Engineers Gate Manager LP trimmed its holdings in World Wrestling Entertainment, Inc. (NYSE:WWE) by 39.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,353 shares of the company’s stock after selling 23,837 shares during the period. Engineers Gate Manager LP’s holdings in World Wrestling Entertainment were worth $741,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Lindsell Train Ltd raised its position in shares of World Wrestling Entertainment by 4.2% in the second quarter. Lindsell Train Ltd now owns 7,082,868 shares of the company’s stock valued at $144,278,000 after buying an additional 286,635 shares during the last quarter. BlackRock Inc. raised its position in shares of World Wrestling Entertainment by 116,814.6% in the first quarter. BlackRock Inc. now owns 4,426,388 shares of the company’s stock valued at $98,355,000 after buying an additional 4,422,602 shares during the last quarter. Morgan Stanley raised its position in shares of World Wrestling Entertainment by 22.5% in the first quarter. Morgan Stanley now owns 1,807,629 shares of the company’s stock valued at $40,165,000 after buying an additional 331,584 shares during the last quarter. Eagle Boston Investment Management Inc. raised its position in shares of World Wrestling Entertainment by 100.8% in the second quarter. Eagle Boston Investment Management Inc. now owns 916,673 shares of the company’s stock valued at $19,516,000 after buying an additional 460,117 shares during the last quarter. Finally, State Street Corp raised its position in shares of World Wrestling Entertainment by 9.3% in the first quarter. State Street Corp now owns 826,608 shares of the company’s stock valued at $18,368,000 after buying an additional 70,057 shares during the last quarter. Institutional investors and hedge funds own 49.50% of the company’s stock.

WWE has been the subject of a number of recent research reports. ValuEngine cut shares of World Wrestling Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Morgan Stanley initiated coverage on shares of World Wrestling Entertainment in a research report on Friday, June 30th. They set an “equal weight” rating and a $23.00 price objective for the company. Zacks Investment Research upgraded shares of World Wrestling Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Benchmark Co. restated a “buy” rating and set a $25.00 price objective (down from $26.00) on shares of World Wrestling Entertainment in a research report on Sunday, July 30th. Finally, BidaskClub cut shares of World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. World Wrestling Entertainment currently has an average rating of “Buy” and an average price target of $24.38.

Shares of World Wrestling Entertainment, Inc. (NYSE WWE) opened at 22.44 on Friday. The company’s 50-day moving average is $21.38 and its 200 day moving average is $20.98. World Wrestling Entertainment, Inc. has a 52-week low of $16.77 and a 52-week high of $23.14. The firm has a market capitalization of $1.73 billion, a PE ratio of 68.41 and a beta of 0.79.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 15th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.14%. The ex-dividend date is Thursday, September 14th. World Wrestling Entertainment’s payout ratio is 154.84%.

In related news, insider Kevin Dunn sold 72,286 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $20.81, for a total value of $1,504,271.66. Following the completion of the transaction, the insider now owns 379,559 shares of the company’s stock, valued at approximately $7,898,622.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction of $1,168,750.00. Following the completion of the transaction, the executive now directly owns 436,174 shares of the company’s stock, valued at approximately $9,268,697.50. The disclosure for this sale can be found here. Insiders sold a total of 173,231 shares of company stock valued at $3,660,354 in the last three months. 49.80% of the stock is currently owned by corporate insiders.

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World Wrestling Entertainment 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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