Notable Runner: Wynn Resorts LTD 2016 Q2 Institutional Investor Sentiment Worse Than Expected

November 28, 2016 - By Pete Kolinski   ·   0 Comments

Notable Runner: Wynn Resorts LTD  2016 Q2 Institutional Investor Sentiment  Worse Than Expected

Sentiment for Wynn Resorts LTD (NASDAQ:WYNN)

Wynn Resorts LTD (NASDAQ:WYNN) institutional sentiment decreased to 0.88 in 2016 Q2. Its down -0.13, from 1.01 in 2016Q1. The ratio worsened, as 181 funds increased and started new stock positions, while 180 decreased and sold their stakes in Wynn Resorts LTD. The funds in our partner’s database now hold: 75.05 million shares, down from 78.24 million shares in 2016Q1. Also, the number of funds holding Wynn Resorts LTD in their top 10 stock positions decreased from 9 to 8 for a decrease of 1. Sold All: 45 Reduced: 135 Increased: 131 New Position: 50.

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 $10.44 billion. The Firm operates through two divisions: Macau Operations and Las Vegas Operations. It has a 43.79 P/E ratio. In Macau, it owns interest in Wynn Macau, Limited and operates Wynn Macau and Encore at Wynn Macau.

About 1.10M shares traded hands. Wynn Resorts, Limited (NASDAQ:WYNN) has risen 11.67% since April 25, 2016 and is uptrending. It has outperformed by 5.65% the S&P500.

Analysts await Wynn Resorts, Limited (NASDAQ:WYNN) to report earnings on February, 9. They expect $0.65 earnings per share, down 36.89% or $0.38 from last year’s $1.03 per share. WYNN’s profit will be $66.26M for 39.39 P/E if the $0.65 EPS becomes a reality. After $0.75 actual earnings per share reported by Wynn Resorts, Limited for the previous quarter, Wall Street now forecasts -13.33% negative EPS growth.

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.”

Northern Cross Llc holds 18.29% of its portfolio in Wynn Resorts, Limited for 13.79 million shares. Southeastern Asset Management Inc Tn owns 11.60 million shares or 10.73% of their US portfolio. Moreover, Lateef Investment Management L.P. has 5.12% invested in the company for 1.67 million shares. The Illinois-based Crystal Rock Capital Management has invested 4.84% in the stock. Barr E S & Co, a Kentucky-based fund reported 263,615 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 1 insider sale for $3.27 million net activity.

Wynn Resorts, Limited (NASDAQ:WYNN) Ratings Coverage

Ratings analysis reveals 42% of Wynn Resorts’s analysts are positive. Out of 19 Wall Street analysts rating Wynn Resorts, 8 give it “Buy”, 2 “Sell” rating, while 9 recommend “Hold”. The lowest target is $54 while the high is $128. The stock’s average target of $93.92 is -8.29% below today’s ($102.41) share price. WYNN was included in 38 notes of analysts from July 31, 2015. Credit Suisse maintained Wynn Resorts, Limited (NASDAQ:WYNN) rating on Friday, October 16. Credit Suisse has “Outperform” rating and $76 price target. The firm has “Buy” rating given on Tuesday, October 27 by Gabelli. On Friday, July 29 the stock rating was downgraded by Nomura to “Reduce”. The firm has “Outperform” rating given on Thursday, April 7 by Telsey Advisory Group. The firm earned “Overweight” rating on Tuesday, March 22 by Morgan Stanley. JP Morgan downgraded it to “Neutral” rating and $94 target price in Thursday, July 14 report. On Thursday, November 19 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. The firm has “Outperform” rating by Credit Agricole given on Friday, April 29. The stock has “Buy” rating given by Credit Agricole on Wednesday, September 2. Telsey Advisory Group maintained Wynn Resorts, Limited (NASDAQ:WYNN) rating on Friday, July 29. Telsey Advisory Group has “Outperform” rating and $115 price target.

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: Schaeffersresearch.com which released: “Option Bulls React as Wynn Resorts, Limited (WYNN) Fills Post-Earnings Bear Gap” on November 21, 2016. Also Businesswire.com published the news titled: “Wynn Resorts, Limited Reports Third Quarter 2016 Results” on November 02, 2016. Seekingalpha.com‘s news article titled: “Wynn Resorts, Limited’s (WYNN) CEO Steve Wynn on Q3 2016 Results – Earnings …” with publication date: November 05, 2016 was also an interesting one.

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By Pete Kolinski


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