Steve Wynn has already lost more than $425 million
- Author: Marlene Weaver Jan 31, 2018,
Jan 31, 2018, 4:19
Its down 0.51, from 1.63 in 2017Q2. In the past 4-weeks, shares have been lower -3.95%. A volatility formula based only on the high-low range would fail to capture volatility from gap or limit moves. Moreover, Alkeon Mngmt Lc has 0.03% invested in Wynn Resorts, Limited (NASDAQ:WYNN). Maverick Capital Ltd. raised its stake in shares of Wynn Resorts by 36.9% in the second quarter. Community Tru & Investment Com reported 7,800 shares or 0.12% of all its holdings. Wynn Resorts's dividend payout ratio is now 27.51%. Crystal Rock has invested 3.3% in Wynn Resorts, Limited (NASDAQ:WYNN). Reilly Financial Advisors Ltd Liability Com reported 1,100 shares stake.
Palisade Asset Management Llc increased its stake in Schlumberger Limited (SLB) by 19.35% based on its latest 2017Q3 regulatory filing with the SEC. 2,239 were reported by Advisor Ptnrs Ltd Llc. Manufacturers Life Insurance Co The has 0.02% invested in Wynn Resorts, Limited (NASDAQ:WYNN) for 85,240 shares.
Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Monday, January 22nd. Wynn Resorts Ltd now has $17.26 billion valuation. Why are the underperforming company shares going higher?
Since July 31, 2017, it had 0 insider buys, and 2 insider sales for $9.23 million activity. First Personal Financial Services now owns 710 shares of the casino operator's stock valued at $106,000 after purchasing an additional 360 shares during the period. Another trade for 21,451 shares valued at $3.08M was made by Sinatra Kimmarie on Friday, September 15. BidaskClub raised shares of Wynn Resorts from a hold rating to a buy rating in a research note on Tuesday, January 23rd. This was a downgrade from the previous "Buy" rating.
Among 28 analysts covering Wynn Resorts (NASDAQ:WYNN), 14 have Buy rating, 1 Sell and 13 Hold. Therefore 45% are positive. Citigroup set a $228.00 price target on Wynn Resorts and gave the company a "buy" rating in a report on Tuesday, January 23rd.
Wynn Resorts Ltd. (NASDAQ:WYNN) touched its 1-Year High price of $203.63 on 01/25/18 and its 1-Year Low price of $ 92.67 on 02/24/17.
A number of research analysts have recently issued reports on WYNN shares. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator's stock worth $169,024,000 after purchasing an additional 339,550 shares during the last quarter. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) has "Hold" rating given on Wednesday, October 11 by Stifel Nicolaus. Morgan Stanley upped their target price on Wynn Resorts from $151.00 to $158.00 and gave the company an "overweight" rating in a report on Friday, October 13th. The company was maintained on Friday, September 8 by Piper Jaffray. The rating was maintained by Telsey Advisory on Friday, October 27 with "Hold".
WARNING: "Wynn Resorts (WYNN) Given "Buy" Rating at Deutsche Bank" was first posted by TrueBlueTribune and is owned by of TrueBlueTribune.
Many analysts have provided their estimated foresights on Wynn Resorts Ltd. Earnings, with 11 analysts believing the company would generate an Average Estimate of $1.78. Ten equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. The stock has "Hold" rating by Standpoint Research on Wednesday, April 20. The stock traded with the average Volume of 2.18 Million at the end of last session. The shares were sold at an average price of $152.03, for a total transaction of $3,161,463.85. It has outperformed by 20.93% the S&P500. The company operates in the Consumer Cyclical sector with a market capitalization of 18.1 Million. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.47 billion. It has a 12.1 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.