Investors Sell Wynn Resorts (WYNN) on Strength (WYNN)

Investors sold shares of Wynn Resorts, Limited (NASDAQ:WYNN) on strength during trading on Thursday. $90.39 million flowed into the stock on the tick-up and $171.23 million flowed out of the stock on the tick-down, for a money net flow of $80.84 million out of the stock. Of all companies tracked, Wynn Resorts had the 0th highest net out-flow for the day. Wynn Resorts traded up $0.88 for the day and closed at $163.40

A number of equities research analysts have recently issued reports on the stock. Barclays upped their target price on shares of Wynn Resorts from $148.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. Citigroup upped their target price on shares of Wynn Resorts to $161.00 and gave the company a “buy” rating in a research note on Monday, October 16th. Zacks Investment Research upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $162.00 price objective on the stock in a research note on Tuesday, September 26th. Stifel Nicolaus increased their price objective on shares of Wynn Resorts from $134.00 to $153.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $157.00 price objective (up previously from $150.00) on shares of Wynn Resorts in a research note on Monday, October 2nd. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $151.67.

The stock has a market cap of $16,910.00, a P/E ratio of 45.57 and a beta of 1.73. The company has a current ratio of 1.72, a quick ratio of 1.68 and a debt-to-equity ratio of 24.54.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Thursday, October 26th. The casino operator reported $1.52 EPS for the quarter, beating the consensus estimate of $1.28 by $0.24. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.56 billion. Wynn Resorts had a net margin of 6.24% and a return on equity of 132.96%. Wynn Resorts’s revenue was up 45.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.74 earnings per share. equities research analysts expect that Wynn Resorts, Limited will post 5.36 earnings per share for the current year.

In other news, Director Alvin V. Shoemaker sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $151.74, for a total value of $2,276,100.00. Following the completion of the transaction, the director now directly owns 19,162 shares in the company, valued at $2,907,641.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Matt Maddox sold 59,260 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $155.12, for a total transaction of $9,192,411.20. The disclosure for this sale can be found here. Insiders sold 95,055 shares of company stock valued at $14,629,975 over the last quarter. Insiders own 13.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Wynn Resorts by 3.1% in the second quarter. Vanguard Group Inc. now owns 8,264,810 shares of the casino operator’s stock valued at $1,108,476,000 after acquiring an additional 246,476 shares in the last quarter. Capital International Investors boosted its holdings in shares of Wynn Resorts by 0.3% in the third quarter. Capital International Investors now owns 3,143,896 shares of the casino operator’s stock valued at $468,189,000 after acquiring an additional 8,534 shares in the last quarter. Maverick Capital Ltd. boosted its holdings in shares of Wynn Resorts by 36.9% in the second quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator’s stock valued at $169,024,000 after acquiring an additional 339,550 shares in the last quarter. Thornburg Investment Management Inc. boosted its holdings in Wynn Resorts by 1.2% during the third quarter. Thornburg Investment Management Inc. now owns 890,955 shares of the casino operator’s stock worth $132,681,000 after buying an additional 10,734 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Wynn Resorts by 8.0% during the third quarter. Bank of New York Mellon Corp now owns 877,781 shares of the casino operator’s stock worth $130,719,000 after buying an additional 65,335 shares in the last quarter. Institutional investors and hedge funds own 71.95% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Investors Sell Wynn Resorts (WYNN) on Strength (WYNN)” was first reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at https://www.com-unik.info/2018/01/06/investors-sell-wynn-resorts-wynn-on-strength-wynn.html.

Wynn Resorts Company Profile

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.

What are top analysts saying about Wynn Resorts? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Wynn Resorts and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit