Wynn Resorts (NASDAQ:WYNN) was upgraded by Goldman Sachs Group from a “sell” rating to a “neutral” rating in a report released on Sunday, The Fly reports.
Other research analysts have also recently issued research reports about the company. Barclays lifted their target price on Wynn Resorts from $148.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. Citigroup boosted their price target on Wynn Resorts to $161.00 and gave the stock a “buy” rating in a report on Monday, October 16th. Stifel Nicolaus restated a “hold” rating and set a $134.00 price target on shares of Wynn Resorts in a report on Thursday, October 12th. Jefferies Group restated a “positive” rating and set a $220.00 price target on shares of Wynn Resorts in a report on Tuesday, January 23rd. Finally, Zacks Investment Research cut Wynn Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Eleven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $178.93.
Wynn Resorts (NASDAQ WYNN) traded down $3.93 during trading on Friday, reaching $166.56. The company’s stock had a trading volume of 5,381,205 shares, compared to its average volume of 4,820,000. Wynn Resorts has a 1 year low of $92.67 and a 1 year high of $203.63. The company has a debt-to-equity ratio of 24.54, a quick ratio of 1.68 and a current ratio of 1.72. The company has a market capitalization of $17,120.00, a PE ratio of 22.91 and a beta of 1.59.
In other Wynn Resorts news, EVP Kimmarie Sinatra sold 20,795 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $152.03, for a total value of $3,161,463.85. Following the transaction, the executive vice president now directly owns 226,992 shares of the company’s stock, valued at $34,509,593.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alvin V. Shoemaker sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $151.74, for a total value of $2,276,100.00. Following the completion of the transaction, the director now directly owns 19,162 shares in the company, valued at $2,907,641.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,055 shares of company stock worth $14,629,975. Insiders own 13.20% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank increased its holdings in shares of Wynn Resorts by 26.0% during the second quarter. Toronto Dominion Bank now owns 27,068 shares of the casino operator’s stock valued at $3,629,000 after acquiring an additional 5,593 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Wynn Resorts by 28.6% during the second quarter. Public Employees Retirement System of Ohio now owns 46,525 shares of the casino operator’s stock valued at $6,240,000 after acquiring an additional 10,335 shares in the last quarter. Gotham Asset Management LLC bought a new stake in shares of Wynn Resorts during the second quarter valued at approximately $528,000. Cubist Systematic Strategies LLC increased its holdings in shares of Wynn Resorts by 84.3% during the third quarter. Cubist Systematic Strategies LLC now owns 28,371 shares of the casino operator’s stock valued at $4,225,000 after acquiring an additional 12,981 shares in the last quarter. Finally, Scotia Capital Inc. increased its holdings in shares of Wynn Resorts by 30.0% during the second quarter. Scotia Capital Inc. now owns 21,118 shares of the casino operator’s stock valued at $2,832,000 after acquiring an additional 4,874 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.
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About Wynn Resorts
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. The Company’s segments include Macau Operations and Las Vegas Operations.
