World Wrestling Entertainment, Inc. (WWE) Gets Tag Teamed By Wells Fargo, Hedge Funds And Makes Them Submit

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How are hedge funds trading World Wrestling Entertainment, Inc. (NYSE:WWE)?

When looking at the hedgies followed by Insider Monkey, Eminence Capital, managed by Ricky Sandler, holds the number one position in World Wrestling Entertainment, Inc. (NYSE:WWE). Eminence Capital has a $45.9 million position in the stock of 3.28 million shares, comprising 0.7% of its 13F portfolio. Sitting at the number two spot is Mario Cibelli of Marathon Partners, with a $17.7 million position in 1.26 million shares; 7.2% of its 13F portfolio is allocated to the stock. Some other hedgies that are bullish encompass Andrew Sandler’s Sandler Capital Management, Michael Zimmerman’s Prentice Capital Management, and Neil Chriss’ Hutchin Hill Capital.

With a general bullishness amongst the heavyweights, specific money managers have been driving this bullishness. The previously mentioned Sandler Capital Management headed by Andrew Sandler, initiated the most outsized position in World Wrestling Entertainment, Inc. (NYSE:WWE) by the end of March, with a $3.6 million holding of 260,240 shares of the company. Michael Zimmerman’s Prentice Capital Management also initiated a $3.1 million position during the quarter, buying 218,499 shares. The following funds were also among the new WWE investors: Neil Chriss’ Hutchin Hill Capital, Matthew Hulsizer’s PEAK6 Capital Management, and Mike Vranos’ Ellington.

World Wrestling Entertainment, Inc. (NYSE:WWE) appears to be a good stock to buy at the moment, taking into account how bullish hedge funds and Wells Fargo are on the stock and the continuing strength of the brand around the world.

Disclosure: None

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