The Wynn Resorts (WYNN) Cut to "Hold" at BidaskClub

Ivan Schwartz
February 22, 2018

1,915,800 shares of the stock traded hands, compared to its average volume of 5,396,074.

Wynn Resorts, Limited (WYNN) opened at $164.92 on Wednesday. It has outperformed by 6.00% the S&P500. Eleven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Therefore 56% are positive. The rating was maintained by Brean Capital on Friday, July 31 with "Buy". The firm has "Buy" rating given on Friday, October 2 by Rodman & Renshaw. At&T now has $225.61B valuation. The company was maintained on Wednesday, August 5 by JP Morgan. See Oramed Pharmaceuticals Inc. As the P/E goes up, it shows that current investor sentiment is that the company is worth more. The casino operator reported $1.40 EPS for the quarter, beating the Zacks' consensus estimate of $1.33 by $0.07. It is negative, as 33 investors sold WYNN shares while 148 reduced holdings. 2 funds opened positions while 0 raised stakes. The stock of TriNet Group, Inc. Massachusetts Communication Ma has 0.06% invested in Wynn Resorts, Limited (NASDAQ:WYNN). BlackRock Inc. now owns 5,141,200 shares of the casino operator's stock valued at $866,755,000 after acquiring an additional 242,948 shares in the last quarter. 41,339 are held by Nationwide Fund Advsr.

Wynn Resorts, Limited (WYNN) stock analysis is based on price earnings ratio (P/E) ratio. Mirae Asset Global Investments Company Limited reported 0.01% stake. (NYSE:T). Hightower Advisors Ltd Liability Corporation reported 3.83 million shares stake. Currently Analysts have a mean recommendation of 2.30 on the shares. Twin Tree Mgmt Ltd Partnership holds 13,420 shares.

While taking a look at financials, we can look at a number of key indicators about Wynn Resorts, Limited (WYNN) . Moreover, Keybank Association Oh has 0% invested in Wynn Resorts, Limited (NASDAQ:WYNN). Exxonmobil Mgmt Tx reported 0.06% in Wynn Resorts, Limited (NASDAQ:WYNN). China Life Insurance Company Limited dipped to as low as $14.89 throughout the day and has returned -4.16% in this year. Visionary Asset Inc holds 0.07% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN) for 1,507 shares.

Among 29 analysts covering Wynn Resorts (NASDAQ:WYNN), 15 have Buy rating, 1 Sell and 13 Hold. Therefore 14% are positive.

According to previous media reports, citing a shareholder lawsuit filed this month, Mr Wynn's employment contract reportedly included a US$330 million severance stipulation. The company was downgraded on Wednesday, July 26 by Telsey Advisory Group. (NYSE:TNET) has "Underweight" rating given on Friday, November 3 by Morgan Stanley. The stock has "Hold" rating by Nomura on Monday, January 29. The firm has "Buy" rating by UBS given on Monday, March 7. The rating was upgraded by Credit Agricole on Wednesday, September 2 to "Buy".

Under the separation agreement, Mr Wynn "agrees not to compete against the company for a period of two years and to provide reasonable cooperation and assistance to the company in connection with any private litigation or arbitration and to the board of directors of the company or any committee of the board in connection with any investigation by the company related to his service with the company".

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L & S Advisors Inc increased Johnson & Johnson (NYSE:JNJ) stake by 40,292 shares to 54,747 valued at $7.12 million in 2017Q3. It also upped Wal (NYSE:WMT) stake by 14,756 shares and now owns 52,008 shares. Ibm (NYSE:IBM) was raised too.

Since September 15, 2017, it had 0 insider buys, and 2 sales for $9.23 million activity. Shares for $3.08M were sold by Sinatra Kimmarie on Friday, September 15.

Investors sentiment increased to 1.17 in 2017 Q3. Its down 4.00, from 6 in 2017Q2. Citigroup Inc accumulated 0.06% or 9.35M shares. On the opposite end, shares have been trading 20.01% away from the 50-day low price. Wells Fargo Mn reported 0.01% in Fortress Investment Group LLC (NYSE:FIG). Gam Ag has invested 0.28% in Wynn Resorts, Limited (NASDAQ:WYNN). Winch Advisory Limited Liability accumulated 8,555 shares. Pnc Financial Gp stated it has 0% in Oramed Pharmaceuticals Inc. Thornburg Inv Inc invested in 890,955 shares or 0.95% of the stock. Raymond James Associates reported 0.01% in Exact Sciences Corporation (NASDAQ:EXAS). Cibc Bankshares Usa holds 0.44% or 22,320 shares. (NASDAQ:SCHN) stake by 209,620 shares and now owns 681,916 shares. Redwood Ltd holds 110,051 shares or 0.59% of its portfolio. Its down 0.51, from 1.63 in 2017Q2. (NASDAQ:ORMP) for 83,000 shares. Argent Cap Management Ltd reported 2.81% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). (NASDAQ:ORMP) or 7,605 shares. Enterprise Financial Services invested in 0.25% or 3,341 shares. (NYSE:XRM). Archer Cap Mngmt LP has 0.05% invested in Xerium Technologies, Inc. (NASDAQ:ORMP) for 500 shares.

The stock decreased 2.25% or $0.345 during the last trading session, reaching $14.985. About 17.53 million shares traded. TriNet Group, Inc. (NYSE:TNET) has risen 62.49% since February 21, 2017 and is uptrending.

Oramed Pharmaceuticals Inc. engages in the research and development of pharmaceutical solutions for the use of orally ingestible capsules or pills for delivery of polypeptides. The company has a market cap of $16.92 Billion.

The stock now shows its YTD (Year to Date) performance of -2.18 percent, whereas its Weekly performance stands at 1.23%.

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