Buckhead Capital Management Holding in Wells Fargo Co New (WFC) Boosted by $369,000 as Shares Declined; As Wynn Resorts LTD (WYNN) Stock Price Rose, Harber Asset Management Trimmed Its Position

April 17, 2018 - By Nellie Frank

Wynn Resorts, Limited (NASDAQ:WYNN) Logo

Buckhead Capital Management Llc increased its stake in Wells Fargo Co New (WFC) by 6.67% based on its latest 2017Q4 regulatory filing with the SEC. Buckhead Capital Management Llc bought 6,150 shares as the company’s stock declined 16.98% with the market. The hedge fund held 98,356 shares of the major banks company at the end of 2017Q4, valued at $5.97M, up from 92,206 at the end of the previous reported quarter. Buckhead Capital Management Llc who had been investing in Wells Fargo Co New for a number of months, seems to be bullish on the $247.59B market cap company. The stock decreased 0.18% or $0.09 during the last trading session, reaching $50.8. About 31.88 million shares traded or 35.11% up from the average. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since April 17, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Raymond J. Harbert decreased its stake in Wynn Resorts Ltd (WYNN) by 50.66% based on its latest 2017Q4 regulatory filing with the SEC. Harber Asset Management Llc sold 21,209 shares as the company’s stock rose 5.95% while stock markets declined. The hedge fund run by Raymond J. Harbert held 20,653 shares of the consumer services company at the end of 2017Q4, valued at $3.48 million, down from 41,862 at the end of the previous reported quarter. Harber Asset Management Llc who had been investing in Wynn Resorts Ltd for a number of months, seems to be less bullish one the $20.47B market cap company. The stock increased 2.66% or $4.89 during the last trading session, reaching $188.7. About 1.83 million shares traded. Wynn Resorts, Limited (NASDAQ:WYNN) has risen 55.02% since April 17, 2017 and is uptrending. It has outperformed by 43.47% the S&P500.

Since November 17, 2017, it had 0 insider buys, and 1 insider sale for $292,234 activity.

Investors sentiment increased to 0.75 in Q4 2017. Its up 0.02, from 0.73 in 2017Q3. It is positive, as 63 investors sold WFC shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported. Reilly Financial Advisors Limited has 5,399 shares for 0.05% of their portfolio. Pictet State Bank And Trust holds 1.78% or 99,666 shares. Interocean Capital Ltd Com invested in 0.11% or 13,996 shares. Wms Partners Ltd Liability Com holds 1.59% or 232,667 shares. Brandes Prns Lp reported 2.07M shares. Kistler reported 15,776 shares. Fairview Cap Investment Mgmt Limited Company has invested 0.05% in Wells Fargo & Company (NYSE:WFC). State Teachers Retirement System invested in 7.49M shares or 1.08% of the stock. East Coast Asset Ltd Liability Corporation accumulated 47,429 shares. Invesco Limited holds 0.44% or 20.08M shares. Meridian Inv Counsel Inc accumulated 17,846 shares. Ami Invest accumulated 149,674 shares or 5.44% of the stock. Northern Mgmt Ltd has invested 0.36% in Wells Fargo & Company (NYSE:WFC). 69,920 are owned by Girard Partners Ltd. 66,500 were accumulated by Glob Endowment L P.

Buckhead Capital Management Llc, which manages about $1.27 billion and $468.63M US Long portfolio, decreased its stake in Procter And Gamble Co (NYSE:PG) by 8,648 shares to 65,418 shares, valued at $6.01M in 2017Q4, according to the filing. It also reduced its holding in American Express Co (NYSE:AXP) by 6,903 shares in the quarter, leaving it with 92,197 shares, and cut its stake in Us Bancorp Del (NYSE:USB).

