As Wynn Resorts LTD (Call) (WYNN) Stock Declined, Shareholder Peak6 Investments LP Has Trimmed Stake

October 11, 2018 - By Darrin Black

Wynn Resorts, Limited (NASDAQ:WYNN) LogoInvestors sentiment increased to 1.48 in 2018 Q2. Its up 0.58, from 0.9 in 2018Q1. It improved, 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. Lord Abbett And Ltd Llc holds 0.04% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN) for 89,479 shares. Egerton Capital (Uk) Llp accumulated 2.24M shares or 2.87% of the stock. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Corp has 0.07% invested in Wynn Resorts, Limited (NASDAQ:WYNN) for 50,400 shares. Acadian Asset Mngmt Ltd Liability reported 0% in Wynn Resorts, Limited (NASDAQ:WYNN). Arrow Corporation has 125 shares. Andra Ap holds 0.17% or 37,100 shares in its portfolio. Shell Asset Management Com reported 0.02% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). & Management holds 0.02% in Wynn Resorts, Limited (NASDAQ:WYNN) or 400 shares. Quantitative Systematic Strategies Limited Liability has 2,603 shares for 0.08% of their portfolio. Arrowmark Colorado Limited Liability Corp, a Colorado-based fund reported 2,500 shares. Gulf National Bank (Uk) has 0% invested in Wynn Resorts, Limited (NASDAQ:WYNN) for 1,762 shares. Robeco Institutional Asset Management Bv has invested 0.02% in Wynn Resorts, Limited (NASDAQ:WYNN). Caprock Gru Inc holds 0.06% or 1,836 shares. Mitsubishi Ufj Holdg Co Ltd invested 0.05% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). State Of Alaska Department Of Revenue has 0.07% invested in Wynn Resorts, Limited (NASDAQ:WYNN) for 22,212 shares.

Since May 1, 2018, it had 0 buys, and 3 selling transactions for $8.97 million activity. Shares for $3.53M were sold by MADDOX MATT.

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 $12.68 billion 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 World Wrestling Entmt Inc (Call) (NYSE:WWE) by 142,000 shares to 161,500 shares, valued at $11.76 million in 2018Q2, according to the filing. It also increased its holding in Regency Ctrs Corp (Put) (NYSE:REG) by 66,500 shares in the quarter, for a total of 80,600 shares, and has risen its stake in Praxair Inc (NYSE:PX).

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 $209.67M 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: Seekingalpha.com which released: “Studio City preps for IPO” 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. Bizjournals.com‘s news article titled: “Luxury nightclub, restaurant planned for Wynn’s Encore Boston Harbor” 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. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, April 25. Jefferies maintained Wynn Resorts, Limited (NASDAQ:WYNN) on Wednesday, April 25 with “Buy” rating. On Thursday, August 2 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock has “Neutral” rating by Bank of America on Thursday, August 2. The company was maintained on Thursday, April 19 by Deutsche Bank. The firm earned “Hold” rating on Tuesday, August 14 by Jefferies. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) has “Hold” rating given on Wednesday, April 25 by Stifel Nicolaus. Susquehanna maintained the shares of WYNN in report on Thursday, August 2 with “Positive” rating. Deutsche Bank maintained Wynn Resorts, Limited (NASDAQ:WYNN) on Monday, June 4 with “Buy” rating. As per Tuesday, June 26, the company rating was maintained by Morgan Stanley.

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

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