World Wrestling Entertainment, Inc. (WWE) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its position in World Wrestling Entertainment, Inc. (NYSE:WWE) by 8.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,262 shares of the company’s stock after selling 5,538 shares during the period. California State Teachers Retirement System owned approximately 0.08% of World Wrestling Entertainment worth $1,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. Pinebridge Investments L.P. raised its stake in World Wrestling Entertainment by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,073 shares of the company’s stock worth $104,000 after acquiring an additional 51 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in shares of World Wrestling Entertainment by 7.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 23,290 shares of the company’s stock valued at $474,000 after buying an additional 1,550 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of World Wrestling Entertainment by 6.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,110 shares of the company’s stock valued at $634,000 after buying an additional 1,846 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of World Wrestling Entertainment by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 314,605 shares of the company’s stock valued at $7,409,000 after buying an additional 2,378 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of World Wrestling Entertainment by 3.4% during the 3rd quarter. Rhumbline Advisers now owns 76,188 shares of the company’s stock valued at $1,794,000 after buying an additional 2,485 shares during the last quarter. Institutional investors own 49.81% of the company’s stock.

Shares of World Wrestling Entertainment, Inc. (WWE) opened at $33.47 on Tuesday. World Wrestling Entertainment, Inc. has a 12-month low of $19.12 and a 12-month high of $34.05. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.62 and a current ratio of 2.68. The company has a market capitalization of $2,580.00, a PE ratio of 72.76, a PEG ratio of 2.69 and a beta of 0.86.

World Wrestling Entertainment (NYSE:WWE) last posted its earnings results on Thursday, October 26th. The company reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.08. World Wrestling Entertainment had a return on equity of 17.05% and a net margin of 4.56%. The firm had revenue of $186.40 million for the quarter, compared to analysts’ expectations of $176.19 million. During the same period last year, the firm earned $0.14 EPS. The company’s quarterly revenue was up 13.5% on a year-over-year basis. analysts predict that World Wrestling Entertainment, Inc. will post 0.61 earnings per share for the current fiscal year.

In related news, SVP Blake Timothy Bilstad sold 1,801 shares of World Wrestling Entertainment stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $26.40, for a total value of $47,546.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Vincent K. Mcmahon sold 3,340,000 shares of World Wrestling Entertainment stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $28.68, for a total value of $95,791,200.00. Following the completion of the sale, the chief executive officer now owns 3,340,000 shares in the company, valued at $95,791,200. The disclosure for this sale can be found here. 49.80% of the stock is owned by company insiders.

A number of research firms have weighed in on WWE. Zacks Investment Research upgraded World Wrestling Entertainment from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective for the company in a research note on Monday, October 30th. KeyCorp reiterated a “hold” rating on shares of World Wrestling Entertainment in a research note on Tuesday, October 17th. Benchmark lifted their price objective on World Wrestling Entertainment from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. BTIG Research lifted their price objective on World Wrestling Entertainment to $36.00 and gave the company a “buy” rating in a research note on Monday, January 8th. Finally, Guggenheim set a $40.00 price objective on World Wrestling Entertainment and gave the company a “buy” rating in a research note on Thursday, January 11th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.43.

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About World Wrestling Entertainment

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.

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

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