Are Analysts Bullish Wynn Resorts, Limited (NASDAQ:WYNN) After Last Week?

July 12, 2018 - By Louis Casey

Wynn Resorts, Limited (NASDAQ:WYNN) LogoInvestors sentiment decreased to 0.9 in 2018 Q1. Its down 0.33, from 1.23 in 2017Q4. It dropped, as 75 investors sold Wynn Resorts, Limited shares while 165 reduced holdings. 88 funds opened positions while 128 raised stakes. 80.81 million shares or 13.75% more from 71.04 million shares in 2017Q4 were reported.
Penn Cap holds 0.09% in Wynn Resorts, Limited (NASDAQ:WYNN) or 6,231 shares. Blackrock owns 5.08 million shares. Alliancebernstein L P reported 134,703 shares. Emerald Advisers Pa accumulated 0.03% or 4,648 shares. Creative Planning accumulated 6,137 shares or 0% of the stock. Bluemountain Cap Mngmt Limited Liability Company holds 0.14% or 34,684 shares in its portfolio. Vident Inv Advisory Limited Co has 8,373 shares. Picton Mahoney Asset Management has 44,400 shares for 0.58% of their portfolio. Cornerstone Advisors stated it has 154 shares. Ellington Grp Ltd has 0.05% invested in Wynn Resorts, Limited (NASDAQ:WYNN) for 4,200 shares. Convergence Investment Ptnrs Ltd Liability Com accumulated 13,834 shares. State Street Corporation reported 0.05% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). The Ontario – Canada-based Toronto Dominion National Bank & Trust has invested 0.02% in Wynn Resorts, Limited (NASDAQ:WYNN). Beddow Capital Mgmt accumulated 2.12% or 28,823 shares. Sterling Capital Mgmt Lc owns 0% invested in Wynn Resorts, Limited (NASDAQ:WYNN) for 1,332 shares.

Since March 21, 2018, it had 0 insider buys, and 5 insider sales for $2.15 billion activity. MADDOX MATT had sold 18,450 shares worth $3.53M on Tuesday, May 1. MILLER ROBERT JOS sold 10,000 shares worth $1.92 million.

Wynn Resorts, Limited (NASDAQ:WYNN) Ratings Coverage

Among 15 analysts covering Wynn Resorts (NASDAQ:WYNN), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 73% are positive. Wynn Resorts had 42 analyst reports since January 19, 2018 according to SRatingsIntel. Susquehanna maintained Wynn Resorts, Limited (NASDAQ:WYNN) rating on Monday, April 23. Susquehanna has “Buy” rating and $22200 target. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) has “Buy” rating given on Wednesday, March 21 by Jefferies. As per Wednesday, April 25, the company rating was maintained by Nomura. The stock has “Neutral” rating by UBS on Monday, January 29. The company was maintained on Monday, January 29 by Jefferies. The firm earned “Buy” rating on Thursday, April 19 by Deutsche Bank. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Friday, February 9. On Monday, June 4 the stock rating was maintained by Deutsche Bank with “Buy”. Nomura upgraded the shares of WYNN in report on Wednesday, February 7 to “Buy” rating. The firm earned “Equal-Weight” rating on Tuesday, June 26 by Morgan Stanley. Below is a list of Wynn Resorts, Limited (NASDAQ:WYNN) latest ratings and price target changes.

10/07/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Buy Old Target: $209 New Target: $207 Upgrade
09/07/2018 Broker: Nomura Old Rating: Buy New Rating: Buy Old Target: $220 New Target: $181 Maintain
29/06/2018 Broker: Jefferies Old Rating: Buy New Rating: Buy Old Target: $230 New Target: $229 Maintain
26/06/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $199 New Target: $200 Maintain
04/06/2018 Broker: Deutsche Bank Rating: Buy New Target: $215.0000 Maintain
25/04/2018 Broker: Nomura Old Rating: Buy New Rating: Buy Old Target: $210 New Target: $215 Maintain
25/04/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $197 New Target: $199 Maintain
25/04/2018 Broker: Jefferies Rating: Buy New Target: $230.0000 Maintain
25/04/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Hold Old Target: $186 New Target: $209 Maintain
23/04/2018 Broker: Susquehanna Rating: Buy New Target: $222.0000 Maintain

The stock increased 2.21% or $3.56 during the last trading session, reaching $164.75. About 1.13M shares traded. Wynn Resorts, Limited (NASDAQ:WYNN) has risen 56.07% since July 12, 2017 and is uptrending. It has outperformed by 43.50% the S&P500.

Wynn Resorts, Limited develops, owns, and operates destination casino resorts. The company has market cap of $17.89 billion. As of February 15, 2017, the companyÂ’s Wynn Macau resorts had approximately 284,000 square feet of casino space, which offered 303 table games and 957 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel towers with a total of 1,008 guest rooms and suites; 8 food and beverage outlets; 57,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities comprising 2 health clubs, spas, a salon, and a pool; and the Rotunda show. It has a 38.31 P/E ratio. It also owned and operated Wynn Palace resort with a total of approximately 420,000 square feet of casino space that offers 304 table games and 996 slot machines, private gaming salons, sky casinos, and a poker pit; a luxury hotel with a total of 1,706 guest rooms, suites, and villas; 10 food and beverage outlets; 105,000 square feet of retail space; 40,000 square feet of meeting and convention space; recreation and leisure facilities, including a gondola ride, health club, spa, salon, and pool; and public attractions, such as a performance lake and floral art displays.

More notable recent Wynn Resorts, Limited (NASDAQ:WYNN) news were published by: Seekingalpha.com which released: “Elaine Wynn presses Wynn Resorts board again” on July 09, 2018, also Fool.com with their article: “Is Wynn Resorts Ltd. a Buy Yet?” published on July 12, 2018, Nasdaq.com published: “Wynn Resorts’ New CEO Faces Test With $2.5 Billion Boston Project” on June 20, 2018. More interesting news about Wynn Resorts, Limited (NASDAQ:WYNN) were released by: Seekingalpha.com and their article: “Wynn Takes Hit On June Macau Numbers” published on July 02, 2018 as well as Nasdaq.com‘s news article titled: “Las Vegas Sands Dips on an Unexpected Slowdown in Macau” with publication date: July 04, 2018.

Wynn Resorts, Limited (NASDAQ:WYNN) Institutional Positions Chart

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