Wynn Resorts Limited (WYNN) : Usa Mutuals Advisors scooped up 40,000 additional shares in Wynn Resorts Limited during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 122,500 shares of Wynn Resorts Limited which is valued at $11 Million.Wynn Resorts Limited makes up approximately 6.47% of Usa Mutuals Advisors’s portfolio.
Other Hedge Funds, Including , Hartford Investment Management Co reduced its stake in WYNN by selling 123 shares or 0.62% in the most recent quarter. The Hedge Fund company now holds 19,702 shares of WYNN which is valued at $1.8 Million. Wynn Resorts Limited makes up approx 0.04% of Hartford Investment Management Co’s portfolio.Mackenzie Financial Corp boosted its stake in WYNN in the latest quarter, The investment management firm added 3,284 additional shares and now holds a total of 16,680 shares of Wynn Resorts Limited which is valued at $1.5 Million. Wynn Resorts Limited makes up approx 0.01% of Mackenzie Financial Corp’s portfolio.Td Asset Management Inc reduced its stake in WYNN by selling 1,693 shares or 4.67% in the most recent quarter. The Hedge Fund company now holds 34,547 shares of WYNN which is valued at $3.2 Million. Wynn Resorts Limited makes up approx 0.01% of Td Asset Management Inc’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in WYNN in the latest quarter, The investment management firm added 1,027 additional shares and now holds a total of 11,786 shares of Wynn Resorts Limited which is valued at $1.1 Million. Wynn Resorts Limited makes up approx 0.03% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio. Harel Insurance Investments Financial Services Ltd. added WYNN to its portfolio by purchasing 115 company shares during the most recent quarter which is valued at $10,489.
Wynn Resorts Limited opened for trading at $93.87 and hit $97.1852 on the upside on Wednesday, eventually ending the session at $96.65, with a gain of 3.68% or 3.43 points. The heightened volatility saw the trading volume jump to 33,65,998 shares. Company has a market cap of $9,838 M.
On the company’s financial health, Wynn Resorts Limited reported $1.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.25 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.82. The company had revenue of $1080.76 million for the quarter, compared to analysts expectations of $1002.05 million. The company’s revenue was down -8.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.70 EPS.
Many Wall Street Analysts have commented on Wynn Resorts Limited. Wynn Resorts Limited was Downgraded by Credit Agricole to ” Outperform” on Apr 29, 2016. 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 .
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 Peoples 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.