Analysts take a look at Wynn Resorts, Limited (NASDAQ:WYNN) having this to say.

October 2, 2018 - By Louis Casey

Wynn Resorts, Limited (NASDAQ:WYNN) LogoInvestors sentiment increased to 1.48 in 2018 Q2. Its up 0.58, from 0.9 in 2018Q1. It improved, as 52 investors sold Wynn Resorts, Limited shares while 117 reduced holdings. 65 funds opened positions while 185 raised stakes. 79.61 million shares or 1.49% less from 80.81 million shares in 2018Q1 were reported.
Public Employees Retirement Of Ohio holds 0.04% or 42,169 shares in its portfolio. Washington Bank accumulated 300 shares. Arizona State Retirement Sys reported 0.08% stake. Mcf Advsrs Ltd Liability Co invested in 0% or 50 shares. Acadian Asset Management Limited Liability Company has invested 0% in Wynn Resorts, Limited (NASDAQ:WYNN). Sun Life Financial invested in 0.03% or 1,057 shares. Dnb Asset Management As reported 0% in Wynn Resorts, Limited (NASDAQ:WYNN). Mckinley Management Lc Delaware owns 1,950 shares. Franklin Resources holds 539,744 shares or 0.05% of its portfolio. Cambridge Invest Rech Advsr has 0.02% invested in Wynn Resorts, Limited (NASDAQ:WYNN). Lakeview Llc accumulated 2,200 shares. U S Invsts Inc holds 0.89% or 11,700 shares in its portfolio. Oakbrook Invs Ltd Llc holds 0.08% in Wynn Resorts, Limited (NASDAQ:WYNN) or 7,140 shares. Rampart Mngmt Ltd Com holds 0.38% or 23,004 shares in its portfolio. Picton Mahoney Asset invested in 80,400 shares.

Since May 1, 2018, it had 0 buys, and 3 insider sales for $8.97 million activity. MILLER ROBERT JOS also sold $1.92 million worth of Wynn Resorts, Limited (NASDAQ:WYNN) on Wednesday, May 2.

Wynn Resorts, Limited (NASDAQ:WYNN) Ratings Coverage

Among 10 analysts covering Wynn Resorts (NASDAQ:WYNN), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Wynn Resorts had 19 analyst reports since April 19, 2018 according to SRatingsIntel. The stock has “Hold” rating by Argus Research on Tuesday, August 7. The company was maintained on Friday, June 29 by Jefferies. Nomura maintained it with “Buy” rating and $215 target in Wednesday, April 25 report. The company was maintained on Monday, July 9 by Nomura. As per Thursday, April 19, the company rating was maintained by Deutsche Bank. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) has “Buy” rating given on Monday, June 4 by Deutsche Bank. The stock has “Buy” rating by Jefferies on Wednesday, April 25. The firm has “Overweight” rating by Barclays Capital given on Thursday, August 2. The stock has “Buy” rating by Susquehanna on Monday, April 23. As per Thursday, August 2, the company rating was maintained by Susquehanna. Below is a list of Wynn Resorts, Limited (NASDAQ:WYNN) latest ratings and price target changes.

14/08/2018 Broker: Jefferies Old Rating: Buy New Rating: Hold Old Target: $229 Downgrade
14/08/2018 Broker: Credit Suisse Rating: Neutral New Target: $155 Initiates Coverage On
07/08/2018 Broker: Argus Research Old Rating: Buy New Rating: Hold Old Target: $135 Downgrade
02/08/2018 Broker: Bank of America Old Rating: Neutral New Rating: Neutral Old Target: $180 New Target: $175 Maintain
02/08/2018 Broker: Susquehanna Old Rating: Positive New Rating: Positive Old Target: $204 New Target: $187 Maintain
02/08/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $224 New Target: $213 Maintain
02/08/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $207 New Target: $192 Maintain
02/08/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $200 New Target: $187 Maintain
10/07/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Buy Old Target: $209 New Target: $207 Upgrade
09/07/2018 Broker: Nomura Old Rating: Buy New Rating: Buy Old Target: $220 New Target: $181 Maintain

The stock decreased 0.70% or $0.8802 during the last trading session, reaching $124.4098. About 1.40 million shares traded. Wynn Resorts, Limited (NASDAQ:WYNN) has declined 7.52% since October 2, 2017 and is downtrending. It has underperformed by 23.14% the S&P500.

Wynn Resorts, Limited develops, owns, and operates destination casino resorts. The company has market cap of $13.52 billion. As of February 15, 2017, the companyÂ’s Wynn Macau resorts had approximately 284,000 square feet of casino space, which offered 303 table games and 957 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel towers with a total of 1,008 guest rooms and suites; 8 food and beverage outlets; 57,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities comprising 2 health clubs, spas, a salon, and a pool; and the Rotunda show. It has a 24.77 P/E ratio. It also owned and operated Wynn Palace resort with a total of approximately 420,000 square feet of casino space that offers 304 table games and 996 slot machines, private gaming salons, sky casinos, and a poker pit; a luxury hotel with a total of 1,706 guest rooms, suites, and villas; 10 food and beverage outlets; 105,000 square feet of retail space; 40,000 square feet of meeting and convention space; recreation and leisure facilities, including a gondola ride, health club, spa, salon, and pool; and public attractions, such as a performance lake and floral art displays.

More notable recent Wynn Resorts, Limited (NASDAQ:WYNN) news were published by: Nasdaq.com which released: “Why Micron Technology, Twitter, and Wynn Resorts Slumped Today” on September 06, 2018, also Nasdaq.com with their article: “Wynn Resorts Stock Is a Prime Target for Bears Now” published on September 04, 2018, Nasdaq.com published: “Will MGM Resorts Lose This $2 Billion Market?” on September 26, 2018. More interesting news about Wynn Resorts, Limited (NASDAQ:WYNN) were released by: Bizjournals.com and their article: “Mass. gambling regulators outline Wynn suitability hearing procedure” published on September 27, 2018 as well as Nasdaq.com‘s news article titled: “Is Caesars Entertainment Angling to Open a Macau Casino?” with publication date: September 26, 2018.

Wynn Resorts, Limited (NASDAQ:WYNN) Institutional Positions Chart

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