Elk Creek Partners Llc, a Colorado-based fund reported 602,878 shares.

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

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

Ratings analysis reveals 56% of World Wrestling Enter’s analysts are positive. Out of 9 Wall Street analysts rating World Wrestling Enter, 5 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $38.0 while the high is $71. The stock’s average target of $43.25 is -30.13% below today’s ($61.9) share price. WWE was included in 17 notes of analysts from December 22, 2017. As per Tuesday, April 17, the company rating was downgraded by JP Morgan. The firm has “Buy” rating by Guggenheim given on Thursday, February 22. The firm has “Overweight” rating given on Tuesday, January 30 by Morgan Stanley. The firm has “Neutral” rating by Citigroup given on Friday, December 22. KeyBanc Capital Markets maintained World Wrestling Entertainment, Inc. (NYSE:WWE) on Friday, May 4 with “Overweight” rating. The rating was maintained by Guggenheim with “Buy” on Thursday, January 11. J.P. Morgan downgraded World Wrestling Entertainment, Inc. (NYSE:WWE) on Tuesday, April 17 to “Hold” rating. As per Thursday, January 4, the company rating was upgraded by Wells Fargo. Needham maintained the stock with “Buy” rating in Wednesday, March 7 report. Citigroup maintained it with “Neutral” rating and $43 target in Friday, May 4 report.

More notable recent World Wrestling Entertainment, Inc. (NYSE:WWE) news were published by: Businesswire.com which released: “Imagen Televisión to Televise Raw” on June 01, 2018, also Seekingalpha.com with their article: “World Wrestling Entertainment: Locking In Gains” published on May 22, 2018, Prnewswire.com published: “Special Olympics and WWE Team Up to Support the 2018 Special Olympics USA Games” on June 05, 2018. More interesting news about World Wrestling Entertainment, Inc. (NYSE:WWE) were released by: Fool.com and their article: “Why Shares of WWE Are Surging Today” published on May 17, 2018 as well as Seekingalpha.com‘s news article titled: “WWE +12.7% to all-time high as Guggenheim sees TV gold” with publication date: May 17, 2018.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: