As Wynn Resorts LTD (Call) (WYNN) Share Value Declined, Holder Peak6 Investments LP Has Decreased Position by $6.51 Million

October 11, 2018 - By olga

Wynn Resorts, Limited (NASDAQ:WYNN) LogoInvestors sentiment increased to 1.48 in 2018 Q2. Its up 0.58, from 0.9 in 2018Q1. It is positive, as 52 investors sold WYNN shares while 117 reduced holdings. 65 funds opened positions while 185 raised stakes. 79.61 million shares or 1.49% less from 80.81 million shares in 2018Q1 were reported. Hudson Bay Cap Management L P, New York-based fund reported 10,800 shares. Vanguard Gp Inc has invested 0.07% in Wynn Resorts, Limited (NASDAQ:WYNN). Signaturefd Ltd Liability Corp reported 0.01% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). Washington Tru Company reported 700 shares. Assetmark Incorporated has invested 0% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). Fmr Limited Liability Corporation reported 0.01% in Wynn Resorts, Limited (NASDAQ:WYNN). 4,379 are owned by Scotia Capital. Nuveen Asset Mngmt Limited Liability Corporation accumulated 90,767 shares. Guardian Life Insur Of America invested in 0.01% or 233 shares. 168,576 were accumulated by Asset Mgmt One Co Limited. Archon Prns reported 0.22% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). Wetherby Asset has invested 0.03% in Wynn Resorts, Limited (NASDAQ:WYNN). Swiss Comml Bank holds 321,762 shares. Bessemer Group Inc Inc accumulated 14 shares or 0% of the stock. Prudential Finance invested 0.02% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN).

Since May 1, 2018, it had 0 insider buys, and 3 selling transactions for $8.97 million activity. Another trade for 10,000 shares valued at $1.92M was sold by MILLER ROBERT JOS.

Peak6 Investments Lp decreased its stake in Wynn Resorts Ltd (Call) (WYNN) by 11.11% based on its latest 2018Q2 regulatory filing with the SEC. Peak6 Investments Lp sold 39,000 shares as the company’s stock declined 23.51% while stock markets rallied. The hedge fund held 312,100 shares of the consumer services company at the end of 2018Q2, valued at $52.23 million, down from 351,100 at the end of the previous reported quarter. Peak6 Investments Lp who had been investing in Wynn Resorts Ltd (Call) for a number of months, seems to be less bullish one the $12.68B market cap company. The stock increased 1.36% or $1.57 during the last trading session, reaching $116.68. About 559,574 shares traded. Wynn Resorts, Limited (NASDAQ:WYNN) has declined 7.52% since October 11, 2017 and is downtrending. It has underperformed by 23.14% the S&P500.

Peak6 Investments Lp, which manages about $23.41B US Long portfolio, upped its stake in Apache Corp (Call) (NYSE:APA) by 440,800 shares to 467,700 shares, valued at $21.87 million in 2018Q2, according to the filing. It also increased its holding in Morgan Stanley (NYSE:MS) by 196,047 shares in the quarter, for a total of 635,747 shares, and has risen its stake in Tyson Foods Inc (Put) (NYSE:TSN).

Analysts await Wynn Resorts, Limited (NASDAQ:WYNN) to report earnings on October, 25. They expect $1.93 EPS, up 26.97 % or $0.41 from last year’s $1.52 per share. WYNN’s profit will be $209.67 million for 15.11 P/E if the $1.93 EPS becomes a reality. After $1.53 actual EPS reported by Wynn Resorts, Limited for the previous quarter, Wall Street now forecasts 26.14 % EPS growth.

More recent Wynn Resorts, Limited (NASDAQ:WYNN) news were published by: Bizjournals.com which released: “Luxury nightclub, restaurant planned for Wynn’s Encore Boston Harbor” on October 11, 2018. Also Seekingalpha.com published the news titled: “A Deeper Look At US-China Trade And Mainland Performance” on October 10, 2018. Seekingalpha.com‘s news article titled: “Studio City preps for IPO” with publication date: October 11, 2018 was also an interesting one.

Wynn Resorts, Limited (NASDAQ:WYNN) Ratings Coverage

Among 10 analysts covering Wynn Resorts (NASDAQ:WYNN), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Wynn Resorts had 19 analyst reports since April 19, 2018 according to SRatingsIntel. Nomura maintained the shares of WYNN in report on Monday, July 9 with “Buy” rating. On Thursday, August 2 the stock rating was maintained by Susquehanna with “Positive”. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) earned “Buy” rating by Jefferies on Friday, June 29. The stock has “Buy” rating by Deutsche Bank on Thursday, April 19. Nomura maintained Wynn Resorts, Limited (NASDAQ:WYNN) on Wednesday, April 25 with “Buy” rating. Morgan Stanley maintained the stock with “Equal-Weight” rating in Tuesday, June 26 report. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, August 2. On Tuesday, August 7 the stock rating was downgraded by Argus Research to “Hold”. Jefferies maintained the stock with “Buy” rating in Wednesday, April 25 report. The rating was maintained by Deutsche Bank with “Buy” on Monday, June 4.

Wynn Resorts, Limited (NASDAQ:WYNN) Institutional Positions Chart

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