Ibis Capital Partners Llp Position in World Wrestling Entmt INC (WWE) Has Cut by $11.15 Million

April 22, 2018 - By Hazel Jackson

World Wrestling Entertainment, Inc. (NYSE:WWE) LogoInvestors sentiment increased to 2.17 in Q4 2017. Its up 0.22, from 1.95 in 2017Q3. It is positive, as 12 investors sold WWE shares while 34 reduced holdings. 36 funds opened positions while 64 raised stakes. 40.16 million shares or 17.42% more from 34.20 million shares in 2017Q3 were reported. Fny Managed Accounts Limited Liability Corp invested 0% of its portfolio in World Wrestling Entertainment, Inc. (NYSE:WWE). 26,470 are owned by Texas Permanent School Fund. Sei Invests owns 141,846 shares. Teachers Retirement System Of The State Of Kentucky has 12,600 shares for 0% of their portfolio. Voya Invest Lc accumulated 16,755 shares. Polar Capital Llp has 0.2% invested in World Wrestling Entertainment, Inc. (NYSE:WWE). Mason Street Advsrs Llc invested 0.01% in World Wrestling Entertainment, Inc. (NYSE:WWE). Pub Sector Pension Inv Board, Quebec – Canada-based fund reported 24,431 shares. Tudor Invest Et Al accumulated 73,856 shares or 0.06% of the stock. Paloma Prns Mngmt reported 0.01% stake. Products Prns Limited Liability Corp accumulated 228,936 shares. Majedie Asset Management Ltd has invested 0.2% of its portfolio in World Wrestling Entertainment, Inc. (NYSE:WWE). Art Advsr Ltd, New York-based fund reported 75,200 shares. Schwab Charles Inv Management stated it has 185,045 shares. Cornerstone Advsr, a Washington-based fund reported 250 shares.

Since February 11, 2018, it had 0 insider buys, and 2 selling transactions for $123,817 activity. On Friday, February 16 Kowal Mark sold $73,400 worth of World Wrestling Entertainment, Inc. (NYSE:WWE) or 2,000 shares.

David Forster decreased its stake in World Wrestling Entmt Inc (WWE) by 58.11% based on its latest 2017Q4 regulatory filing with the SEC. Ibis Capital Partners Llp sold 371,591 shares as the company’s stock rose 22.44% while stock markets declined. The hedge fund run by David Forster held 267,852 shares of the consumer services company at the end of 2017Q4, valued at $8.19M, down from 639,443 at the end of the previous reported quarter. Ibis Capital Partners Llp who had been investing in World Wrestling Entmt Inc for a number of months, seems to be less bullish one the $3.03B market cap company. The stock increased 1.11% or $0.43 during the last trading session, reaching $39.33. About 635,197 shares traded. World Wrestling Entertainment, Inc. (NYSE:WWE) has risen 63.19% since April 22, 2017 and is uptrending. It has outperformed by 51.64% the S&P500.

Analysts await World Wrestling Entertainment, Inc. (NYSE:WWE) to report earnings on May, 3 before the open. They expect $0.12 earnings per share, up 50.00 % or $0.04 from last year’s $0.08 per share. WWE’s profit will be $9.26M for 81.94 P/E if the $0.12 EPS becomes a reality. After $0.21 actual earnings per share reported by World Wrestling Entertainment, Inc. for the previous quarter, Wall Street now forecasts -42.86 % negative EPS growth.

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

Among 11 analysts covering World Wrestling (NYSE:WWE), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. World Wrestling had 18 analyst reports since October 26, 2017 according to SRatingsIntel. Needham maintained World Wrestling Entertainment, Inc. (NYSE:WWE) on Wednesday, January 24 with “Buy” rating. The stock has “Buy” rating by Guggenheim on Tuesday, April 10. The stock of World Wrestling Entertainment, Inc. (NYSE:WWE) earned “Neutral” rating by JP Morgan on Tuesday, April 17. As per Monday, October 30, the company rating was downgraded by FBN Securities. The rating was upgraded by KeyBanc Capital Markets on Monday, February 12 to “Overweight”. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, January 30. The company was initiated on Wednesday, December 6 by J.P. Morgan. Needham maintained World Wrestling Entertainment, Inc. (NYSE:WWE) on Wednesday, March 7 with “Buy” rating. The company was upgraded on Thursday, January 4 by Wells Fargo. The rating was maintained by M Partners with “Buy” on Wednesday, December 13.

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

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