World Wrestling Entertainment, Inc. (WWE) Shares Bought by New York State Common Retirement Fund

Share on StockTwits

New York State Common Retirement Fund boosted its holdings in World Wrestling Entertainment, Inc. (NYSE:WWE) by 84.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 88,038 shares of the company’s stock after acquiring an additional 40,338 shares during the period. New York State Common Retirement Fund’s holdings in World Wrestling Entertainment were worth $6,578,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of WWE. Robeco Institutional Asset Management B.V. acquired a new position in World Wrestling Entertainment in the third quarter valued at $222,000. Victory Capital Management Inc. increased its stake in World Wrestling Entertainment by 214.5% in the third quarter. Victory Capital Management Inc. now owns 26,618 shares of the company’s stock valued at $2,575,000 after purchasing an additional 18,154 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in World Wrestling Entertainment in the third quarter valued at $406,000. American Century Companies Inc. increased its stake in World Wrestling Entertainment by 5.2% in the third quarter. American Century Companies Inc. now owns 137,453 shares of the company’s stock valued at $13,296,000 after purchasing an additional 6,813 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in World Wrestling Entertainment in the third quarter valued at $403,000. Institutional investors and hedge funds own 63.21% of the company’s stock.

A number of analysts recently commented on WWE shares. Guggenheim boosted their price objective on shares of World Wrestling Entertainment from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 28th. Zacks Investment Research raised shares of World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Monday, January 14th. KeyCorp set a $104.00 price objective on shares of World Wrestling Entertainment and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Loop Capital started coverage on shares of World Wrestling Entertainment in a report on Friday, December 21st. They set a “hold” rating and a $85.00 price objective on the stock. Finally, FBN Securities raised shares of World Wrestling Entertainment from a “sector perform” rating to an “outperform” rating in a report on Tuesday, November 27th. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. World Wrestling Entertainment has an average rating of “Buy” and an average price target of $95.31.

In related news, insider George A. Barrios sold 37,500 shares of the firm’s stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $70.61, for a total transaction of $2,647,875.00. Following the completion of the sale, the insider now directly owns 356,946 shares of the company’s stock, valued at approximately $25,203,957.06. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider George A. Barrios sold 60,000 shares of the firm’s stock in a transaction on Monday, January 28th. The shares were sold at an average price of $81.52, for a total transaction of $4,891,200.00. Following the sale, the insider now directly owns 287,103 shares of the company’s stock, valued at $23,404,636.56. The disclosure for this sale can be found here. Insiders have sold 137,500 shares of company stock valued at $10,891,075 in the last ninety days. 43.90% of the stock is currently owned by company insiders.

Shares of WWE opened at $90.63 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.08. The company has a market cap of $6.83 billion, a P/E ratio of 80.92 and a beta of 1.36. World Wrestling Entertainment, Inc. has a 1 year low of $34.69 and a 1 year high of $97.69.

World Wrestling Entertainment (NYSE:WWE) last announced its quarterly earnings data on Thursday, February 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.14. World Wrestling Entertainment had a net margin of 10.71% and a return on equity of 34.02%. The business had revenue of $272.50 million for the quarter, compared to the consensus estimate of $255.01 million. During the same quarter in the prior year, the firm posted $0.20 earnings per share. The company’s quarterly revenue was up 28.8% compared to the same quarter last year. On average, equities analysts predict that World Wrestling Entertainment, Inc. will post 1.24 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 25th. Investors of record on Friday, March 15th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.53%. The ex-dividend date is Thursday, March 14th. World Wrestling Entertainment’s dividend payout ratio (DPR) is 42.86%.

WARNING: “World Wrestling Entertainment, Inc. (WWE) Shares Bought by New York State Common Retirement Fund” was first posted by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.tickerreport.com/banking-finance/4223397/world-wrestling-entertainment-inc-wwe-shares-bought-by-new-york-state-common-retirement-fund.html.

About World Wrestling Entertainment

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. It operates in three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form media content across various platforms, including WWE Network, pay television, and digital and social media, as well as filmed entertainment.

Recommended Story: How do buyers and sellers choose a strike price?

Want to see what other hedge funds are holding WWE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for World Wrestling Entertainment, Inc. (NYSE:WWE).

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

Receive News & Ratings for World Wrestling Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Wrestling Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Unification  Price Hits $0.0362 on Exchanges
Unification Price Hits $0.0362 on Exchanges
DaTa eXchange  Trading Up 11% This Week
DaTa eXchange Trading Up 11% This Week
Booking  Research Coverage Started at Needham & Company LLC
Booking Research Coverage Started at Needham & Company LLC
Insider Buying: Chemours Co  Director Acquires 5,000 Shares of Stock
Insider Buying: Chemours Co Director Acquires 5,000 Shares of Stock
Weekly Research Analysts’ Ratings Updates for NEWTEK Business Services
Weekly Research Analysts’ Ratings Updates for NEWTEK Business Services
Financial Survey: Trans Energy  and Canadian Natural Resources
Financial Survey: Trans Energy and Canadian Natural Resources


© 2006-2019 Ticker Report