The stock of Wynn Resorts, Limited (NASDAQ:WYNN) is a huge mover today! About 1.52 million shares traded hands. Wynn Resorts, Limited (NASDAQ:WYNN) has declined 13.48% since April 13, 2016 and is downtrending. It has underperformed by 17.41% the S&P500.
The move comes after 8 months positive chart setup for the $8.73B company. It was reported on Nov, 15 by Barchart.com. We have $127.77 PT which if reached, will make NASDAQ:WYNN worth $4.19 billion more.
Wynn Resorts, Limited (NASDAQ:WYNN) Ratings Coverage
Out of 19 analysts covering Wynn Resorts (NASDAQ:WYNN), 8 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 42% are positive. Wynn Resorts has been the topic of 38 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was upgraded by Credit Agricole on Wednesday, September 2 to “Buy”. On Thursday, November 3 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) has “Buy” rating given on Tuesday, October 27 by Gabelli. The rating was upgraded by Telsey Advisory Group on Thursday, April 7 to “Outperform”. Citigroup maintained it with “Buy” rating and $117 target price in Wednesday, April 13 report. Brean Capital maintained Wynn Resorts, Limited (NASDAQ:WYNN) rating on Friday, July 31. Brean Capital has “Buy” rating and $128 price target. Deutsche Bank downgraded the shares of WYNN in a report on Wednesday, April 13 to “Hold” rating. UBS maintained the shares of WYNN in a report on Friday, July 8 with “Buy” rating. On Friday, April 29 the stock rating was downgraded by Credit Agricole to “Outperform”. The stock has “Overweight” rating given by JP Morgan on Thursday, October 8.
According to Zacks Investment Research, “Wynn Resorts Limited and its wholly-owned subsidiaries Wynn Las Vegas and Wynn Capital will own and operate Le Reve, which they’ve designed to be the preeminent luxury hotel and destination casino resort in Las Vegas. Le Reve will be situated at the site of the former Desert Inn & Casino on the Las Vegas Strip in Las Vegas, Nevada.”
Insitutional Activity: The institutional sentiment decreased to 1.01 in 2016 Q2. Its down 0.37, from 1.38 in 2016Q1. The ratio dived, as 45 funds sold all Wynn Resorts, Limited shares owned while 135 reduced positions. 50 funds bought stakes while 131 increased positions. They now own 75.05 million shares or 4.08% less from 78.24 million shares in 2016Q1.
Nuveen Asset Management Llc reported 136,017 shares or 0.08% of all its holdings. Finance Architects accumulated 1,429 shares or 0.04% of the stock. Advantus Capital Mngmt Inc last reported 7,950 shares in the company. The Alabama-based Regions Fincl has invested 0.01% in Wynn Resorts, Limited (NASDAQ:WYNN). Columbia Asset Mngmt last reported 9,450 shares in the company. Mark Asset Management holds 55,083 shares or 1.47% of its portfolio. Nokota Management L P holds 0.61% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN) for 180,000 shares. Qs Invsts Limited Liability holds 0% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN) for 1,148 shares. Schwab Charles Inv Mgmt reported 335,078 shares or 0.04% of all its holdings. First Trust Advisors L P holds 49,355 shares or 0.01% of its portfolio. Johnson Financial Gru Inc accumulated 0% or 26 shares. Delta Lloyd Nv holds 5,782 shares or 0.02% of its portfolio. Moreover, Parallax Volatility Advisers Ltd Partnership has 0.03% invested in Wynn Resorts, Limited (NASDAQ:WYNN) for 170,087 shares. The Kentucky-based Mcf Advsr Limited Com has invested 0% in Wynn Resorts, Limited (NASDAQ:WYNN). Seven Eight Capital Limited Co reported 2,714 shares or 0.08% of all its holdings.
Insider Transactions: Since November 9, 2016, the stock had 0 insider buys, and 1 insider sale for $3.27 million net activity. The insider WAYSON DANIEL BOONE sold 37,500 shares worth $3.27 million.
More notable recent Wynn Resorts, Limited (NASDAQ:WYNN) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Wynn Resorts, Walgreens Boots Alliance and Starbucks” on November 11, 2016, also Fool.com with their article: “Better Buy: Wynn Resorts Ltd. vs. Caesars Entertainment” published on October 24, 2016, Businesswire.com published: “Wynn Resorts, Limited Reports Third Quarter 2016 Results” on November 02, 2016. More interesting news about Wynn Resorts, Limited (NASDAQ:WYNN) were released by: Seekingalpha.com and their article: “Wynn Resorts, Limited’s (WYNN) CEO Steve Wynn on Q3 2016 Results – Earnings …” published on November 05, 2016 as well as Forbes.com‘s news article titled: “Oversold Conditions For Wynn Resorts (WYNN)” with publication date: November 03, 2016.
WYNN Company Profile
Wynn Resorts, Limited (Wynn Resorts), incorporated on June 3, 2002, 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 Firm operates through two divisions: Macau Operations and Las Vegas Operations. In Macau, it owns interest in Wynn Macau, Limited and operates Wynn Macau and Encore at Wynn Macau. In Las Vegas, Nevada, it owns and operates Wynn Las Vegas and Encore at Wynn Las Vegas. In addition, the Company is developing an integrated casino resort in Everett, Massachusetts.
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