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Maverick Capital LTD Position in Wynn Resorts LTD (WYNN) Has Lowered by $56.50 Million; M & T Bk (MTB) Shareholder Nuance Investments Lifted Its Position

Nuance Investments Llc increased its stake in M & T Bk Corp (MTB) by 291.63% based on its latest 2017Q3 regulatory filing with the SEC. Nuance Investments Llc bought 159,655 shares as the company’s stock declined 6.32% while stock markets rallied. The institutional investor held 214,401 shares of the major banks company at the end of 2017Q3, valued at $34.53 million, up from 54,746 at the end of the previous reported quarter. Nuance Investments Llc who had been investing in M & T Bk Corp for a number of months, seems to be bullish on the $29.01B market cap company. The stock increased 1.10% or $2.1 during the last trading session, reaching $192.74. About 83,440 shares traded. M&T Bank Corporation (NYSE:MTB) has risen 35.81% since February 21, 2017 and is uptrending. It has outperformed by 19.11% the S&P500.

Lee Ainslie decreased its stake in Wynn Resorts Ltd (WYNN) by 30.29% based on its latest 2017Q3 regulatory filing with the SEC. Maverick Capital Ltd sold 381,728 shares as the company’s stock rose 26.92% with the market. The hedge fund run by Lee Ainslie held 878,520 shares of the consumer services company at the end of 2017Q3, valued at $130.83M, down from 1.26 million at the end of the previous reported quarter. Maverick Capital Ltd who had been investing in Wynn Resorts Ltd for a number of months, seems to be less bullish one the $17.13B market cap company. The stock increased 1.06% or $1.75 during the last trading session, reaching $166.67. About 487,542 shares traded. Wynn Resorts, Limited (NASDAQ:WYNN) has risen 37.63% since February 21, 2017 and is uptrending. It has outperformed by 20.93% the S&P500.

Investors sentiment increased to 1.09 in 2017 Q3. Its up 0.19, from 0.9 in 2017Q2. It is positive, as 28 investors sold MTB shares while 176 reduced holdings. 63 funds opened positions while 159 raised stakes. 112.44 million shares or 5.48% less from 118.95 million shares in 2017Q2 were reported. Fulton Bank Na owns 0.02% invested in M&T Bank Corporation (NYSE:MTB) for 1,654 shares. Guggenheim Capital Limited Com invested in 0.09% or 232,111 shares. State Farm Mutual Automobile Ins reported 4.85M shares. Glg Lc accumulated 0.15% or 14,606 shares. Smithfield has 369 shares. North Star Corporation holds 200 shares. Ls Investment Advisors Ltd Liability Company has 0.07% invested in M&T Bank Corporation (NYSE:MTB). Fincl Bank Of America Corporation De stated it has 0.02% of its portfolio in M&T Bank Corporation (NYSE:MTB). Tocqueville Asset LP stated it has 101,712 shares or 0.19% of all its holdings. Coastline Trust Company stated it has 27,448 shares or 0.77% of all its holdings. Moreover, Manufacturers Life The has 0.17% invested in M&T Bank Corporation (NYSE:MTB). Deprince Race Zollo owns 85,838 shares. Dekabank Deutsche Girozentrale has 11,863 shares for 0.02% of their portfolio. Moreover, Renaissance Inv has 1.17% invested in M&T Bank Corporation (NYSE:MTB). Neuberger Berman Grp Inc Limited Com accumulated 569,199 shares.

Since September 12, 2017, it had 0 insider purchases, and 11 insider sales for $18.64 million activity. On Tuesday, January 23 Trolli Michele D sold $1.12 million worth of M&T Bank Corporation (NYSE:MTB) or 6,000 shares. King Darren J sold $732,461 worth of M&T Bank Corporation (NYSE:MTB) on Monday, January 29. The insider SPYCHALA MICHAEL R sold $3.49 million. Another trade for 4,904 shares valued at $939,116 was made by Gold Richard S on Wednesday, January 31. $178,334 worth of M&T Bank Corporation (NYSE:MTB) was sold by GEISEL GARY N on Friday, December 15. Another trade for 31,511 shares valued at $5.92M was made by SALAMONE DENIS J on Monday, January 22.

