Advisory Services Network buys $153,470 stake in Wynn Resorts Limited (WYNN)

Wynn Resorts Limited (WYNN) : Advisory Services Network scooped up 1,000 additional shares in Wynn Resorts Limited during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 1,582 shares of Wynn Resorts Limited which is valued at $153,470.Wynn Resorts Limited makes up approximately 0.03% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Simplex Trading boosted its stake in WYNN in the latest quarter, The investment management firm added 108,404 additional shares and now holds a total of 126,843 shares of Wynn Resorts Limited which is valued at $12,305,039. Wynn Resorts Limited makes up approx 1.60% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in WYNN by selling 2,155 shares or 9.34% in the most recent quarter. The Hedge Fund company now holds 20,930 shares of WYNN which is valued at $2,049,884. Wynn Resorts Limited makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Private Asset Management Inc reduced its stake in WYNN by selling 6,610 shares or 46.4% in the most recent quarter. The Hedge Fund company now holds 7,635 shares of WYNN which is valued at $747,772. Wynn Resorts Limited makes up approx 0.13% of Private Asset Management Inc’s portfolio. First American Trust Fsb added WYNN to its portfolio by purchasing 17,844 company shares during the most recent quarter which is valued at $1,747,641. Wynn Resorts Limited makes up approx 0.55% of First American Trust Fsb’s portfolio. Eqis Capital Management sold out all of its stake in WYNN during the most recent quarter. The investment firm sold 2,300 shares of WYNN which is valued $225,262.

Wynn Resorts Limited closed down -0.73 points or -0.75% at $97.01 with 21,66,200 shares getting traded on Friday. Post opening the session at $97.63, the shares hit an intraday low of $96.14 and an intraday high of $97.985 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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