Economy

Wynn Resorts, Limited (NASDAQ:WYNN) Holdings Reduced by Legal & General Group Plc

Wynn Resorts, Limited (NASDAQ:WYNN) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. WYNN reported a change of 6.51% over the last week and performed 13.52% over the last month while its year to date (YTD) performance revealed an activity trend of 65.78%.

While looking at the Stock's Performance, Wynn Resorts Ltd. now shows a Weekly Performance of 6.51%, where Monthly Performance is 13.52%, Quarterly performance is 7.61%, 6 Months performance is 42.89% and yearly performance percentage is 53.93%. The value of the investment in Wynn Resorts, Limited went from $32,882,000 to $28,608,000 a change of $4,274,000 quarter over quarter. Retirement Systems of Alabama has an ownership of 38,428 stocks of the casino operator's shares valued $4,404,000 after scooping up an extra 817 shares through out the quarter.

Davidson Kempner Capital Management Lp bolstered its holdings by buying 62,500 shares an increase of 41.7% from 03/31/2017 to 06/30/2017. Reilly Financial Advisors LLC now owns 1,100 shares of the casino operator's stock valued at $148,000 after purchasing an additional 1,000 shares during the last quarter. The value of the company's investment in Wynn Resorts, Limited increased from $16,023,000 to $18,754,000 increasing 17.0% quarter to quarter. Following the sale, the director now directly owns 7,711 shares in the company, valued at $994,719. Wynn Resorts, Limited announced a dividend paid on Tuesday the 23rd of May 2017. The hedge fund held 1,834 stocks of the casino operator's shares during the Fiscal Q2. The New York-based Tiger Legatus Capital Management Llc has invested 4.16% in the stock.

COPYRIGHT VIOLATION WARNING: This news story was first published by BBNS and is the property of of BBNS. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & global copyright and trademark law. It also includes Encore, an expansion at Wynn Macau. Vetr raised shares of Wynn Resorts, Limited from a "hold" rating to a "buy" rating and set a $140.28 price target for the company in a research note on Thursday, June 29th. Finally, UBS AG lowered Wynn Resorts, Limited from a "buy" rating to a "hold" rating in a research report on Wednesday, July 26th. Finally, Instinet reissued a "neutral" rating and issued a $137.00 price objective (up from $130.00) on shares of Wynn Resorts, Limited in a research report on Monday, June 19th.

On August 15 the company was upgraded to "Buy" from "Hold" in a statement from Deutsche Bank. Lastly, BidaskClub lifted shares of Wynn Resorts, from a "hold" recommendation to a "buy" recommendation in a study on Fri, Jun 16th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company.

When it comes to the Analysis of a Stock, Price Target plays a vital role.

Several brokerages recently commented on WYNN.

The company's P/E ratio is 53.68 and the market cap of the company is 14.62B.

Wynn Resorts, Limited (WYNN)'s RSI (Relative Strength Index) is 70.81. The stock has a 50 day moving average price of $132.55 and a 200 day moving average price of $122.81. Russell Investments Group Ltd.'s holdings in Wynn Resorts, Limited were worth $2,651,000 at the end of the most recent quarter. The casino operator reported $1.18 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 165.77%. The company had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.47 billion. During the same quarter past year, the firm earned $1.07 earnings per share. As of the last earnings report the EPS was $2.67 and is projected to be $4.90 for the current year with 101,944,000 shares outstanding. Shareholders of record on Thursday, August 10th were given a dividend of $0.50 per share. Shares for $2.92 million were sold by Sinatra Kimmarie. The ex-dividend date was Tuesday, August 8th. Wynn Resorts, Limited's payout ratio is presently 74.91%. Also, Director Clark T. Jr. Randt sold 3,000 shares of Wynn Resorts, Limited stock in a transaction that occurred on Monday, July 31st. The President now owns $40,383,729 of the stock as reported to the SEC. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. MADDOX MATT sold 44,309 shares worth $5.95 million. The total value of its holdings increased 8.7%. The disclosure for this sale can be found here. The Company's segments include Macau Operations and Las Vegas Operations.



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