Today Wynn Resorts, Limited Had High Bearish Options Activity

 Today Wynn Resorts, Limited Had High Bearish Options Activity

In today’s session Wynn Resorts, Limited (WYNN) recorded an unusually high (4,707) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious WYNN decrease. With 4,707 contracts traded and 5714 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: WYNN170120P00087500 closed last at: $6 or 2.6% up. About 214,326 shares traded hands. Wynn Resorts, Limited (NASDAQ:WYNN) has declined 11.08% since April 8, 2016 and is downtrending. It has underperformed by 16.72% the S&P500.

Wynn Resorts, Limited (NASDAQ:WYNN) Ratings Coverage

Out of 19 analysts covering Wynn Resorts (NASDAQ:WYNN), 8 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 42% are positive. $128 is the highest target while $54 is the lowest. The $93.92 average target is 7.25% above today’s ($87.57) stock price. Wynn Resorts has been the topic of 38 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) earned “Buy” rating by UBS on Monday, March 7. Credit Agricole downgraded the shares of WYNN in a report on Friday, April 29 to “Outperform” rating. As per Friday, April 1, the company rating was maintained by Goldman Sachs. The stock has “Hold” rating given by Deutsche Bank on Wednesday, April 13. CLSA downgraded Wynn Resorts, Limited (NASDAQ:WYNN) on Friday, July 29 to “Underperform” rating. The stock has “Neutral” rating given by UBS on Wednesday, July 20. The firm has “Overweight” rating given on Thursday, October 8 by JP Morgan. JP Morgan downgraded the shares of WYNN in a report on Thursday, July 14 to “Neutral” rating. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) has “Market Perform” rating given on Monday, October 5 by Taglich. Telsey Advisory Group maintained Wynn Resorts, Limited (NASDAQ:WYNN) rating on Thursday, November 3. Telsey Advisory Group has “Outperform” rating and $105 price target.

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 turned 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.
Wfg Lp has 0.02% invested in the company for 799 shares. Mizuho Asset Mngmt Coltd holds 0.02% or 1,266 shares in its portfolio. Alliancebernstein L P last reported 0.01% of its portfolio in the stock. Teacher Retirement System Of Texas, a Texas-based fund reported 5,801 shares. Dimensional Fund Advsr Lp accumulated 0.01% or 156,348 shares. Peak6 Invs Limited Partnership holds 0.06% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN) for 88,431 shares. World Asset Management accumulated 8,331 shares or 0.03% of the stock. Bb&T Llc holds 14,809 shares or 0.02% of its portfolio. Quantres Asset Management holds 14,400 shares or 0.81% of its portfolio. Moreover, First Trust Advisors Limited Partnership has 0.01% invested in Wynn Resorts, Limited (NASDAQ:WYNN) for 49,355 shares. The Texas-based Utd Serv Automobile Association has invested 0.02% in Wynn Resorts, Limited (NASDAQ:WYNN). Arrow Corp last reported 0.01% of its portfolio in the stock. Ridgeworth Cap Mgmt Ltd Company has 0% invested in the company for 572 shares. Metropolitan Life Insur Ny owns 45,607 shares or 0.03% of their US portfolio. Kcg Hldg last reported 38,839 shares in the company.

Insider Transactions: Since November 9, 2016, the stock had 0 insider buys, and 1 insider sale for $3.27 million net activity. $3.27M worth of Wynn Resorts, Limited (NASDAQ:WYNN) shares were sold by WAYSON DANIEL BOONE.

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 $9.03 billion. The Firm operates through two divisions: Macau Operations and Las Vegas Operations. It has a 37.45 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 Seekingalpha.com published the news titled: “Wynn Resorts, Limited’s (WYNN) CEO Steve Wynn on Q3 2016 Results – Earnings …” on November 05, 2016. Seekingalpha.com‘s news article titled: “Wynn: All That Glitters Is Not Gold” with publication date: November 09, 2016 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment