Should You Follow the Smart Money Into These Hotel Stocks?

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Wynn Resorts Limited (NASDAQ:WYNN) has succeeded in giving double-digit returns to its shareholders over the last year having advanced by more than 30%. This owner and developer of casino resorts operates in both the Macau and Las Vegas segments and is also developing another casino resort in Massachusetts. The number of funds that we track holding shares of Wynn Resorts Limited (NASDAQ:WYNN) fell to 30 from 35 during the second quarter, while the aggregate value of their holding declined to $1.72 billion from $1.93 billion and represented 18.7% of the company’s float on June 30. For the second quarter of 2016, Wynn Resorts reported revenues of $1.06 billion that beat analyst estimates by $40 million, while its earnings of $1.07 per share was higher than the expected $0.91. The company recently opened the most expensive property in Macau and increased the number of gaming tables to 350 from 100.

Hilton Worldwide Holdings Inc (NYSE:HLT) owns and manages more than 4,600 hotel properties worldwide. The hospitality company has a market value of more than $22.50 billion and has returned 7% year-to-date. Among the funds in our database, 27 reported stakes in Hilton Worldwide Holdings as of the end of June, down from 42 a quarter earlier. However, the total value of their holdings increased to $1.95 billion from $1.49 billion during the second quarter. In the second quarter, the management & franchise fees revenue increased by 9% on the year to $471 million, while timeshare revenue went up to $336 million from $319 million reported for the second quarter of 2015.

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