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Platinum Investment Management LTD Lowered Its Wynn Resorts LTD (WYNN) Position by $17.59 Million; Stock Rose; Saba Capital Management LP Has Decreased Its Rowan Companies Plc (RDC) Holding by $1.30 Million

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Boaz Weinstein decreased its stake in Rowan Companies Plc (RDC) by 22.21% based on its latest 2017Q4 regulatory filing with the SEC. Saba Capital Management Lp sold 86,974 shares as the company’s stock declined 25.51% with the market. The hedge fund run by Boaz Weinstein held 304,578 shares of the oil & gas production company at the end of 2017Q4, valued at $4.77M, down from 391,552 at the end of the previous reported quarter. Saba Capital Management Lp who had been investing in Rowan Companies Plc for a number of months, seems to be less bullish one the $2.06B market cap company. The stock increased 0.62% or $0.1 during the last trading session, reaching $16.2. About 1.20 million shares traded. Rowan Companies plc (NYSE:RDC) has declined 22.59% since May 15, 2017 and is downtrending. It has underperformed by 34.14% the S&P500.

Kerr Neilson decreased its stake in Wynn Resorts Ltd (WYNN) by 7.67% based on its latest 2017Q4 regulatory filing with the SEC. Platinum Investment Management Ltd sold 104,700 shares as the company’s stock rose 5.95% while stock markets declined. The hedge fund run by Kerr Neilson held 1.26M shares of the consumer services company at the end of 2017Q4, valued at $212.45 million, down from 1.36M at the end of the previous reported quarter. Platinum Investment Management Ltd who had been investing in Wynn Resorts Ltd for a number of months, seems to be less bullish one the $20.63 billion market cap company. The stock decreased 0.76% or $1.4575 during the last trading session, reaching $190.1725. About 1.00 million shares traded. Wynn Resorts, Limited (NASDAQ:WYNN) has risen 55.02% since May 15, 2017 and is uptrending. It has outperformed by 43.47% the S&P500.

Among 33 analysts covering Rowan Companies Inc. (NYSE:RDC), 7 have Buy rating, 3 Sell and 23 Hold. Therefore 21% are positive. Rowan Companies Inc. had 105 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Rowan Companies plc (NYSE:RDC) earned “Neutral” rating by UBS on Tuesday, August 11. Credit Suisse maintained Rowan Companies plc (NYSE:RDC) rating on Monday, April 24. Credit Suisse has “Hold” rating and $21 target. The rating was initiated by KeyBanc Capital Markets with “Sector Weight” on Friday, October 9. The firm has “Neutral” rating by Citigroup given on Tuesday, October 20. The firm has “Hold” rating given on Tuesday, September 5 by Cowen & Co. HSBC initiated Rowan Companies plc (NYSE:RDC) rating on Thursday, October 19. HSBC has “Buy” rating and $16.8 target. The rating was maintained by Scotia Capital on Thursday, March 23 with “Hold”. Citigroup maintained the shares of RDC in report on Monday, May 16 with “Neutral” rating. The firm has “Hold” rating given on Friday, August 4 by BMO Capital Markets. The stock of Rowan Companies plc (NYSE:RDC) earned “Buy” rating by Piper Jaffray on Thursday, October 19.

Investors sentiment increased to 0.95 in 2017 Q4. Its up 0.25, from 0.7 in 2017Q3. It improved, as 24 investors sold RDC shares while 77 reduced holdings. 39 funds opened positions while 57 raised stakes. 127.30 million shares or 1.57% less from 129.33 million shares in 2017Q3 were reported. New York State Common Retirement Fund has invested 0.02% in Rowan Companies plc (NYSE:RDC). State Of New Jersey Common Pension Fund D reported 0.01% stake. Paloma Prtn holds 0.03% or 144,692 shares. Van Eck Associate has 2.09M shares for 0.16% of their portfolio. Meeder Asset Management Incorporated has invested 0% of its portfolio in Rowan Companies plc (NYSE:RDC). Castleark Ltd Liability Com reported 0.01% stake. Swiss Bank & Trust reported 202,000 shares stake. Moreover, Art Llc has 0.04% invested in Rowan Companies plc (NYSE:RDC). 38,328 were reported by Amundi Pioneer Asset Mngmt. South Dakota Invest Council has invested 0.07% of its portfolio in Rowan Companies plc (NYSE:RDC). Arizona State Retirement Systems, a Arizona-based fund reported 81,779 shares. Utd Serv Automobile Association accumulated 61,180 shares. Wells Fargo Mn reported 0% of its portfolio in Rowan Companies plc (NYSE:RDC). Northwestern Mutual Wealth Mngmt holds 0% in Rowan Companies plc (NYSE:RDC) or 21 shares. Bank & Trust Of Mellon stated it has 0.01% of its portfolio in Rowan Companies plc (NYSE:RDC).

Since February 22, 2018, it had 0 insider buys, and 1 insider sale for $47,686 activity.

More notable recent Rowan Companies plc (NYSE:RDC) news were published by: Seekingalpha.com which released: “Rowan: Discussing April 2018 Fleet Status Report” on April 19, 2018, also Seekingalpha.com with their article: “Rowan Signs 18-Month Contract For Jackup” published on April 27, 2018, Seekingalpha.com published: “Rowan: Discussing The Q1 Earnings Report” on May 02, 2018. More interesting news about Rowan Companies plc (NYSE:RDC) were released by: Seekingalpha.com and their article: “Rowan JackUps Get 4 Contracts” published on April 30, 2018 as well as Seekingalpha.com‘s news article titled: “Rowan Companies – Attractive Cryptic Balance Sheet” with publication date: May 07, 2018.

