Wynn Resorts, Limited (NASDAQ:WYNN - Get Free Report) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 7,510,000 shares, an increase of 28.6% from the January 31st total of 5,840,000 shares. Currently, 8.8% of the shares of the company are short sold. Based on an average daily volume of 2,420,000 shares, the days-to-cover ratio is currently 3.1 days.
Wynn Resorts Price Performance
Shares of Wynn Resorts stock traded down $0.42 during trading hours on Friday, hitting $87.78. The company's stock had a trading volume of 869,918 shares, compared to its average volume of 2,705,096. Wynn Resorts has a 12 month low of $71.63 and a 12 month high of $110.38. The stock has a 50 day moving average of $85.38 and a 200 day moving average of $88.15. The company has a market capitalization of $9.34 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 2.35 and a beta of 1.76.
Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 earnings per share for the quarter, topping the consensus estimate of $1.27 by $1.15. The company had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.78 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. Equities analysts expect that Wynn Resorts will post 5.17 EPS for the current year.
Wynn Resorts Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a $0.25 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a yield of 1.14%. Wynn Resorts's dividend payout ratio is 23.75%.
Analyst Ratings Changes
A number of research firms have recently issued reports on WYNN. Jefferies Financial Group upgraded Wynn Resorts from a "hold" rating to a "buy" rating and increased their target price for the company from $105.00 to $118.00 in a research note on Tuesday, February 18th. Morgan Stanley lowered their price target on shares of Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. Barclays increased their price objective on Wynn Resorts from $115.00 to $116.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. StockNews.com downgraded Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus raised their target price on shares of Wynn Resorts from $123.00 to $128.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Wynn Resorts presently has a consensus rating of "Moderate Buy" and an average price target of $119.58.
View Our Latest Analysis on WYNN
Insider Buying and Selling at Wynn Resorts
In other Wynn Resorts news, Director Philip G. Satre bought 22,200 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was bought at an average price of $92.18 per share, for a total transaction of $2,046,396.00. Following the completion of the transaction, the director now owns 34,195 shares in the company, valued at approximately $3,152,095.10. The trade was a 185.08 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is currently owned by company insiders.
Institutional Trading of Wynn Resorts
A number of hedge funds have recently made changes to their positions in the business. New Wave Wealth Advisors LLC acquired a new position in shares of Wynn Resorts in the fourth quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Wynn Resorts during the third quarter worth approximately $31,000. SBI Securities Co. Ltd. acquired a new position in Wynn Resorts in the 4th quarter valued at $36,000. Spire Wealth Management lifted its position in shares of Wynn Resorts by 116.4% during the 4th quarter. Spire Wealth Management now owns 435 shares of the casino operator's stock valued at $37,000 after acquiring an additional 234 shares during the period. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in shares of Wynn Resorts during the 4th quarter worth $45,000. 88.64% of the stock is owned by institutional investors and hedge funds.
About Wynn Resorts
(
Get Free Report)
Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.
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