Cohen Capital Management Exits Position in Wynn Resorts Limited (WYNN)

Wynn Resorts Limited (WYNN) : Cohen Capital Management has sold out all of its stake in Wynn Resorts Limited during the most recent quarter, according to the disclosure filed by the company on Apr 20, 2016 with the SEC. The investment management company has sold out 13,662 shares of Wynn Resorts Limited which is valued at $1,311,552.

Wynn Resorts Limited opened for trading at $95.53 and hit $96.77 on the upside on Friday, eventually ending the session at $96, with a gain of 0.22% or 0.21 points. The heightened volatility saw the trading volume jump to 24,81,996 shares. Company has a market cap of $9,768 M.

Other Hedge Funds, Including , Cornerstone Advisors reduced its stake in WYNN by selling 2,304 shares or 93.93% in the most recent quarter. The Hedge Fund company now holds 149 shares of WYNN which is valued at $14,304. Wynn Resorts Limited makes up approx 0.01% of Cornerstone Advisors’s portfolio.New York State Teachers Retirement System boosted its stake in WYNN in the latest quarter, The investment management firm added 14 additional shares and now holds a total of 137,488 shares of Wynn Resorts Limited which is valued at $13,198,848. Wynn Resorts Limited makes up approx 0.03% of New York State Teachers Retirement System’s portfolio.Oakbrook Investments reduced its stake in WYNN by selling 100 shares or 2.13% in the most recent quarter. The Hedge Fund company now holds 4,600 shares of WYNN which is valued at $449,282. Wynn Resorts Limited makes up approx 0.03% of Oakbrook Investments’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in WYNN in the latest quarter, The investment management firm added 1,606 additional shares and now holds a total of 19,819 shares of Wynn Resorts Limited which is valued at $1,935,722. Wynn Resorts Limited makes up approx 0.04% of Exxonmobil Investment Management Inc Tx’s portfolio.Central Trust Co boosted its stake in WYNN in the latest quarter, The investment management firm added 2,925 additional shares and now holds a total of 3,040 shares of Wynn Resorts Limited which is valued at $296,917. Wynn Resorts Limited makes up approx 0.02% of Central Trust Co’s portfolio.

On the company’s financial health, Wynn Resorts Limited reported $1.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.25 according to the earnings call on Feb 11, 2016. Analyst had a consensus of $0.78. The company had revenue of $946.90 million for the quarter, compared to analysts expectations of $951.55 million. The company’s revenue was down -16.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.20 EPS.

Many Wall Street Analysts have commented on Wynn Resorts Limited. Company shares were Downgraded by Deutsche Bank on Apr 13, 2016 to ” Hold”, Firm has raised the Price Target to $ 101 from a previous price target of $94 .Company shares were Reiterated by Gabelli & Co on Apr 12, 2016 to “Buy”, Firm has raised the Price Target to $ 103 from a previous price target of $96 .Company shares were Upgraded by Telsey Advisory Group on Apr 7, 2016 to ” Outperform”, Firm has raised the Price Target to $ 112 from a previous price target of $67 .

Wynn Resorts Limited is a developer owner and operator of destination casino resorts which integrate accommodations and amenities including fine dining premium retail offerings distinctive entertainment and convention facilities. The Company owns 72% of Wynn Macau Limited which operates an integrated resort in the Macau Special Administrative Region of the People’s Republic of China (Macau). Wynn Resorts also owns 100% of and operates an integrated resort in Las Vegas Nevada. The company operates through two segments: Macau Operations which includes Wynn Macau and Encore at Wynn Maca and Las Vegas Operations which includes Wynn Las Vegas and Encore at Wynn Las Vegas. Its Macau Operations features approximately 284000 square feet of casino space with 498 table games and 625 slot machines two hotel towers and others. Its Las Vegas Operations features approximately 186000 square feet of casino space with 232 table games 1849 slot machines two hotel towers and others.

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