Northern Cross LLC Decreased Holding in Wynn Resorts LTD (WYNN) by $116.19 Million as Share Price Rose

December 7, 2017 - By Jacob Falcon

Investors sentiment increased to 1.63 in Q2 2017. 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. Architects owns 1,250 shares for 0.03% of their portfolio. Fjarde Ap, Alabama-based fund reported 19,226 shares. Hussman Strategic Advsrs has 0.02% invested in Wynn Resorts, Limited (NASDAQ:WYNN) for 800 shares. Maverick Limited accumulated 2.12% or 1.26 million shares. Oakbrook Invests Ltd Liability Corp invested in 5,940 shares or 0.05% of the stock. Kayne Anderson Rudnick Ltd Liability Corp owns 388,727 shares for 0.52% of their portfolio. 2,915 are held by Institute For Wealth Management Limited Company. Bessemer Group holds 0% or 30 shares in its portfolio. Farmers & Merchants Investments invested 0% in Wynn Resorts, Limited (NASDAQ:WYNN). State Of Tennessee Treasury Department owns 77,983 shares. Gulf Int Natl Bank (Uk) has invested 0% in Wynn Resorts, Limited (NASDAQ:WYNN). Moreover, Wealthtrust has 0.01% invested in Wynn Resorts, Limited (NASDAQ:WYNN) for 194 shares. Davidson Kempner Capital Mngmt Ltd Partnership holds 0.67% or 212,500 shares. Morgens Waterfall Vintiadis Incorporated reported 4.04% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). Natixis owns 10,768 shares for 0.02% of their portfolio.

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

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 $1.11B, 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 EPS, 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 EPS 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: “UPDATE: Argus Downgrades Expedia (EXPE) to Hold, Recommends Investors Buy Wynn …” published on December 05, 2017 as well as Livetradingnews.com‘s news article titled: “Wynn Resorts Limited (NASDAQ:WYNN) Extremely Low Volatility” 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 firm has “Buy” rating by Gabelli given on Tuesday, October 27. The rating was maintained by Telsey Advisory Group on Thursday, November 19 with “Market Perform”. The firm has “Neutral” rating by UBS given on Wednesday, July 20. The rating was maintained by Telsey Advisory Group with “Underperform” on Friday, September 25. As per Friday, January 27, the company rating was upgraded by Instinet. As per Monday, June 5, the company rating was maintained by Deutsche Bank. The rating was downgraded by Union Gaming to “Hold” on Wednesday, July 26. The rating was upgraded by Jefferies on Monday, October 19 to “Hold”. As per Friday, April 29, the company rating was downgraded by Credit Agricole. The rating was downgraded by CLSA to “Outperform” on Friday, April 29.

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