Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of Wynn Resorts Ltd. (NASDAQ:WYNN).
SEC data indicate that these institutions significantly reduced their stock shares of Wynn Resorts Ltd. in Q3 2011:
- ARTISAN PARTNERS HOLDINGS LP: On 06/30/2011, held 1,116,700 shares, worth $159,230,253. On 09/30/2011, held 0 shares.
- GOODMAN & COMPANY, INVESTMENT COUNSEL LTD.: On 06/30/2011, held 481,500 shares, worth $68,657,085. On 09/30/2011, held 0 shares.
- APEX CAPITAL, LLC: On 06/30/2011, held 238,300 shares, worth $33,979,197. On 09/30/2011, held 0 shares.
- CRITERION CAPITAL MANAGEMENT LLC: On 06/30/2011, held 238,112 shares, worth $33,952,390. On 09/30/2011, held 0 shares.
About the company: Wynn Resorts Limited owns and operates luxury hotels and destination casino resorts in Las Vegas, Nevada and in Macau, China. The resorts features guest rooms and suits, restaurants, golf courses, and on-site luxury automotive dealerships.
Competitors to Watch: Las Vegas Sands Corp. (NYSE:LVS), MGM Resorts International. (NYSE:MGM), Pinnacle Entertainment, Inc (NYSE:PNK), Melco Crown Entertainment Ltd (NASDAQ:MPEL), Boyd Gaming Corporation (NYSE:BYD), Asia Entertainment & Resources Ltd. (NASDAQ:AERL), and Monarch Casino & Resort, Inc. (NASDAQ:MCRI).
(Note: Data regarding Wynn Resorts Ltd.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)
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