Wynn Resorts (WYNN) Downgraded to "Neutral" at UBS Group

Wynn Resorts (WYNN) Downgraded to

Wynn Resorts (WYNN) Downgraded to "Neutral" at UBS Group

Wynn Resorts, Limited (NASDAQ:WYNN) are being monitored closely by investors today as the name is now priced at $163.48, a -4.41% difference from where it most recently opened.

Watching Wynn: Investors are closely monitoring shares in casino firms Wynn Macau and Wynn Resorts.

Want to see what other hedge funds are holding WYNN?

The stock has actually made strong gains in the past year, as the company has gathered a 32.46% return in the past twelve months. Public Employees Retirement System of OH raised its stake in shares of Wynn Resorts by 28.6% in the second quarter. The casino operator reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.33 by $0.07. Finally, First Personal Financial Services raised its stake in Wynn Resorts by 112.0% during the fourth quarter. Cubist Systematic Strategies LLC now owns 28,371 shares of the casino operator's stock worth $4,225,000 after purchasing an additional 12,981 shares during the last quarter. The stock was sold at an average price of $155.12, for a total transaction of $9,192,411.20. Insider ownership decreased by a total of 29669 shares, which suggests that WYNN's key executives are feeling less optimistic about the outlook for the stock. The Weekly and Monthly Volatility stands at 5.94% and 2.91%. Following the sale, the director now owns 19,162 shares in the company, valued at approximately $2,907,641.88. The disclosure for this sale can be found here.

Other executives who have lost jobs due to allegations of sexual harassment and left their companies "without cause" and collected large severance packages. Telsey Advisory Group reissued an outperform rating and issued a $145.00 target price (up from $110.00) on shares of Wynn Resorts, Limited in a report on Wednesday, April 26th. Citigroup set a $228.00 price target on Wynn Resorts and gave the company a "buy" rating in a report on Tuesday, January 23rd. For Wynn Resorts, Limited (NASDAQ:WYNN), Stochastic %D value stayed at 69.92% for the last 9 days. They generally move extremely slowly and they only produce big price swings when the company produces good or bad trading results, which may only happen a couple of times a year at best. 4 of these were buys and 8 were sells. Wynn Resorts, Limited presently has an average rating of Hold and a consensus price target of $125.62. Sun Life Financial reported 0.02% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). The company rocked its 52-Week High of $203.63 and touched its 52-Week Low of $92.67. Moving toward ratio analysis, it has current ratio of 1.70 and quick ratio was calculated as 1.70. Jump Trading Limited Liability Company has invested 0.04% in Wynn Resorts, Limited (NASDAQ:WYNN). The firm has a market cap of $13.26 billion, a price-to-earnings ratio of 48.68 and a beta of 1.72.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Monday, January 22nd. On these revelations, the Massachusetts Gaming Commission announced that it would open a regulatory review into the Company over the sexual misconduct allegations reported in The Wall Street Journal article. Wynn Resorts had a return on equity of 148.17% and a net margin of 11.85%. The high and low revenue estimates for the current quarter are $1.74 Billion and $1.59 Billion, respectively. Likewise, the upbeat performance for the last quarter was 12.48% and for the full year it was 58.60%.

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Among 29 analysts covering Wynn Resorts (NASDAQ:WYNN), 13 have Buy rating, 1 Sell and 15 Hold.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, February 14th. The earning yield also gives right direction to lure investment, as the co has 1.22% dividend yield.

Hanseatic Management Services Inc increased its stake in Wynn Resorts Ltd. (WYNN) by 225.24% based on its latest 2017Q3 regulatory filing with the SEC.

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Wynn Resorts, Limited develops, owns, and operates destination casino resorts. The Company's Las Vegas Operations include Wynn Las Vegas and Encore, an expansion at Wynn Las Vegas.

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