Among 26 analysts covering M&T Bank (NYSE:MTB), 5 have Buy rating, 3 Sell and 18 Hold. Therefore 19% are positive. M&T Bank had 84 analyst reports since August 6, 2015 according to SRatingsIntel. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. The rating was maintained by Jefferies on Thursday, June 8 with “Hold”. The rating was maintained by Robert W. Baird with “Sell” on Tuesday, September 5. The company was maintained on Tuesday, January 3 by Barclays Capital. Jefferies maintained the shares of MTB in report on Thursday, August 17 with “Buy” rating. RBC Capital Markets maintained M&T Bank Corporation (NYSE:MTB) on Wednesday, June 28 with “Buy” rating. Keefe Bruyette & Woods maintained it with “Hold” rating and $168.0 target in Tuesday, December 12 report. The firm has “Buy” rating given on Wednesday, August 12 by Deutsche Bank. The rating was maintained by Wood on Wednesday, April 19 with “Hold”. The firm has “Sell” rating given on Tuesday, January 2 by Robert W. Baird.

Nuance Investments Llc, which manages about $507.52M and $1.44 billion US Long portfolio, decreased its stake in United Parcel Service Inc (NYSE:UPS) by 9,079 shares to 189,328 shares, valued at $22.74 million in 2017Q3, according to the filing. It also reduced its holding in National Fuel Gas Co N J (NYSE:NFG) by 370,031 shares in the quarter, leaving it with 181,152 shares, and cut its stake in Franks Intl N V (NYSE:FI).

Since September 15, 2017, it had 0 buys, and 2 sales for $9.23 million activity. Sinatra Kimmarie also sold $3.08M worth of Wynn Resorts, Limited (NASDAQ:WYNN) on Friday, September 15.

Among 29 analysts covering Wynn Resorts (NASDAQ:WYNN), 15 have Buy rating, 1 Sell and 13 Hold. Therefore 52% are positive. Wynn Resorts had 83 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was maintained by Telsey Advisory Group on Friday, September 25 with “Underperform”. The stock has “Buy” rating by Aegis Capital on Tuesday, March 21. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) has “Buy” rating given on Tuesday, January 23 by Roth Capital. Nomura downgraded the shares of WYNN in report on Friday, July 29 to “Reduce” rating. On Wednesday, September 2 the stock rating was upgraded by Credit Agricole to “Buy”. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) earned “Hold” rating by Stifel Nicolaus on Thursday, November 3. The firm earned “Market Perform” rating on Thursday, November 19 by Telsey Advisory Group. Bank of America maintained the shares of WYNN in report on Monday, January 22 with “Hold” rating. The stock has “Buy” rating by Goldman Sachs on Friday, February 3. The firm has “Outperform” rating given on Friday, April 29 by CLSA.

Maverick Capital Ltd, which manages about $14.71B and $7.88 billion US Long portfolio, upped its stake in Electronic Arts Inc (NASDAQ:EA) by 6,260 shares to 42,280 shares, valued at $4.99 million in 2017Q3, according to the filing. It also increased its holding in Steel Dynamics Inc (NASDAQ:STLD) by 24,850 shares in the quarter, for a total of 93,160 shares, and has risen its stake in Home Depot Inc (NYSE:HD).

Analysts await Wynn Resorts, Limited (NASDAQ:WYNN) to report earnings on April, 24. They expect $1.77 earnings per share, up 42.74% or $0.53 from last year’s $1.24 per share. WYNN’s profit will be $181.93 million for 23.54 P/E if the $1.77 EPS becomes a reality. After $1.40 actual earnings per share reported by Wynn Resorts, Limited for the previous quarter, Wall Street now forecasts 26.43% EPS growth.

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