Sentiment for Wynn Resorts LTD (NASDAQ:WYNN)
Wynn Resorts LTD (NASDAQ:WYNN) institutional sentiment decreased to 1.11 in 2018 Q3. Its down -0.37, from 1.48 in 2018Q2. The ratio worsened, as 214 investment managers increased and opened new stock positions, while 192 reduced and sold holdings in Wynn Resorts LTD. The investment managers in our partner’s database now hold: 79.14 million shares, down from 79.61 million shares in 2018Q2. Also, the number of investment managers holding Wynn Resorts LTD in their top 10 stock positions increased from 6 to 7 for an increase of 1. Sold All: 75 Reduced: 117 Increased: 151 New Position: 63.
Wynn Resorts, Limited develops, owns, and operates destination casino resorts. The company has market cap of $12.84 billion. As of February 15, 2017, the companyÂ’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. It has a 20.84 P/E ratio. It also owned and operated Wynn Palace resort with a total of approximately 420,000 square feet of casino space that offers 304 table games and 996 slot machines, private gaming salons, sky casinos, and a poker pit; a luxury hotel with a total of 1,706 guest rooms, suites, and villas; 10 food and beverage outlets; 105,000 square feet of retail space; 40,000 square feet of meeting and convention space; recreation and leisure facilities, including a gondola ride, health club, spa, salon, and pool; and public attractions, such as a performance lake and floral art displays.
The stock decreased 0.35% or $0.42 during the last trading session, reaching $118.11. About 1.90 million shares traded. Wynn Resorts, Limited (NASDAQ:WYNN) has declined 33.15% since January 28, 2018 and is downtrending. It has underperformed by 33.15% the S&P500.
Northern Cross Llc holds 11.7% of its portfolio in Wynn Resorts, Limited for 257,234 shares. Kamunting Street Capital Management L.P. owns 65,000 shares or 7.54% of their US portfolio. Moreover, Lone Pine Capital Llc has 3.89% invested in the company for 5.96 million shares. The Massachusetts-based Shellback Capital Lp has invested 3.77% in the stock. Palestra Capital Management Llc, a New York-based fund reported 632,000 shares.
Since January 1, 0001, it had 1 buying transaction, and 0 insider sales for $1.01 million activity.
Wynn Resorts, Limited (NASDAQ:WYNN) Ratings Coverage
Ratings analysis reveals 44% of Wynn Resorts’s analysts are positive. Out of 9 Wall Street analysts rating Wynn Resorts, 4 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $104 while the high is $213. The stock’s average target of $153.33 is 29.82% above today’s ($118.11) share price. WYNN was included in 12 notes of analysts from August 2, 2018. Deutsche Bank maintained it with “Buy” rating and $130 target in Monday, January 7 report. The company was maintained on Thursday, November 8 by Jefferies. The rating was maintained by Susquehanna with “Positive” on Thursday, August 2. The rating was downgraded by Argus Research on Tuesday, August 7 to “Hold”. As per Thursday, November 8, the company rating was maintained by Morgan Stanley. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) earned “Neutral” rating by Bank of America on Thursday, August 2. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) has “Buy” rating given on Thursday, August 2 by Stifel Nicolaus. The firm has “Overweight” rating by Barclays Capital given on Thursday, August 2. Credit Suisse maintained Wynn Resorts, Limited (NASDAQ:WYNN) rating on Thursday, November 8. Credit Suisse has “Neutral” rating and $104 target. Jefferies downgraded the stock to “Hold” rating in Tuesday, August 14 report.
More notable recent Wynn Resorts, Limited (NASDAQ:WYNN) news were published by: Investorplace.com which released: “3 Casino Stocks That Could Bounce Higher – Investorplace.com” on January 24, 2019, also Nasdaq.com with their article: “Notable Friday Option Activity: WYNN, GS, GILD – Nasdaq” published on January 18, 2019, Investorplace.com published: “3 Big Stock Charts for Friday: General Electric, Nike and Wynn Resorts – Investorplace.com” on January 18, 2019. More interesting news about Wynn Resorts, Limited (NASDAQ:WYNN) were released by: Nasdaq.com and their article: “Top Ranked Momentum Stocks to Buy for January 17th – Nasdaq” published on January 17, 2019 as well as Nasdaq.com‘s news article titled: “March 1st Options Now Available For Wynn Resorts (WYNN) – Nasdaq” with publication date: January 10, 2019.
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