Shares of Wynn Resorts, Limited (NASDAQ:WYNN – Get Rating) have been given an average rating of “Hold” by the fourteen research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $94.92.
A number of equities research analysts have weighed in on the company. Jefferies Financial Group raised Wynn Resorts from a “hold” rating to a “buy” rating in a research report on Monday, September 26th. Credit Suisse Group raised shares of Wynn Resorts from a “neutral” rating to an “outperform” rating and set a $117.00 price objective for the company in a research note on Thursday, September 15th. Citigroup raised their target price on shares of Wynn Resorts from $87.50 to $91.00 and gave the company a “buy” rating in a research report on Monday, September 26th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Wynn Resorts from $92.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, August 10th. Finally, Wells Fargo & Company dropped their price objective on shares of Wynn Resorts from $77.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 10th.
Wynn Resorts Trading Up 1.7 %
NASDAQ:WYNN opened at $75.57 on Wednesday. The stock has a fifty day simple moving average of $65.80 and a 200-day simple moving average of $63.00. The company has a market cap of $8.56 billion, a price-to-earnings ratio of -13.64 and a beta of 1.91. Wynn Resorts has a twelve month low of $50.20 and a twelve month high of $96.50.
Insider Activity at Wynn Resorts
In related news, Director Patricia Mulroy sold 2,000 shares of the stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $66.14, for a total value of $132,280.00. Following the completion of the transaction, the director now directly owns 6,781 shares of the company’s stock, valued at approximately $448,495.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Wynn Resorts
A number of large investors have recently made changes to their positions in WYNN. Mutual of America Capital Management LLC raised its position in Wynn Resorts by 1.1% during the 1st quarter. Mutual of America Capital Management LLC now owns 13,893 shares of the casino operator’s stock worth $1,108,000 after buying an additional 147 shares during the last quarter. Captrust Financial Advisors lifted its position in Wynn Resorts by 3.6% during the third quarter. Captrust Financial Advisors now owns 4,240 shares of the casino operator’s stock valued at $267,000 after purchasing an additional 147 shares during the period. Belpointe Asset Management LLC boosted its holdings in Wynn Resorts by 3.3% in the third quarter. Belpointe Asset Management LLC now owns 4,664 shares of the casino operator’s stock valued at $294,000 after purchasing an additional 150 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Wynn Resorts by 0.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 35,285 shares of the casino operator’s stock worth $2,100,000 after purchasing an additional 162 shares during the period. Finally, Royal London Asset Management Ltd. raised its stake in shares of Wynn Resorts by 0.4% during the 3rd quarter. Royal London Asset Management Ltd. now owns 39,493 shares of the casino operator’s stock valued at $2,489,000 after buying an additional 176 shares during the last quarter. 64.69% of the stock is owned by hedge funds and other institutional investors.
About Wynn Resorts
Wynn Resorts, Limited designs, develops, and operates integrated resorts. Its Wynn Palace segment operates 424,000 square feet of casino space with 323 table games, 1,035 slot machines, private gaming salons, and sky casinos; a luxury hotel tower with 1,706 guest rooms, suites, and villas, including a health club, spa, salon, and pool; 14 food and beverage outlets; 107,000 square feet of retail space; 37,000 square feet of meeting and convention space; and performance lake and floral art displays.
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