Wynn Resorts, Limited (WYNN) Given Neutral Rating at Instinet

Wynn Resorts, Limited (NASDAQ:WYNN)‘s stock had its “neutral” rating reaffirmed by analysts at Instinet in a research report issued on Monday.

A number of other research analysts have also recently weighed in on WYNN. Aegis raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research note on Tuesday, March 21st. Wells Fargo & Company reissued a “neutral” rating on shares of Wynn Resorts, Limited in a research note on Tuesday, March 21st. Vetr raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $116.86 price objective for the company in a research note on Wednesday, March 22nd. Wolfe Research reissued a “market perform” rating on shares of Wynn Resorts, Limited in a research note on Tuesday, March 28th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Wynn Resorts, Limited in a research note on Tuesday, March 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $122.83.

Wynn Resorts, Limited (WYNN) traded down 0.44% during midday trading on Monday, hitting $129.85. The stock had a trading volume of 2,157,384 shares. The firm has a market cap of $13.21 billion, a P/E ratio of 49.35 and a beta of 1.73. Wynn Resorts, Limited has a 12-month low of $82.51 and a 12-month high of $139.67. The stock has a 50-day moving average price of $130.68 and a 200 day moving average price of $110.37. Wynn Resorts, Limited also was the target of unusually large options trading activity on Friday. Stock investors acquired 13,002 call options on the company. This is an increase of 118% compared to the typical volume of 5,956 call options.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its quarterly earnings data on Tuesday, April 25th. The casino operator reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.28. Wynn Resorts, Limited had a net margin of 5.41% and a return on equity of 264.58%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the company posted $1.07 EPS. The company’s revenue was up 47.9% on a year-over-year basis. On average, equities analysts anticipate that Wynn Resorts, Limited will post $4.76 earnings per share for the current fiscal year.

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In related news, President Matt Maddox sold 60,000 shares of the business’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $124.25, for a total transaction of $7,455,000.00. Following the completion of the sale, the president now owns 354,895 shares of the company’s stock, valued at approximately $44,095,703.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John J. Hagenbuch sold 1,150 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $128.40, for a total transaction of $147,660.00. Following the sale, the director now directly owns 11,662 shares of the company’s stock, valued at approximately $1,497,400.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 130,309 shares of company stock valued at $16,761,891. Insiders own 13.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in Wynn Resorts, Limited by 83.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the casino operator’s stock valued at $117,000 after buying an additional 462 shares during the period. FNY Partners Fund LP boosted its position in Wynn Resorts, Limited by 5,400.0% in the first quarter. FNY Partners Fund LP now owns 1,100 shares of the casino operator’s stock valued at $126,000 after buying an additional 1,080 shares during the period. Mercer Capital Advisers Inc. purchased a new position in Wynn Resorts, Limited during the first quarter valued at approximately $143,000. Gulf International Bank UK Ltd boosted its position in Wynn Resorts, Limited by 13.9% in the first quarter. Gulf International Bank UK Ltd now owns 1,639 shares of the casino operator’s stock valued at $187,000 after buying an additional 200 shares during the period. Finally, Newman Dignan & Sheerar Inc. purchased a new position in Wynn Resorts, Limited during the first quarter valued at approximately $210,000. Hedge funds and other institutional investors own 75.28% of the company’s stock.

About Wynn Resorts, Limited

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.

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