Monetta Financial Services Inc Lowers stake in Wynn Resorts Limited (WYNN)

Wynn Resorts Limited (WYNN) : Monetta Financial Services Inc reduced its stake in Wynn Resorts Limited by 16.67% during the most recent quarter end. The investment management company now holds a total of 25,000 shares of Wynn Resorts Limited which is valued at $2,493,750 after selling 5,000 shares in Wynn Resorts Limited , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Wynn Resorts Limited makes up approximately 1.50% of Monetta Financial Services Inc’s portfolio.

Other Hedge Funds, Including , Credit Agricole S A boosted its stake in WYNN in the latest quarter, The investment management firm added 14,248 additional shares and now holds a total of 34,480 shares of Wynn Resorts Limited which is valued at $3,439,380. Wynn Resorts Limited makes up approx 0.01% of Credit Agricole S A’s portfolio.Ubs Asset Management Americas Inc boosted its stake in WYNN in the latest quarter, The investment management firm added 3,741 additional shares and now holds a total of 238,103 shares of Wynn Resorts Limited which is valued at $24,443,654. Wynn Resorts Limited makes up approx 0.03% of Ubs Asset Management Americas Inc’s portfolio. Cribstone Capital Management added WYNN to its portfolio by purchasing 400 company shares during the most recent quarter which is valued at $37,672. Wynn Resorts Limited makes up approx 0.02% of Cribstone Capital Management’s portfolio.

Wynn Resorts Limited closed down -2.3 points or -2.31% at $97.38 with 38,87,688 shares getting traded on Friday. Post opening the session at $98.79, the shares hit an intraday low of $95.94 and an intraday high of $99 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Wynn Resorts Limited reported $1.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.96. The company had revenue of $1058.00 million for the quarter, compared to analysts expectations of $1034.75 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.

Many Wall Street Analysts have commented on Wynn Resorts Limited. Company shares were Reiterated by Telsey Advisory Group on Jul 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 115 from a previous price target of $112 .Wynn Resorts Limited was Downgraded by Nomura to ” Reduce” on Jul 29, 2016. Wynn Resorts Limited was Downgraded by CLSA to ” Underperform” on Jul 29, 2016.

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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