Economy

Casino CEO Steve Wynn Speaks out Following Las Vegas Shooting

BlackRock Inc. now owns 4,945,920 shares of the casino operator's stock valued at $566,852,000 after buying an additional 4,850,373 shares in the last quarter.

Several large investors have recently added to or reduced their stakes in the company. This works out to an increase of 46.90% compared to last year's earnings. BDX's institutional ownership was registered as 90.30% while insider ownership was 0.10%.

ILLEGAL ACTIVITY NOTICE: "361 Capital LLC Buys Shares of 54,160 Wynn Resorts, Limited (WYNN)" was originally reported by StockNewsTimes and is the property of of StockNewsTimes. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 price target (up previously from $110.00) on shares of Wynn Resorts, Limited in a research report on Wednesday, April 26th.

On August 15, 2017 the stock rating was rated "Buy" in a report from Deutsche Bank which was a boost from the previous "Hold" rating. Finally, Morgan Stanley restated an "overweight" rating on shares of Wynn Resorts, Limited in a research report on Thursday, January 19th. The average investment rating for WYNN on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 3.82 or a Hold. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $139.91.

WARNING: This article was originally posted by BBNS and is the sole property of of BBNS. If you are viewing this news story on another site, it was illegally copied and republished in violation of global copyright law. Wallace asked Wynn if his security teams had much of a profile on him, and if anything should have raised a red flag. Aegis Capital upgraded Wynn Resorts, Limited (NASDAQ:WYNN) on Tuesday, March 21 to "Buy" rating.

The P/E ratio is now 53.66 and market cap is 14.62B. The stock was trading at a distance of -4.67% from its 52-week highs and stands 73.76% away from its 52-week lows. It is trading at $143.37 which is just over $142.58, the 50 day moving average and marginally over the 200 day moving average of $131.01.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its earnings results on Tuesday, July 25th. Next quarter's EPS is forecasted to be $1.30 with next year's EPS anticipated to be $6.22. Wynn Resorts, Limited had a return on equity of 165.77% and a net margin of 5.02%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.47 billion. In the past, Wynn has even talked about a $25 fee to enter the development, which could be worth hundreds of millions in revenue each year. Advisors Asset Management Inc sold 12,903 shares as Wynn Resorts Ltd (WYNN)'s stock rose 26.92%.

In other news, Director Clark T. Jr.

Given the limited number of growth opportunities in gaming today, I think Wynn Resorts is easily the best growth stock. The stock was sold at an average price of $129.00, for a total transaction of $387,000.00. The company has market cap of $3.47 billion. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. "And yet he prepared over an extended period of time, a totally irrational act", Wynn said. The shares were sold at an average price of $143.62, for a total value of $3,080,792.62. Following the transaction, the executive vice president now owns 223,443 shares of the company's stock, valued at $32,090,883.66. The disclosure for this sale can be found here.

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.

"He's been staying in Las Vegas since '06", he said.



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