Wynn sells up Wynn Resorts shares for $2bn

Apr 02, 2018, 10:16
Wynn sells up Wynn Resorts shares for $2bn

P/E ratio is noted at 45.09.

Analysts at Sanford C. Bernstein & Co. follow closely the recent happenings and their conclusion is that in the future Galaxy might work towards potentially acquiring Wynn Macau and this initial step is paving its way for achieving this goal, as its interest towards developing in the region is visible. Raymond James Financial Services Advisors Inc. now owns 18,408 shares of the casino operator's stock worth $2,741,000 after buying an additional 1,087 shares during the period.

TransUnion (TRU)'s underwent a drastic change in their shares price and moved -1.81% during the last trading session. Mattel now has $4.43B valuation.

Shares of Wynn Resorts (NASDAQ:WYNN) closed the previous trading session at 181.35 up +5.81 3.31% with shares trading hands. Intll stated it has 3.14M shares. It is down 0.00% since March 22, 2017 and is.

Fairpointe Capital Llc decreased Lear Corp (NYSE:LEA) stake by 26,889 shares to 459,437 valued at $79.52M in 2017Q3. Mycio Wealth Prtnrs Lc owns 249,994 shares or 1.07% of their United States portfolio.

Analysts await Lithia Motors, Inc.

The 20 analysts covering the stock are evenly split between Buy and Hold ratings, according to Bloomberg. Therefore 39% are positive.

WYNN has been the topic of several other reports.

3/13/2018-Telsey Advisory Group initiated coverage with a Market Perform rating. Canaccord Genuity has "Buy" rating and $150 target. The rating was maintained by Morgan Stanley on Friday, October 13 with "Overweight". Argus Research maintained PPL Corporation (NYSE:PPL) rating on Thursday, December 31. The rating was maintained by Deutsche Bank with "Hold" on Monday, June 5. Proshare Advsrs invested in 0% or 2,224 shares.

Investors sentiment increased to 1.23 in 2017 Q3. Its up 0.05, from 0.79 in 2017Q2. It fall, as 37 investors sold PPL shares while 222 reduced holdings. 64 funds opened positions while 138 raised stakes. Consumer-staples shares were the worst performers, down 1.3%. Bessemer holds 0% or 214 shares in its portfolio. Capital Incorporated Ca, California-based fund reported 21,600 shares. Eqis Capital Mngmt accumulated 13,623 shares or 0.01% of the stock. California State Teachers Retirement Sys owns 1.17 million shares or 0.1% of their U.S. portfolio. 12,500 are owned by Cambridge. He had previously agreed to limit his sales to about 4 million shares in any one quarter, meaning he would have to wait until at least July to dispose of his entire stake. Moreover, Citigroup Incorporated has 0% invested in Mattel, Inc. Artemis Ltd Liability Partnership reported 172,424 shares. Park Oh holds 0.01% or 10,457 shares. Baker Ellis Asset Lc holds 30,117 shares. Robeco Institutional Asset Bv invested in 1.98 million shares.

A number of equities analysts have commented on WYNN shares.

In an SEC filing yesterday, Wynn said he will "sell all or a portion" of his shares in the company. Revenue was $871.6 million, falling short of Street forecasts. At a price of $175 a share, the value of the sale is $1.4-billion.

Wynn Resorts CEO Matt Maddox said Galaxy shared numerous same core "operating philosophies and values". Zacks Investment Research downgraded Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Saturday, February 10th. Wynn Resorts, Limited disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President Maddox Matt has sold 59,260 shares of Wynn Resorts, Limited (WYNN) in trading session dated November 13, 2017. WYNN's profit will be $190.58 million for 24.18 P/E if the $1.85 EPS becomes a reality. As a serious shareholder, you need to look at plentiful factors that can assist you determine whether any given stock is a good investment. About 499,881 shares traded. Illinois-based Ubs Oconnor Limited Liability has invested 0.4% in Wynn Resorts, Limited (NASDAQ:WYNN). It has outperformed by 0.18% the S&P500.

At the end of 12/31/2017 reporting period, 289 institutional holders increased their position in Wynn Resorts, Limited (NASDAQ:WYNN) by some 7,506,685 shares, 223 decreased positions by 10,115,365 and 67 held positions by 54,972,355. Steve Cohen Point72 Asia Hong Kong Ltd owns 105331 shares or 11.12% of its portfolio. The stock analysts put their best efforts to measure the future activity of a trading system, investment sector or stock market.

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