Wynn Resorts, Limited (NASDAQ:WYNN) Experiences Heavier than Average Trading Volume

Paterniano Del Favero
Agosto 16, 2017

The stock has advanced 32.55% to a low over the previous 12 months and showed declining move -10.25% to a high over the same period.

A number of key analysts, polled by FactSet, shared their views about the current stock momentum. Wynn Resorts, Limited has a one year low of $82.51 and a one year high of $139.67. Morgan Stanley restated an "overweight" rating and set a $34.00 target price (up previously from $33.00) on shares of MGM Resorts International in a research note on Monday, July 10th.

In other news, EVP John Mcmanus sold 10,000 shares of the business's stock in a transaction dated Friday, May 19th. Deutsche Bank maintained MGM Resorts International (NYSE:MGM) rating on Friday, June 17. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. News about a company's financial status, products, or plans, whether positive or negative, will typically result in a temporary increase in the trade volume of its stock. Rivernorth Management Limited Liability Company holds 1.66% or 1.90M shares in its portfolio. The stock has a market capitalization of $18.17 billion, a PE ratio of 18.70 and a beta of 1.48.

MGM Resorts International's 52-week high is now at and the 52-weel low is at.

Large investors have recently bought and sold shares of the company. This is an increase of 339% compared to the typical volume of 5,083 put options. Wynn Resorts, Limited's quarterly revenue was up 44.5% on a year-over-year basis. The casino operator reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.02. MGM Resorts International had a ROE of 7.97% and a net profit margin of 9.26%.

Among 2 analysts covering Marlin Business Services (NASDAQ:MRLN), 1 have Buy rating, 0 Sell and 1 Hold. During the same period in the previous year, the company earned $1.07 EPS. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.67 billion. BlackRock Inc. boosted its position in Wynn Resorts, Limited by 5,076.4% in the first quarter. If you are accessing this story on another domain, it was copied illegally and republished in violation of worldwide trademark and copyright legislation. Stifel Nicolaus maintained the stock with "Buy" rating in Wednesday, August 5 report.

As of late the company also announced dividend for the quarter, expected to be paid on early Fri, Sep 15th. Investors of record on Monday, September 11th will be paid a dividend of $0.11 per share. The "percentage off the 52-week high or low" refers to when a stock current price is relative to where it has traded over the last 52 weeks. The ex-dividend date of this dividend is Friday, September 8th. MGM Resorts International's payout ratio is 26.04%. The stock was sold at an average price of $129.12, for a total transaction of $2,921,210.88. This ratio is calculated by dividing the current share price by the book value per share. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

In other news, Director Clark T. Jr. World Asset Management Inc now owns 19,646 shares of the company's stock worth $615,000 after buying an additional 91 shares during the last quarter. Shares are clocking price at $31.59 with change of 1.94%. Also, Director Mary Christine Gay unloaded 3,000 stocks of the company's shares in a trade that took place on Mon, Aug 7th. The disclosure for this sale can be found here. Insiders sold a total of 141,329 shares of company stock valued at $4,546,246 over the last three months. Company insiders own 13.20% of the company's stock.

Want to see what other hedge funds are holding WYNN? Public Employees Retirement System of OH boosted its position in Wynn Resorts, Limited by 28.6% in the second quarter.

ILLEGAL ACTIVITY WARNING: "Creative Planning Sells 2,730 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)" was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. GMT Capital Corp boosted its position in MGM Resorts International by 89.4% in the first quarter.

Bruce Kovner increased its stake in Mgm Resorts International (MGM) by 81.25% based on its latest 2016Q4 regulatory filing with the SEC. 17,000 Fiserv Inc (NASDAQ:FISV) shares with value of $2.07 million were sold by YABUKI JEFFERY W. KEARNEY DANIEL P sold $850,421 worth of Fiserv Inc (NASDAQ:FISV) on Friday, February 17. Moreover, Wall Street Assoc has 0.24% invested in MGM Resorts International (NYSE:MGM) for 12,500 shares. Finally, Financial Architects Inc raised its stake in shares of Wynn Resorts, Limited by 4.2% in the second quarter. Following the completion of the sale, the executive vice president now directly owns 46,917 shares of the company's stock, valued at approximately $1,467,563.76. The third largest holder is Capital Research Global Investors, which now holds $969.15 million worth of this stock and that ownership represents almost 5.45% of its market capitalization.

The Company, through its subsidiaries, owns and operates casino resorts.

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