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.
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.
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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.
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