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Published: Wed, December 07, 2016
Economy | By Melissa Porter

Bernstein Reiterates Outperform Rating for Wynn Resorts Ltd. (WYNN)


BlackRock Fund Advisors now owns 1,246,821 shares of the casino operator's stock worth $113,012,000 after buying an additional 31,599 shares during the period. In Macau, it owns interest in Wynn Macau, Limited and operates Wynn Macau and Encore at Wynn Macau. The company has an Average Rating of 2.75 based on analysts tracked by Thomson Reuters.

Wynn Resorts Ltd. (NASDAQ:WYNN) is now showing -18.4% EPS growth this Quarter. With the last stock price up 2.60% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period.

Wynn Resorts Ltd.'s (WYNN) stock price ended its day with a loss of -2.67% and finalized at the value of $99.27. Marcus Capital LLC increased its stake in Wynn Resorts by 29.1% in the second quarter. Krilogy Financial LLC raised its stake in Wynn Resorts by 57.8% in the second quarter. The stock was sold at an average price of $87.12, for a total transaction of $3,267,000.00. Finally, Columbus Circle Investors bought a new position in shares of Wynn Resorts during the second quarter worth approximately $64,835,000. 15 Analysts reported that the Price Target for Wynn Resorts Ltd. might touch $129 high while the Average Price Target and Low price Target is $98.07 and $77 respectively. (NASDAQ:WYNN) opened at 98.64 on Friday. To take look on ration of tradable shares being shorted in market, float short ration was 1.56%, as compared to sentiment indicator; Short Ratio was 1.33. The company's stock is moving with the distance from SMA 50 of -0.51 Percent while the distance from 200-day simple moving average for the stock is -1.59 percent. Also Businesswire.com published the news titled: "Wynn Resorts, Limited Reports Third Quarter 2016 Results" on November 02, 2016. The reported earnings missed the analyst's consensus by $-0.03 with the surprise factor around -3.80%. At present, the Gross Margin for Wynn Resorts, Limited WYNN Resorts & Casinos is moving around at 38.40% alongside a Profit Margin of 5.80%.

10/07/2016 - Wynn Resorts, Limited had its "neutral" rating reiterated by analysts at Wells Fargo.

Financial Analysts Projected EPS targets for This Fiscal Year. Analysts forecast that Wynn Resorts will post $3.79 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 29th. Investors of record on Thursday, November 17th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.03%. The ex-dividend date was Tuesday, November 15th. Wynn Resorts's dividend payout ratio (DPR) is presently 94.34%.

WARNING: "Victory Capital Management Inc".

WYNN MACAU LTD ORD had its "hold" rating reiterated by analysts at Jefferies. If you are accessing this piece of content on another domain, it was stolen and republished in violation of USA and global copyright laws. The number of times the company has met analysts' estimates is 0. The stock price is moving up from its 20 days moving average with 20.98% and isolated positively from 50 days moving average with 16.39%. Sanford C. Bernstein reissued an "outperform" rating on shares of Wynn Resorts in a report on Friday. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) has "Hold" rating given on Thursday, September 3 by Argus Research. Finally, Citigroup Inc. reiterated a "buy" rating on shares of Wynn Resorts in a research note on Wednesday. The market cap landed at $10.07B.

In other news, Director Daniel Boone Wayson sold 37,500 shares of the company's stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $99.77, for a total value of $4,224,561.11. Following the completion of the transaction, the executive vice president now owns 143,472 shares of the company's stock, valued at $14,314,201.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. Shares registered one year high at $108.85 and the one year low of $48.83.

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