Neuberger Berman Group LLC Acquires New Stake in Wynn Resorts, Limited (WYNN)

Paterniano Del Favero
Luglio 26, 2017

Wynn Resorts, Limited has a 1-year low of $82.51 and a 1-year high of $139.67.

A number of other equities research analysts have also recently commented on the company. The company now has a consensus rating of "Buy" and a consensus price target of $125.04. The stock has a 50 day moving average of $134.02 and a 200-day moving average of $115.62. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Wynn Resorts, Limited by 0.3% in the fourth quarter. TIAA CREF Investment Management LLC raised its position in Wynn Resorts, Limited by 142.5% in the first quarter. American Century Companies Inc. raised its position in Wynn Resorts, Limited by 76.6% in the first quarter. MARSHALL WACE ASIA Ltd purchased a new position in Wynn Resorts, Limited during the first quarter valued at $1,893,000. (The) reaffirmed a neutral rating on shares of Wynn Resorts, Limited in a research report on Tuesday, March 28th. CLSA upgraded Wynn Resorts, Limited from an "underperform" rating to an "outperform" rating in a report on Thursday, April 20th. Following the completion of the transaction, the director now owns 8,011 shares in the company, valued at $1,026,048.88. Sanford C. Bernstein reissued an "outperform" rating on shares of Wynn Resorts, Limited in a report on Wednesday, May 24th. Federated Investors Inc. PA now owns 4,304 shares of the casino operator's stock valued at $372,000 after buying an additional 2,763 shares in the last quarter. The recent move of 3.27% gain helped the stock to close at $138.53 when trading ended on Jul. 24, 2017. The firm has a market cap of $14.14 billion, a PE ratio of 52.82 and a beta of 1.73. The company had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.40 billion.

Wynn Resorts, Limited (NASDAQ:WYNN) saw unusually large options trading on Friday. The casino operator reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.96 by $0.28. Institutional investors own 75.31% of the company's stock. Vetr cut Wynn Resorts, Limited from a buy rating to a hold rating and set a $120.45 price target for the company.in a research note on Tuesday, April 4th. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the casino operator's stock valued at $117,000 after buying an additional 462 shares during the last quarter. Finally, CT Financial Advisors LLC increased its stake in Wynn Resorts, Limited by 2.5% in the first quarter. Wynn Resorts, Limited (NASDAQ:WYNN) has risen 37.63% since July 25, 2016 and is uptrending. CT Financial Advisors LLC now owns 2,250 shares of the casino operator's stock worth $258,000 after buying an additional 55 shares during the period. Wynn Resorts, Limited's quarterly revenue was up 47.9% on a year-over-year basis.

TRADEMARK VIOLATION NOTICE: This article was posted by Stock Observer and is the property of of Stock Observer. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & global trademark and copyright law. On average, analysts expect that Wynn Resorts, Limited will post $4.77 EPS for the current year. The original version of this story can be read at https://www.baseball-news-blog.com/2017/07/25/bank-of-nova-scotia-invests-2-09-million-in-wynn-resorts-limited-wynn-updated-updated.html.

In other news, President Matt Maddox sold 44,309 shares of the firm's stock in a transaction that occurred on Friday, June 16th.

In related news, Director Patricia Mulroy sold 2,226 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $134.35, for a total value of $5,952,914.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Following the sale, the president now directly owns 344,895 shares of the company's stock, valued at $46,336,643.25. The disclosure for this sale can be found here. As of December 31, 2016, the Company owned approximately 18 acres across Sands Avenue. Insiders sold a total of 130,309 shares of company stock valued at $16,761,891 in the last quarter.

Several hedge funds and other institutional investors have recently bought and sold shares of WYNN.

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.

Further, casino revenues from the Las Vegas Operation were $139.3 million for the second quarter of 2017, a 4.8% increase from $132.9 million from the comparable quarter previous year.

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