Lpl Financial LLC Has Trimmed Stake in Wynn Resorts LTD (WYNN) by $4.97 Million

August 9, 2018 - By Jack Shaw

Wynn Resorts, Limited (NASDAQ:WYNN) LogoInvestors sentiment decreased to 0.9 in 2018 Q1. Its down 0.33, from 1.23 in 2017Q4. It dived, as 75 investors sold WYNN shares while 165 reduced holdings. 88 funds opened positions while 128 raised stakes. 80.81 million shares or 13.75% more from 71.04 million shares in 2017Q4 were reported. Connecticut-based Cubist Systematic Strategies Lc has invested 0.37% in Wynn Resorts, Limited (NASDAQ:WYNN). Johnson Grp Inc reported 26 shares. State Board Of Administration Of Florida Retirement System reported 116,464 shares. Quantitative Systematic Strategies Ltd Llc owns 1,893 shares. Swiss Savings Bank, Switzerland-based fund reported 303,762 shares. Moreover, Gabelli Funds Limited Liability Company has 0.09% invested in Wynn Resorts, Limited (NASDAQ:WYNN) for 85,200 shares. Pnc Service Gru invested 0% in Wynn Resorts, Limited (NASDAQ:WYNN). Morgens Waterfall Vintiadis And Communication reported 27,400 shares. Arrowmark Colorado Ltd Limited Liability Company has 2,500 shares for 0% of their portfolio. Moreover, Crow Point Partners Ltd Llc has 0.01% invested in Wynn Resorts, Limited (NASDAQ:WYNN). Canada Pension Plan Board reported 175,671 shares. Wolverine Asset Management Limited, Illinois-based fund reported 1,608 shares. Keybank Association Oh has invested 0% in Wynn Resorts, Limited (NASDAQ:WYNN). Kj Harrison & invested in 0.18% or 3,000 shares. Voya Investment Mgmt Ltd Liability stated it has 0.02% in Wynn Resorts, Limited (NASDAQ:WYNN).

Since March 21, 2018, it had 0 insider buys, and 5 selling transactions for $2.15 billion activity. 4.10 million shares were sold by WYNN STEPHEN A, worth $738.90 million on Wednesday, March 21. MILLER ROBERT JOS also sold $1.92M worth of Wynn Resorts, Limited (NASDAQ:WYNN) on Wednesday, May 2.

Lpl Financial Llc decreased its stake in Wynn Resorts Ltd (WYNN) by 62.83% based on its latest 2018Q1 regulatory filing with the SEC. Lpl Financial Llc sold 27,290 shares as the company’s stock rose 14.92% while stock markets declined. The institutional investor held 16,147 shares of the consumer services company at the end of 2018Q1, valued at $2.94M, down from 43,437 at the end of the previous reported quarter. Lpl Financial Llc who had been investing in Wynn Resorts Ltd for a number of months, seems to be less bullish one the $16.75B market cap company. The stock increased 0.22% or $0.344 during the last trading session, reaching $154.234. About 460,740 shares traded. Wynn Resorts, Limited (NASDAQ:WYNN) has risen 56.07% since August 9, 2017 and is uptrending. It has outperformed by 43.50% the S&P500.

Lpl Financial Llc, which manages about $36.33 billion US Long portfolio, upped its stake in Ishares Tr (IUSG) by 731,991 shares to 9.84M shares, valued at $537.24M in 2018Q1, according to the filing. It also increased its holding in Spdr Dow Jones Indl Avrg Etf (DIA) by 715,080 shares in the quarter, for a total of 717,280 shares, and has risen its stake in First Tr Exchange (FPE).

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 $209.58M for 19.98 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 notable recent Wynn Resorts, Limited (NASDAQ:WYNN) news were published by: Nasdaq.com which released: “Why Wynn Resorts Will Be the Biggest Winner in Macau” on July 20, 2018, also Nasdaq.com with their article: “The Race is On for Japan Gaming Licenses” published on July 26, 2018, Fool.com published: “Is Wynn Resorts Ltd. a Buy Yet?” on July 12, 2018. More interesting news about Wynn Resorts, Limited (NASDAQ:WYNN) were released by: Seekingalpha.com and their article: “Wynn Resorts Settles With Elaine Wynn” published on August 07, 2018 as well as Nasdaq.com‘s news article titled: “Why Wynn Resorts, Red Robin Gourmet Burgers, and Teva Pharmaceutical Industries Slumped Today” with publication date: August 02, 2018.

Wynn Resorts, Limited (NASDAQ:WYNN) Ratings Coverage

Among 13 analysts covering Wynn Resorts (NASDAQ:WYNN), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. Wynn Resorts had 27 analyst reports since March 8, 2018 according to SRatingsIntel. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, July 10. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) earned “Buy” rating by Nomura on Wednesday, April 25. The stock has “Buy” rating by Union Gaming on Friday, March 23. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, August 2. As per Thursday, April 19, the company rating was maintained by Deutsche Bank. The stock has “Buy” rating by Jefferies on Friday, June 29. The firm has “Hold” rating given on Tuesday, August 7 by Argus Research. The stock has “Buy” rating by Roth Capital on Monday, April 2. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) has “Buy” rating given on Wednesday, April 25 by Jefferies. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) earned “Equal-Weight” rating by Morgan Stanley on Thursday, March 15.

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

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