Formula Growth Ltd. held its position in shares of World Wrestling Entertainment, Inc. (NYSE:WWE) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,000 shares of the company’s stock at the end of the 2nd quarter. Formula Growth Ltd. owned approximately 0.06% of World Wrestling Entertainment worth $1,019,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Pinebridge Investments L.P. boosted its position in shares of World Wrestling Entertainment by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 5,073 shares of the company’s stock valued at $104,000 after buying an additional 51 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of World Wrestling Entertainment by 78.8% during the second quarter. State of Alaska Department of Revenue now owns 7,601 shares of the company’s stock valued at $154,000 after buying an additional 3,351 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of World Wrestling Entertainment by 4.5% during the first quarter. Municipal Employees Retirement System of Michigan now owns 8,790 shares of the company’s stock valued at $195,000 after buying an additional 380 shares during the last quarter. Mason Street Advisors LLC boosted its position in shares of World Wrestling Entertainment by 7.1% during the first quarter. Mason Street Advisors LLC now owns 9,003 shares of the company’s stock valued at $200,000 after buying an additional 600 shares during the last quarter. Finally, NGAM Advisors L.P. purchased a new stake in shares of World Wrestling Entertainment during the second quarter valued at $207,000. 49.49% of the stock is currently owned by institutional investors.

In other World Wrestling Entertainment news, EVP Casey Collins sold 13,383 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $21.23, for a total transaction of $284,121.09. Following the sale, the executive vice president now owns 43,926 shares in the company, valued at approximately $932,548.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO Michelle D. Wilson sold 55,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $21.25, for a total value of $1,168,750.00. Following the sale, the executive now owns 436,174 shares in the company, valued at approximately $9,268,697.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 173,231 shares of company stock worth $3,660,354. Company insiders own 49.80% of the company’s stock.

World Wrestling Entertainment, Inc. (WWE) opened at 22.60 on Friday. The company has a market cap of $1.74 billion, a P/E ratio of 68.90 and a beta of 0.79. The firm has a 50-day moving average price of $21.46 and a 200-day moving average price of $21.01. World Wrestling Entertainment, Inc. has a 12-month low of $16.77 and a 12-month high of $23.14.

World Wrestling Entertainment (NYSE:WWE) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.06 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. The business had revenue of $214.60 million for the quarter, compared to the consensus estimate of $209.28 million. World Wrestling Entertainment had a return on equity of 13.07% and a net margin of 3.29%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 EPS. On average, analysts forecast that World Wrestling Entertainment, Inc. will post $0.46 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.48 annualized dividend and a yield of 2.12%. World Wrestling Entertainment’s payout ratio is presently 154.84%.

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Several equities research analysts recently commented on the company. BidaskClub cut World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. ValuEngine raised World Wrestling Entertainment from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Benchmark Co. reissued a “buy” rating and issued a $25.00 target price (down previously from $26.00) on shares of World Wrestling Entertainment in a report on Sunday, July 30th. Zacks Investment Research raised World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Monday, July 31st. Finally, Morgan Stanley initiated coverage on World Wrestling Entertainment in a report on Friday, June 30th. They issued an “equal weight” rating and a $23.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $24.38.

World Wrestling Entertainment Company Profile

World Wrestling Entertainment, Inc (WWE) is an integrated media and entertainment company. The Company’s segments are Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, WWE Studios, and Corporate and Other. The Company is engaged in the production and distribution of content through various channels, including its WWE Network, television rights agreements, pay-per-view event programming, live events, feature films, licensing of various WWE themed products, and the sale of consumer products featuring its brands.

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Institutional Ownership by Quarter for World Wrestling Entertainment (NYSE:WWE)

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