Wynn Resorts, Limited's (NASDAQ:WYNN) Buy Rating Reaffirmed at UBS AG

Paterniano Del Favero
Agosto 2, 2017

Other hedge funds also recently modified their holdings of the company.

Aperio Group LLC increased its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 5.5% during the second quarter, according to its most recent 13F filing with the SEC. Dimensional Fund Advisors LP now owns 180,152 shares of the casino operator's stock valued at $15,587,000 after buying an additional 1,516 shares during the last quarter. On Friday, June 9 Sinatra Kimmarie sold $2.92 million worth of Wynn Resorts, Limited (NASDAQ:WYNN) or 22,624 shares. Goldman Sachs maintained Wynn Resorts, Limited (NASDAQ:WYNN) rating on Friday, April 1. Platinum Investment Management Ltd. now owns 1,724,330 shares of the casino operator's stock worth $197,625,000 after buying an additional 11,600 shares during the last quarter.

A-R-T- Advisors Llc increased Wynn Resorts Ltd (WYNN) stake by 317% reported in 2016Q4 SEC filing. Teachers Advisors LLC now owns 88,872 shares of the casino operator's stock worth $7,688,000 after buying an additional 5,198 shares during the period. Finally, Bank of Montreal Can increased its position in Wynn Resorts, Limited by 40.0% in the first quarter. OZ Management LP now owns 2,132,012 shares of the casino operator's stock worth $244,350,000 after buying an additional 423,658 shares during the last quarter.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Wynn Resorts, Limited (NASDAQ:WYNN) has risen 37.63% since July 31, 2016 and is uptrending.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its quarterly earnings results on Tuesday, July 25th. The stock's 50 day moving average price is $133.87 and its 200 day moving average price is $116.42. The firm has a market cap of $13.11 billion, a PE ratio of 48.13 and a beta of 1.73. Union Gaming downgraded Wynn Resorts, Limited (NASDAQ:WYNN) on Wednesday, July 26 to "Hold" rating. The casino operator reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.02. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.47 billion. Walleye Trading Limited Com has invested 0% in Wynn Resorts, Limited (NASDAQ:WYNN). Wynn Resorts, Limited's revenue for the quarter was up 44.5% compared to the same quarter past year. During the same period in the prior year, the company earned $1.07 EPS. Wynn Resorts had 52 analyst reports since July 31, 2015 according to SRatingsIntel.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 22nd. Shareholders of record on Thursday, August 10th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $2.00 dividend on an annualized basis and a yield of 1.56%. Wynn Resorts, Limited's payout ratio is 74.91%.

ILLEGAL ACTIVITY WARNING: This story was first reported by Stock Observer and is the property of of Stock Observer. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and worldwide trademark & copyright laws. The original version of this article can be viewed at https://www.baseball-news-blog.com/2017/08/01/bank-of-nova-scotia-invests-2-09-million-in-wynn-resorts-limited-wynn-updated-updated-updated.html. Credit Suisse maintained the shares of WYNN in report on Friday, October 16 with "Outperform" rating. HSBC upgraded KT Corp (ADR) (NYSE:KT) on Wednesday, April 27 to "Buy" rating. Telsey Advisory Group maintained it with "Underperform" rating and $54 target in Friday, September 25 report. Finally, Instinet reiterated a "neutral" rating and issued a $137.00 target price (up previously from $130.00) on shares of Wynn Resorts, Limited in a research note on Monday, June 19th. They now have a United States dollars 134 price target on the stock. Another trade for 1,150 shares valued at $147,662 was made by Hagenbuch John J on Tuesday, May 16. The shares were sold at an average price of $134.35, for a total value of $5,952,914.15. Following the sale, the president now owns 344,895 shares in the company, valued at $46,336,643.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Patricia Mulroy sold 2,226 shares of the stock in a transaction on Tuesday, May 16th. The latest exchange of 2.83 Million shares is below its average trading activity of 537.64 Million shares. Following the completion of the transaction, the director now directly owns 11,662 shares in the company, valued at $1,497,400.80. The disclosure for this sale can be found here. Capital International Ltd sold 3,800 shares as the company's stock rose 26.92% with the market. As of December 31, 2016, the Company owned approximately 18 acres across Sands Avenue.

Wynn Resorts, Limited 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. The Company's divisions include the Customer/Marketing Group, the Finance Business Group and the Others Group.

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