Wednesday, 23 January, 2019

LMR Partners LLP Reduces Position in Wynn Resorts, Limited (WYNN)

Stacy Diaz | 31 January, 2018, 04:18

Blackrock Incorporated accumulated 2.65 million shares or 0% of the stock. Bank of America reaffirmed a hold rating and set a $200.00 price objective on shares of Wynn Resorts in a research note on Tuesday, January 23rd. It also reduced Acushnet Holdings Corp stake by 23,500 shares and now owns 102,500 shares. First Personal Financial Services boosted its stake in shares of Wynn Resorts by 102.9% in the 3rd quarter. First Personal Financial Services now owns 710 shares of the casino operator's stock worth $106,000 after acquiring an additional 360 shares during the period. Wynn Resorts earned a media sentiment score of 0.15 on Accern's scale. The stock returned 6.92% last month which was maintained at 6.94% this year. American Assets Capital Advisers LLC raised its stake in shares of Wynn Resorts by 62.5% during the fourth quarter. Public Employees Retirement System of OH raised its stake in shares of Wynn Resorts by 28.6% in the second quarter. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The price to earnings growth ration calculated as 2.81. Following the completion of the transaction, the director now owns 19,162 shares of the company's stock, valued at $2,907,641.88. The stock has actually grown in the past week, as the company has gathered a 0.36% return in the past 5 trading days. Corporate insiders own 13.20% of the company's stock.

Shares in Wynn Resorts plunged more than 10% Friday after a Wall Street Journal story detailed numerous allegations of sexual misconduct against founder and CEO Steve Wynn. Brumm Joshua T sold $3,381 worth of stock. Moving toward ratio analysis, it has current ratio of 1.70 and quick ratio was calculated as 1.70. The company has Relative Strength Index (RSI 14) of 43.64 together with Average True Range (ATR 14) of 6.27. Jefferies Group began coverage on Wynn Resorts in a report on Thursday, January 18th. The Shellback Capital Lp holds 84,859 shares with $12.64 million value, up from 52,001 last quarter. Wynn Resorts had a return on equity of 148.17% and a net margin of 11.85%. According to their predictions high & low revenue estimates are 1.74 Billion and 1.59 Billion respectively. During the same period in the prior year, the company posted $1.07 EPS. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, August 8th. As of February 15, 2017, the companyƂ'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. Wynn Resorts's dividend payout ratio (DPR) is now 27.51%.

Several other equities research analysts have also weighed in on WYNN.

Wynn Resorts Ltd. (NASDAQ:WYNN) now has a Weekly Volatility of 5.94% percent while its Monthly Volatility is at 3.07% percent.

Shares of Wynn Resorts, Limited (WYNN) moved -10.12% in the recent trading day. The stock was sold at an average price of $155.12, for a total transaction of $9,192,411.20. The firm's revenue was up 29.9% compared to the same quarter last year. sell-side analysts predict that Wynn Resorts, Limited will post 7.73 earnings per share for the current fiscal year. If a stock does not have good liquidity then it may take some time before a broker is able to negotiate a deal to buy or sell a stock and the broker may not be able to get the sell or buy price that the trader is looking for.

Wynn Resorts Ltd. (NASDAQ:WYNN) received a Buy rating from 4 analysts.

ILLEGAL ACTIVITY WARNING: "Wynn Resorts (WYNN) Lowered to "Neutral" at UBS Group" was originally reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this article on another website, it was copied illegally and reposted in violation of global copyright legislation. A volatility formula based only on the high-low range would fail to capture volatility from gap or limit moves.

Wynn Resorts, Limited develops, owns, and operates destination casino resorts.