Investors Sell Shares of Wynn Resorts (WYNN) on Strength (WYNN)

Traders sold shares of Wynn Resorts, Limited (NASDAQ:WYNN) on strength during trading hours on Friday. $34.69 million flowed into the stock on the tick-up and $74.17 million flowed out of the stock on the tick-down, for a money net flow of $39.48 million out of the stock. Of all equities tracked, Wynn Resorts had the 15th highest net out-flow for the day. Wynn Resorts traded up $0.11 for the day and closed at $168.59

WYNN has been the topic of several recent analyst reports. Stifel Nicolaus lifted their target price on shares of Wynn Resorts from $134.00 to $153.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Deutsche Bank reissued a “buy” rating and set a $167.00 target price on shares of Wynn Resorts in a research report on Tuesday, November 21st. Morgan Stanley reissued a “hold” rating and set a $151.00 target price (down previously from $158.00) on shares of Wynn Resorts in a research report on Thursday, October 12th. Citigroup lifted their target price on shares of Wynn Resorts to $161.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. Finally, Telsey Advisory Group lifted their target price on shares of Wynn Resorts from $157.00 to $160.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $151.67.

The stock has a market capitalization of $17,210.00, a PE ratio of 46.70 and a beta of 1.73. The company has a debt-to-equity ratio of 24.54, a quick ratio of 1.68 and a current ratio of 1.72.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Thursday, October 26th. The casino operator reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.24. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.56 billion. Wynn Resorts had a net margin of 6.24% and a return on equity of 132.96%. The business’s revenue for the quarter was up 45.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.74 EPS. sell-side analysts predict that Wynn Resorts, Limited will post 5.36 earnings per share for the current fiscal year.

In other news, President Matt Maddox sold 59,260 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $155.12, for a total transaction of $9,192,411.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kimmarie Sinatra sold 20,795 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $152.03, for a total transaction of $3,161,463.85. Following the transaction, the executive vice president now owns 226,992 shares of the company’s stock, valued at $34,509,593.76. The disclosure for this sale can be found here. Insiders have sold a total of 95,055 shares of company stock valued at $14,629,975 over the last 90 days. Company insiders own 13.20% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Personal Financial Services grew its position in shares of Wynn Resorts by 102.9% during the 3rd quarter. First Personal Financial Services now owns 710 shares of the casino operator’s stock valued at $106,000 after purchasing an additional 360 shares in the last quarter. Hanseatic Management Services Inc. grew its position in shares of Wynn Resorts by 808.1% during the 2nd quarter. Hanseatic Management Services Inc. now owns 1,462 shares of the casino operator’s stock valued at $196,000 after purchasing an additional 1,301 shares in the last quarter. Meridian Investment Counsel Inc. purchased a new position in Wynn Resorts in the second quarter worth $201,000. Sun Life Financial INC grew its position in Wynn Resorts by 30,080.0% in the second quarter. Sun Life Financial INC now owns 1,509 shares of the casino operator’s stock worth $203,000 after acquiring an additional 1,504 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Wynn Resorts by 111.0% in the second quarter. SG Americas Securities LLC now owns 1,656 shares of the casino operator’s stock worth $222,000 after acquiring an additional 16,694 shares in the last quarter. Hedge funds and other institutional investors own 71.95% of the company’s stock.

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About Wynn Resorts

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. The Company’s segments include Macau Operations and Las Vegas Operations.

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