Monday, 24 September, 2018

Trader Alert: Unusual Volume Spotted in Wynn Resorts, Limited (NASDAQ:WYNN)

Trader Alert: Unusual Volume Spotted in Wynn Resorts, Limited (NASDAQ:WYNN) Trader Alert: Unusual Volume Spotted in Wynn Resorts, Limited (NASDAQ:WYNN)
Nellie Chapman | 23 January, 2018, 07:02

It has underperformed by 17.22% the S&P500. The Rhode Island-based Coastline Tru Communications has invested 0.07% in Wynn Resorts, Limited (NASDAQ:WYNN). The shares were sold at an average price of $155.12, for a total transaction of $9,192,411.20. Fred Alger, a New York-based fund reported 90,336 shares. The firm has a market capitalization of $19,240.00, a P/E ratio of 49.76 and a beta of 1.73.

The stock decreased 0.14% or $0.2198 during the last trading session, reaching $162.1502. Earnings, adjusted for one-time gains and costs, came to $1.40 per share. Wynn Resorts, Limited (NASDAQ:WYNN) has risen 37.63% since January 22, 2017 and is uptrending. It has outperformed by 20.93% the S&P500. About 2.56M shares traded or 53.10% up from the average. 3,000 shares valued at $387,000 were sold by Randt Clark T. Jr. on Monday, July 31. On Friday, September 15 Sinatra Kimmarie sold $3.08M worth of Wynn Resorts, Limited (NASDAQ:WYNN) or 21,451 shares. Therefore 50% are positive. Falcon Point Capital Limited Liability Com reported 0.03% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). It reported revenues of $1.69 billion versus $1.51 billion expected. The firm earned "Hold" rating on Wednesday, October 12 by Deutsche Bank. The rating was reinitiated by Goldman Sachs on Monday, July 27 with "Neutral". CLSA downgraded the shares of WYNN in report on Friday, April 29 to "Outperform" rating. Stifel Nicolaus maintained Wynn Resorts, Limited (NASDAQ:WYNN) on Thursday, November 3 with "Hold" rating. On Friday, October 13 the stock rating was maintained by Morgan Stanley with "Overweight". The stock has a consensus rating of "Buy" and an average target price of $154.63. Argus Research maintained the shares of WYNN in report on Thursday, September 3 with "Hold" rating.

Additionally, according to the most recent 13F filing from Wynn Resorts, Limited (WYNN), there were 56 new positions totaling 4,192,454 shares of the company's stock. They set a buy rating and a $163.00 target price on the stock. About 1.84M shares traded or 10.23% up from the average. Com Bancshares accumulated 2,209 shares or 0% of the stock. (NYSE:T). Burney owns 0.6% invested in AT&T Inc. Point72 Asset Management L.P. now owns 418,843 shares of the casino operator's stock worth $62,374,000 after purchasing an additional 352,343 shares in the last quarter.

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. Numeric Investors Lc invested in 0.02% or 555,275 shares. Exxonmobil Investment Tx invested 0.06% in Wynn Resorts, Limited (NASDAQ:WYNN).

Deutsche Bank Ag increased Cree Inc (NASDAQ:CREE) stake by 214,539 shares to 462,553 valued at $13.04 million in 2017Q3. Price T Rowe Assocs Md reported 207,159 shares. Neuberger Berman Ltd Llc has 1,568 shares for 0% of their portfolio.

Wynn Resorts, Limited reported net income of $491 million for the fourth quarter of the year. This is an increase over its earnings per share of 50 cents from the same period of the year prior.

Earnings per share reported by Wynn Resorts, Limited for the fourth quarter of 2017 was $1.40.

Investors sentiment decreased to 1.28 in Q3 2017. Its up 0.02, from 1.15 in 2017Q2. It dropped, as 14 investors sold ACET shares while 33 reduced holdings. 106 funds opened positions while 696 raised stakes. Susquehanna Llp has 0% invested in Bridgepoint Education, Inc. Metropolitan Life Insurance has invested 0% in Aceto Corporation (NASDAQ:ACET). Jacobs Levy Equity Mgmt accumulated 85,840 shares. Revenue was reported as $6.31 billion. It also upped Royal Caribbean Cruises Ltd (NYSE:RCL) stake by 770,500 shares and now owns 1.07M shares. Central owns 30,000 shares for 0.77% of their portfolio. Alliancebernstein Ltd Partnership has invested 0% in Aceto Corporation (NASDAQ:ACET). About 139,376 shares traded. At present, 0 analysts call it Sell, while 9 think it is Hold. Wynn Resorts had 64 analyst reports since July 31, 2015 according to SRatingsIntel. The company was maintained on Sunday, October 29 by Canaccord Genuity. The rating was upgraded by Aegis Capital on Tuesday, March 21 to "Buy". The company was downgraded on Thursday, November 10 by Boenning & Scattergood. The stock of Aceto Corporation (NASDAQ:ACET) has "Buy" rating given on Monday, August 28 by Canaccord Genuity.

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