Wynn Resorts Ltd. (WYNN) Shares Down 3.7%
Wynn Resorts Ltd. (NASDAQ:WYNN)’s share price fell 3.7% during trading on Thursday . The stock traded as low as $90.78 and last traded at $91.37, with a volume of 2,301,074 shares traded. The stock had previously closed at $94.88.
Several research firms recently commented on WYNN. Vetr downgraded Wynn Resorts from a “buy” rating to a “sell” rating and set a $97.72 target price for the company. in a research report on Wednesday, June 8th. Morgan Stanley upgraded Wynn Resorts from an “underweight” rating to an “equal weight” rating in a research report on Friday, June 3rd. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Wynn Resorts in a report on Saturday, June 4th. Gabelli dropped their price target on Wynn Resorts from $103.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, April 12th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $117.00 price target (up from $101.00) on shares of Wynn Resorts in a report on Wednesday, April 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $96.57.
The firm has a 50-day moving average of $96.20 and a 200-day moving average of $84.91. The firm has a market cap of $9.35 billion and a PE ratio of 29.81.
Other large investors have added to or reduced their stakes in the company. Andra AP fonden boosted its stake in Wynn Resorts by 137.7% in the fourth quarter. Andra AP fonden now owns 16,400 shares of the casino operator’s stock valued at $1,135,000 after buying an additional 9,500 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its position in shares of Wynn Resorts by 12.2% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 21,054 shares of the casino operator’s stock worth $1,330,000 after buying an additional 2,290 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of Wynn Resorts by 1.5% in the fourth quarter. Nationwide Fund Advisors now owns 24,257 shares of the casino operator’s stock worth $1,678,000 after buying an additional 354 shares during the last quarter. Stephens Inc. AR boosted its position in shares of Wynn Resorts by 183.0% in the fourth quarter. Stephens Inc. AR now owns 27,928 shares of the casino operator’s stock worth $1,932,000 after buying an additional 18,058 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Wynn Resorts by 5.2% in the fourth quarter. Bank of Montreal Can now owns 31,178 shares of the casino operator’s stock worth $2,158,000 after buying an additional 1,536 shares during the last quarter.
Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts which integrate accommodations and amenities, including fine dining, premium retail offerings, distinctive entertainment and convention facilities. The Company owns 72% of Wynn Macau, Limited, which operates an integrated resort in the Macau Special Administrative Region of the People’s Republic of China (Macau).
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