Visionary Asset Management adds Wynn Resorts Limited (WYNN) to its portfolio

Wynn Resorts Limited (WYNN) : Visionary Asset Management added new position in Wynn Resorts Limited during the most recent quarter end. The investment management firm now holds 29,537 shares of Wynn Resorts Limited which is valued at $2,884,879 , the company said in a statement filed on Apr 14, 2016 with the SEC.Wynn Resorts Limited makes up approximately 1.01% of Visionary Asset Management’s portfolio.

Wynn Resorts Limited closed down -1.19 points or -1.22% at $96.48 with 25,28,898 shares getting traded on Monday. Post opening the session at $97.09, the shares hit an intraday low of $95.9 and an intraday high of $97.38 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Selz Capital added WYNN to its portfolio by purchasing 15,000 company shares during the most recent quarter which is valued at $1,465,050. Wynn Resorts Limited makes up approx 0.44% of Selz Capital’s portfolio. Gradient Investments added WYNN to its portfolio by purchasing 7 company shares during the most recent quarter which is valued at $684.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.Creative Planning reduced its stake in WYNN by selling 45,719 shares or 73.39% in the most recent quarter. The Hedge Fund company now holds 16,576 shares of WYNN which is valued at $1,629,587. Wynn Resorts Limited makes up approx 0.01% of Creative Planning’s portfolio. Deane Retirement Strategies added WYNN to its portfolio by purchasing 19,540 company shares during the most recent quarter which is valued at $1,920,977. Wynn Resorts Limited makes up approx 1.80% of Deane Retirement Strategies’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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