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 9 Sell and 15 Hold. Therefore 38% are positive. Wells Fargo & Company had 145 analyst reports since July 29, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with “Hold” rating and $62.0 target in Friday, January 12 report. The stock has “Outperform” rating by Robert W. Baird on Monday, September 19. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, June 22. The stock of Wells Fargo & Company (NYSE:WFC) earned “Buy” rating by Robert W. Baird on Tuesday, September 5. The stock of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given on Friday, April 6 by Vining Sparks. The rating was upgraded by Sandler O’Neill to “Buy” on Tuesday, January 9. Goldman Sachs upgraded the stock to “Buy” rating in Thursday, January 4 report. The stock of Wells Fargo & Company (NYSE:WFC) has “Hold” rating given on Wednesday, January 18 by Argus Research. RBC Capital Markets maintained the shares of WFC in report on Friday, October 16 with “Outperform” rating. Evercore maintained the stock with “Outperform” rating in Wednesday, April 12 report.

Harber Asset Management Llc, which manages about $285.82M US Long portfolio, upped its stake in Broadcom Ltd by 3,503 shares to 22,513 shares, valued at $5.78 million in 2017Q4, according to the filing. It also increased its holding in Mylan N V (NASDAQ:MYL) by 41,798 shares in the quarter, for a total of 145,708 shares, and has risen its stake in Comcast Corp New (NASDAQ:CMCSA).

Analysts await Wynn Resorts, Limited (NASDAQ:WYNN) to report earnings on April, 24. They expect $1.92 earnings per share, up 54.84% or $0.68 from last year’s $1.24 per share. WYNN’s profit will be $208.24 million for 24.57 P/E if the $1.92 EPS becomes a reality. After $1.40 actual earnings per share reported by Wynn Resorts, Limited for the previous quarter, Wall Street now forecasts 37.14% EPS growth.

Among 29 analysts covering Wynn Resorts (NASDAQ:WYNN), 17 have Buy rating, 1 Sell and 11 Hold. Therefore 59% are positive. Wynn Resorts had 93 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) has “Buy” rating given on Monday, January 29 by Jefferies. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) has “Buy” rating given on Friday, July 8 by UBS. The rating was maintained by Telsey Advisory Group on Thursday, November 19 with “Market Perform”. On Wednesday, April 13 the stock rating was downgraded by Deutsche Bank to “Hold”. The rating was maintained by JP Morgan on Wednesday, March 30 with “Overweight”. On Friday, April 29 the stock rating was downgraded by CLSA to “Outperform”. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) earned “Buy” rating by CFRA on Wednesday, February 7. The stock has “Hold” rating by Argus Research on Thursday, September 3. The firm has “Buy” rating by Aegis Capital given on Tuesday, March 21. The rating was maintained by Susquehanna on Friday, January 19 with “Hold”.

Investors sentiment increased to 1.23 in 2017 Q4. Its up 0.11, from 1.12 in 2017Q3. It increased, as 37 investors sold WYNN shares while 149 reduced holdings. 75 funds opened positions while 153 raised stakes. 71.04 million shares or 2.78% less from 73.07 million shares in 2017Q3 were reported. Kepos Capital Limited Partnership reported 6,489 shares. Captrust Fincl Advsrs holds 0% or 206 shares. Federated Invsts Pa holds 0.02% or 43,552 shares. Emerald Advisers Pa has 11,131 shares. Lone Pine Ltd Liability Corp reported 1.27 million shares or 1.12% of all its holdings. Quantbot LP stated it has 1,464 shares. Smith Asset Gru LP owns 64,140 shares for 0.34% of their portfolio. 11,194 are held by Oppenheimer & Inc. Putnam Invests Limited Com accumulated 100,816 shares. West Oak Ltd Company holds 0.04% in Wynn Resorts, Limited (NASDAQ:WYNN) or 375 shares. Neuberger Berman Group Incorporated Ltd Limited Liability Company has 0% invested in Wynn Resorts, Limited (NASDAQ:WYNN) for 1,844 shares. Yhb Inv Advsr Incorporated accumulated 2,180 shares. Quantitative Invest Ltd Liability holds 0.09% or 34,700 shares. M&T Bankshares reported 0% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). Voloridge Investment Mgmt Ltd Company has invested 0.15% in Wynn Resorts, Limited (NASDAQ:WYNN).

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

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