Analysts await Rowan Companies plc (NYSE:RDC) to report earnings on August, 1. They expect $-0.87 earnings per share, down 248.00% or $0.62 from last year’s $-0.25 per share. After $-0.89 actual earnings per share reported by Rowan Companies plc for the previous quarter, Wall Street now forecasts -2.25% EPS growth.

Saba Capital Management Lp, which manages about $7.93B and $1.28B US Long portfolio, upped its stake in Tenet Healthcare Corp (NYSE:THC) by 71,945 shares to 1.10M shares, valued at $16.64M in 2017Q4, according to the filing. It also increased its holding in Hertz Global Hldgs Inc by 42,924 shares in the quarter, for a total of 278,975 shares, and has risen its stake in Community Health Sys Inc New (NYSE:CYH).

More notable recent Wynn Resorts, Limited (NASDAQ:WYNN) news were published by: Fool.com which released: “On Second Thought, Wynn Resorts Isn’t Thinking About Selling Boston Harbor Project” on May 10, 2018, also Seekingalpha.com with their article: “Massachusetts expected to approve Wynn license” published on April 30, 2018, Finance.Yahoo.com published: “Supreme Court Overturns Sports Betting Ban In New Jersey Case” on May 15, 2018. More interesting news about Wynn Resorts, Limited (NASDAQ:WYNN) were released by: Seekingalpha.com and their article: “Wynn Resorts: Not Too Late To Go Long” published on May 03, 2018 as well as Nasdaq.com‘s news article titled: “3 Ways to Add $1000 in Monthly Income for Summer Cash” with publication date: May 10, 2018.

Since March 21, 2018, it had 0 insider purchases, and 5 selling transactions for $2.15 billion activity. On Wednesday, May 2 the insider MILLER ROBERT JOS sold $1.92M. $3.53M worth of Wynn Resorts, Limited (NASDAQ:WYNN) was sold by MADDOX MATT on Tuesday, May 1.

Analysts await Wynn Resorts, Limited (NASDAQ:WYNN) to report earnings on July, 24. They expect $2.05 earnings per share, up 73.73% or $0.87 from last year’s $1.18 per share. WYNN’s profit will be $222.34M for 23.19 P/E if the $2.05 EPS becomes a reality. After $2.30 actual earnings per share reported by Wynn Resorts, Limited for the previous quarter, Wall Street now forecasts -10.87% negative EPS growth.

Platinum Investment Management Ltd, which manages about $22.00 billion and $3.77 billion US Long portfolio, upped its stake in Ally Finl Inc (NYSE:ALLY) by 2.12 million shares to 3.14M shares, valued at $91.65M in 2017Q4, according to the filing. It also increased its holding in Melco Resort Entertainment L (NASDAQ:MPEL) by 1.25M shares in the quarter, for a total of 3.18 million shares, and has risen its stake in Equifax Inc (NYSE:EFX).

Investors sentiment increased to 1.23 in Q4 2017. Its up 0.11, from 1.12 in 2017Q3. It is positive, 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. Us Comml Bank De accumulated 60,490 shares. Bridgewater Assocs Ltd Partnership has invested 0.01% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). The New York-based Harber Asset Mgmt Limited Liability Company has invested 1.22% in Wynn Resorts, Limited (NASDAQ:WYNN). Moore Mgmt L P, New York-based fund reported 50,000 shares. Intll Group Inc holds 0.02% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN) for 32,593 shares. Hightower Advsrs Ltd reported 0% in Wynn Resorts, Limited (NASDAQ:WYNN). San Francisco Sentry Inv Grp (Ca) stated it has 0.01% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). 163,464 were reported by Mitsubishi Ufj Tru Banking Corp. Scopus Asset Mgmt LP has invested 0.49% in Wynn Resorts, Limited (NASDAQ:WYNN). Oppenheimer reported 11,194 shares stake. 8,650 are owned by Teachers Retirement System Of The State Of Kentucky. The Pennsylvania-based Smithfield Trust has invested 0% in Wynn Resorts, Limited (NASDAQ:WYNN). Arrowstreet Ltd Partnership, Massachusetts-based fund reported 282,262 shares. Koshinski Asset Management Incorporated holds 0.1% or 2,342 shares in its portfolio. World Asset Management invested in 7,352 shares.

Among 29 analysts covering Wynn Resorts (NASDAQ:WYNN), 17 have Buy rating, 1 Sell and 11 Hold. Therefore 59% are positive. Wynn Resorts had 99 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Hold” rating by Jefferies given on Monday, October 19. The firm has “Buy” rating by Nomura given on Wednesday, April 25. The firm earned “Overweight” rating on Wednesday, February 7 by JP Morgan. As per Tuesday, March 22, the company rating was upgraded by Morgan Stanley. The firm earned “Outperform” rating on Thursday, April 7 by Telsey Advisory Group. The stock has “Market Perform” rating by Telsey Advisory Group on Wednesday, July 26. Goldman Sachs maintained Wynn Resorts, Limited (NASDAQ:WYNN) rating on Friday, April 1. Goldman Sachs has “Buy” rating and $103 target. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, October 12. The company was maintained on Thursday, November 3 by Stifel Nicolaus. Deutsche Bank downgraded the shares of WYNN in report on Wednesday, April 13 to “Hold” rating.

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

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