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 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.

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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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