As Wynn Resorts LTD (WYNN) Market Value Rose, Northern Cross LLC Has Decreased Stake

December 7, 2017 - By wolcottdaily

Investors sentiment increased to 1.63 in 2017 Q2. Its up 0.53, from 1.1 in 2017Q1. It increased, 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. Invesco owns 1.51 million shares. Jump Trading Limited Co invested in 0.04% or 2,114 shares. 1,942 were reported by Cleararc Cap. Schwab Charles Investment Inc owns 385,889 shares or 0.05% of their US portfolio. Dsm Prtn Lc holds 536,446 shares or 1.07% of its portfolio. Commonwealth Equity Serv Inc holds 0.02% or 19,243 shares. Central Securities Corp stated it has 30,000 shares. Nomura Hldgs holds 11,155 shares. Doheny Asset Mgmt Ca holds 3,100 shares or 0.2% of its portfolio. Moreover, Oregon Public Employees Retirement Fund has 0.02% invested in Wynn Resorts, Limited (NASDAQ:WYNN) for 8,260 shares. Daiwa Securities Grp Inc Inc owns 3,000 shares or 0% of their US portfolio. Fin Architects has 0.03% invested in Wynn Resorts, Limited (NASDAQ:WYNN) for 1,250 shares. Legal General Public Ltd Limited Liability Company invested 0.04% in Wynn Resorts, Limited (NASDAQ:WYNN). Nwi Mngmt Limited Partnership reported 75,000 shares. Exxonmobil Investment Mngmt Tx holds 0.05% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN) for 15,330 shares.

Since June 9, 2017, it had 0 insider purchases, and 1 sale for $5.95 million activity. Another trade for 44,309 shares valued at $5.95M was made by MADDOX MATT on Friday, June 16.

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 8.28 million shares of the consumer services company at the end of 2017Q2, valued at $1.11 billion, down from 9.15 million 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 $16.33B 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 $135.67 million 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: Livetradingnews.com which released: “Wynn Resorts Limited (NASDAQ:WYNN) Extremely Low Volatility” on December 01, 2017, also Nasdaq.com with their article: “4 Reasons Why You Should Invest in Wynn Resorts (WYNN) Now” published on December 01, 2017, Streetinsider.com published: “UPDATE: Argus Downgrades Expedia (EXPE) to Hold, Recommends Investors Buy Wynn …” on December 05, 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 Investorplace.com‘s news article titled: “Why Wynn Resorts, Limited Is a Better Buy Than Activision Blizzard, Inc. Stock” with publication date: December 01, 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 rating was maintained by Stifel Nicolaus with “Hold” on Thursday, November 3. The rating was upgraded by Credit Agricole on Wednesday, September 2 to “Buy”. The company was maintained on Friday, April 1 by Goldman Sachs. On Wednesday, October 11 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) earned “Overweight” rating by Morgan Stanley on Friday, October 13. On Monday, March 7 the stock rating was upgraded by UBS to “Buy”. Sterne Agee CRT downgraded Wynn Resorts, Limited (NASDAQ:WYNN) on Friday, March 11 to “Neutral” rating. The rating was maintained by Telsey Advisory Group with “Outperform” on Friday, July 29. On Monday, October 5 the stock rating was upgraded by Taglich to “Market Perform”. The firm earned “Hold” rating on Friday, October 27 by Stifel Nicolaus.

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