In today’s session Wynn Resorts, Limited (WYNN) registered an unusually high (356) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious WYNN increase. With 356 contracts traded and 234 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: WYNN161118C00092000 closed last at: $5.5 or 14.7% down. About 560,097 shares traded hands. Wynn Resorts, Limited (NASDAQ:WYNN) has risen 0.04% since March 29, 2016 and is uptrending. It has underperformed by 3.43% the S&P500.
Wynn Resorts, Limited (NASDAQ:WYNN) Ratings Coverage
Out of 18 analysts covering Wynn Resorts (NASDAQ:WYNN), 8 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 44% are positive. $128 is the highest target while $54 is the lowest. The $93.98 average target is -0.38% below today’s ($94.34) stock price. Wynn Resorts has been the topic of 36 analyst reports since July 31, 2015 according to StockzIntelligence Inc. UBS upgraded it to “Buy” rating and $95 target price in Monday, March 7 report. JP Morgan maintained Wynn Resorts, Limited (NASDAQ:WYNN) rating on Wednesday, March 30. JP Morgan has “Overweight” rating and $100 price target. Taglich upgraded it to “Market Perform” rating and $68 target price in Monday, October 5 report. The stock has “Neutral” rating given by JP Morgan on Thursday, July 14. As per Friday, September 25, the company rating was maintained by Telsey Advisory Group. On Friday, March 18 the stock rating was maintained by Deutsche Bank with “Buy”. Argus Research maintained the shares of WYNN in a report on Thursday, September 3 with “Hold” rating. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) has “Buy” rating given on Wednesday, September 2 by Credit Agricole. The firm has “Reduce” rating given on Friday, July 29 by Nomura. Goldman Sachs maintained the shares of WYNN in a report on Friday, April 1 with “Buy” rating.
According to Zacks Investment Research, “Wynn Resorts Limited and its wholly-owned subsidiaries Wynn Las Vegas and Wynn Capital will own and operate Le Reve, which they’ve designed to be the preeminent luxury hotel and destination casino resort in Las Vegas. Le Reve will be situated at the site of the former Desert Inn & Casino on the Las Vegas Strip in Las Vegas, Nevada.”
Insitutional Activity: The institutional sentiment decreased to 1.01 in 2016 Q2. Its down 0.37, from 1.38 in 2016Q1. The ratio is negative, as 45 funds sold all Wynn Resorts, Limited shares owned while 135 reduced positions. 50 funds bought stakes while 131 increased positions. They now own 75.05 million shares or 4.08% less from 78.24 million shares in 2016Q1.
Turner Invests Limited Partnership holds 38,000 shares or 1.08% of its portfolio. Pictet Cie (Europe) holds 0.13% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN) for 6,804 shares. Carroll Fincl Assoc last reported 0% of its portfolio in the stock. Pinnacle Associates Limited has invested 0.02% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). Moreover, Alliancebernstein L P has 0.01% invested in Wynn Resorts, Limited (NASDAQ:WYNN) for 144,799 shares. Plante Moran Fincl Advsr Lc owns 31 shares or 0% of their US portfolio. First Republic Investment Mgmt holds 0.04% or 42,895 shares in its portfolio. Northern has 0.03% invested in the company for 1.12M shares. Penn Capital Mgmt Communications last reported 0.09% of its portfolio in the stock. Alyeska Invest Ltd Partnership last reported 0.23% of its portfolio in the stock. State Treasurer State Of Michigan has 0.02% invested in the company for 28,274 shares. Blackrock Advisors Llc has 0.01% invested in the company for 73,113 shares. Commonwealth Equity Svcs reported 9,813 shares or 0.01% of all its holdings. Westpac Banking Corp has invested 0% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). Pub Employees Retirement Association Of Colorado has 18,073 shares for 0.01% of their US portfolio.
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 has a market cap of $9.60 billion. The Firm operates through two divisions: Macau Operations and Las Vegas Operations. It has a 29.15 P/E ratio. In Macau, it owns interest in Wynn Macau, Limited and operates Wynn Macau and Encore at Wynn Macau.
WYNN Company Profile
Wynn Resorts, Limited (Wynn Resorts), incorporated on June 3, 2002, 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 Firm operates through two divisions: Macau Operations and Las Vegas Operations. In Macau, it owns interest in Wynn Macau, Limited and operates Wynn Macau and Encore at Wynn Macau. In Las Vegas, Nevada, it owns and operates Wynn Las Vegas and Encore at Wynn Las Vegas. In addition, the Company is developing an integrated casino resort in Everett, Massachusetts.
More recent Wynn Resorts, Limited (NASDAQ:WYNN) news were published by: Fool.com which released: “Better Buy: Wynn Resorts Ltd. vs. Caesars Entertainment” on October 24, 2016. Also Fool.com published the news titled: “Better Buy: Wynn Resorts Ltd. vs. MGM Resorts” on October 10, 2016. Bloomberg.com‘s news article titled: “Wynn Resorts Chief’s Ex-Wife Seeks Whistle-Blower Protection” with publication date: October 07, 2016 was also an interesting one.
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