Melvin Capital Management LP Boosted Its Wynn Resorts LTD (Call) (WYNN) Holding; Zayo Group Holdings (ZAYO) Sentiment Is 1.32

March 15, 2018 - By Louis Casey

Zayo Group Holdings, Inc., through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company has market cap of $9.05 billion. The firm operates in six divisions: Fiber Solutions, Transport, Enterprise Networks, Zayo Colocation , Allstream, and Other. It has a 105.74 P/E ratio. The Fiber Solutions segment provides dark fiber, and fiber-to-the-tower and small cell mobile infrastructure services for carriers and other communication service providers, Internet service providers, wireless service providers, media and content companies, large enterprises, and other companies.

Melvin Capital Management Lp increased Wynn Resorts Ltd (Call) (WYNN) stake by 40.65% reported in 2017Q3 SEC filing. Melvin Capital Management Lp acquired 86,700 shares as Wynn Resorts Ltd (Call) (WYNN)’s stock rose 26.92%. The Melvin Capital Management Lp holds 300,000 shares with $44.68M value, up from 213,300 last quarter. Wynn Resorts Ltd (Call) now has $19.13B valuation. The stock increased 0.26% or $0.49 during the last trading session, reaching $185.71. About 1.12M shares traded. Wynn Resorts, Limited (NASDAQ:WYNN) has risen 37.63% since March 15, 2017 and is uptrending. It has outperformed by 20.93% the S&P500.

Among 29 analysts covering Wynn Resorts (NASDAQ:WYNN), 15 have Buy rating, 1 Sell and 13 Hold. Therefore 52% are positive. Wynn Resorts had 87 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was upgraded by UBS to “Buy” on Monday, March 7. The firm earned “Neutral” rating on Friday, March 11 by Sterne Agee CRT. JP Morgan upgraded the shares of WYNN in report on Wednesday, February 7 to “Overweight” rating. The firm has “Hold” rating by Stifel Nicolaus given on Friday, October 27. Vetr downgraded Wynn Resorts, Limited (NASDAQ:WYNN) rating on Thursday, September 17. Vetr has “Hold” rating and $76.65 target. The firm earned “Positive” rating on Thursday, February 8 by Susquehanna. Susquehanna maintained the stock with “Buy” rating in Thursday, March 8 report. The stock has “Buy” rating by UBS on Friday, July 8. The firm has “Hold” rating by Deutsche Bank given on Wednesday, October 12. On Wednesday, April 13 the stock rating was downgraded by Deutsche Bank to “Hold”.

Melvin Capital Management Lp decreased Carmax Inc (NYSE:KMX) stake by 2.62M shares to 1.40 million valued at $106.13 million in 2017Q3. It also reduced Brunswick Corp (Call) (NYSE:BC) stake by 200,000 shares and now owns 200,000 shares. Netflix Inc (NASDAQ:NFLX) was reduced too.

Investors sentiment increased to 1.23 in Q3 2017. Its up 0.11, from 1.12 in 2017Q2. It is positive, as 33 investors sold WYNN shares while 148 reduced holdings. 64 funds opened positions while 138 raised stakes. 73.07 million shares or 1.76% more from 71.80 million shares in 2017Q2 were reported. Mitsubishi Ufj Tru And has 0.04% invested in Wynn Resorts, Limited (NASDAQ:WYNN) for 163,162 shares. Cibc Fincl Bank Usa has invested 0.44% in Wynn Resorts, Limited (NASDAQ:WYNN). Janney Montgomery Scott holds 0.04% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN) for 25,936 shares. Arrow Fin holds 250 shares. Cibc Asset Mngmt, a Ontario – Canada-based fund reported 12,812 shares. Great West Life Assurance Commerce Can reported 0.02% stake. Connor Clark & Lunn Inv stated it has 0% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). Norinchukin Financial Bank The holds 0.02% or 5,955 shares in its portfolio. Wcm Inv Management Ca holds 0.01% in Wynn Resorts, Limited (NASDAQ:WYNN) or 3,000 shares. Contravisory Investment Management holds 0.12% or 2,326 shares in its portfolio. Tower Limited (Trc) accumulated 0.01% or 1,081 shares. Parkwood Limited Liability reported 0.04% stake. Deutsche Bancorporation Ag reported 0.03% stake. Bb&T Securities Ltd Liability holds 0.01% in Wynn Resorts, Limited (NASDAQ:WYNN) or 2,666 shares. Barclays Public Limited Com owns 115,162 shares or 0.02% of their US portfolio.

Marlowe Partners Lp holds 18.03% of its portfolio in Zayo Group Holdings, Inc. for 761,824 shares. Jhl Capital Group Llc owns 1.40 million shares or 17.96% of their US portfolio. Moreover, 40 North Management Llc has 12.11% invested in the company for 1.67 million shares. The New York-based Sachem Head Capital Management Lp has invested 9.32% in the stock. Spo Advisory Corp, a California-based fund reported 13.43 million shares.

Ratings analysis reveals 50% of Zayo Group Holdings’s analysts are positive. Out of 6 Wall Street analysts rating Zayo Group Holdings, 3 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $25.0 while the high is $40.0. The stock’s average target of $34.33 is -5.89% below today’s ($36.48) share price. ZAYO was included in 6 notes of analysts from December 1, 2016. Morgan Stanley downgraded Zayo Group Holdings, Inc. (NYSE:ZAYO) on Wednesday, December 14 to “Equal-Weight” rating. Stifel Nicolaus initiated Zayo Group Holdings, Inc. (NYSE:ZAYO) on Friday, January 13 with “Buy” rating. Moffett Nathanson downgraded the shares of ZAYO in report on Friday, December 2 to “Neutral” rating. The rating was downgraded by FBR Capital to “Underperform” on Friday, February 10. RBC Capital Markets maintained the shares of ZAYO in report on Thursday, December 1 with “Outperform” rating. The rating was initiated by SunTrust on Tuesday, December 13 with “Buy”.

Analysts await Zayo Group Holdings, Inc. (NYSE:ZAYO) to report earnings on May, 8. They expect $0.12 earnings per share, down 7.69% or $0.01 from last year’s $0.13 per share. ZAYO’s profit will be $29.77M for 76.00 P/E if the $0.12 EPS becomes a reality. After $0.23 actual earnings per share reported by Zayo Group Holdings, Inc. for the previous quarter, Wall Street now forecasts -47.83% negative EPS growth.

Since January 1, 0001, it had 0 insider buys, and 20 sales for $36.43 million activity.

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