As Wynn Resorts LTD (WYNN) Share Price Rose, Shareholder Northern Cross LLC Has Decreased Its Position

December 7, 2017 - By Migdalia James

Investors sentiment increased to 1.63 in 2017 Q2. Its up 0.53, from 1.1 in 2017Q1. It is positive, as 30 investors sold WYNN shares while 114 reduced holdings. 87 funds opened positions while 147 raised stakes. 71.80 million shares or 5.30% less from 75.83 million shares in 2017Q1 were reported. Plante Moran Advsr Limited Liability Com reported 0% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). Next Grp Inc stated it has 0% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). Aperio Grp Llc accumulated 34,950 shares or 0.03% of the stock. Balyasny Asset Management Llc holds 312,892 shares. Wellington Mgmt Grp Llp invested in 0.04% or 1.36 million shares. Arrow Fincl Corporation reported 250 shares or 0.01% of all its holdings. Raymond James Associate has invested 0.02% in Wynn Resorts, Limited (NASDAQ:WYNN). Massachusetts Finance Ma owns 932,360 shares. Commonwealth Commercial Bank Of reported 300 shares. Public Employees Retirement System Of Ohio holds 46,525 shares or 0.03% of its portfolio. Two Sigma Ltd Liability invested 0.2% in Wynn Resorts, Limited (NASDAQ:WYNN). Dsm Cap Ltd Liability Com reported 1.07% in Wynn Resorts, Limited (NASDAQ:WYNN). American Assets Inv Management Limited Liability stated it has 3,000 shares. Cap Interest Ltd Ca holds 1.05% in Wynn Resorts, Limited (NASDAQ:WYNN) or 118,100 shares. 6,778 were accumulated by Clinton Group Inc Inc.

Since June 9, 2017, it had 0 insider buys, and 1 sale for $5.95 million activity. Sinatra Kimmarie had sold 22,624 shares worth $2.92 million on Friday, June 9.

Northern Cross Llc decreased its stake in Wynn Resorts Ltd (WYNN) by 9.48% based on its latest 2017Q2 regulatory filing with the SEC. Northern Cross Llc sold 867,117 shares as the company’s stock rose 26.92% with the market. The institutional investor held 8.28M shares of the consumer services company at the end of 2017Q2, valued at $1.11B, down from 9.15M at the end of the previous reported quarter. Northern Cross Llc who had been investing in Wynn Resorts Ltd for a number of months, seems to be less bullish one the $16.33 billion market cap company. The stock increased 0.68% or $1.07 during the last trading session, reaching $158.92. About 930,282 shares traded. Wynn Resorts, Limited (NASDAQ:WYNN) has risen 37.63% since December 7, 2016 and is uptrending. It has outperformed by 20.93% the S&P500.

Analysts await Wynn Resorts, Limited (NASDAQ:WYNN) to report earnings on January, 25. They expect $1.32 earnings per share, up 164.00 % or $0.82 from last year’s $0.5 per share. WYNN’s profit will be $135.67M for 30.10 P/E if the $1.32 EPS becomes a reality. After $1.52 actual earnings per share reported by Wynn Resorts, Limited for the previous quarter, Wall Street now forecasts -13.16 % negative EPS growth.

More notable recent Wynn Resorts, Limited (NASDAQ:WYNN) news were published by: Nasdaq.com which released: “4 Reasons Why You Should Invest in Wynn Resorts (WYNN) Now” on December 01, 2017, also Fool.com with their article: “What to Expect From Wynn Resorts Ltd. in 2018” published on November 24, 2017, Investorplace.com published: “Why Wynn Resorts, Limited Is a Better Buy Than Activision Blizzard, Inc. Stock” on December 01, 2017. More interesting news about Wynn Resorts, Limited (NASDAQ:WYNN) were released by: Streetinsider.com and their article: “Wynn Resorts Ltd (WYNN): Buy Wynn for Potential VIP GGR Upside – Goldman Sachs” published on November 21, 2017 as well as Streetinsider.com‘s news article titled: “UPDATE: Argus Downgrades Expedia (EXPE) to Hold, Recommends Investors Buy Wynn …” with publication date: December 05, 2017.

Wynn Resorts, Limited (NASDAQ:WYNN) Ratings Coverage

Among 26 analysts covering Wynn Resorts (NASDAQ:WYNN), 12 have Buy rating, 1 Sell and 13 Hold. Therefore 46% are positive. Wynn Resorts had 62 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, October 27. The stock has “Market Perform” rating by Telsey Advisory Group on Thursday, November 19. The firm has “Buy” rating given on Wednesday, April 5 by Argus Research. On Friday, September 29 the stock rating was maintained by UBS with “Buy”. The rating was upgraded by UBS on Monday, March 7 to “Buy”. The stock has “Overweight” rating by JP Morgan on Thursday, October 8. UBS maintained the shares of WYNN in report on Friday, July 8 with “Buy” rating. The company was downgraded on Thursday, July 14 by JP Morgan. Deutsche Bank maintained it with “Hold” rating and $100 target in Wednesday, October 12 report. As per Friday, July 14, the company rating was maintained by Stifel Nicolaus.

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