Wynn Resorts, Limited (NASDAQ:WYNN) was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued on Friday.

Several other analysts have also recently weighed in on the company. Instinet reissued a “neutral” rating on shares of Wynn Resorts, Limited in a report on Monday, July 17th. Vetr raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $146.26 price objective for the company in a report on Friday, July 14th. Sanford C. Bernstein reissued an “outperform” rating on shares of Wynn Resorts, Limited in a report on Wednesday, July 12th. BidaskClub raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Finally, Deutsche Bank AG raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $138.00 to $150.00 in a report on Tuesday, August 15th. Twelve research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Wynn Resorts, Limited presently has an average rating of “Buy” and a consensus target price of $136.76.

Shares of Wynn Resorts, Limited (NASDAQ WYNN) traded down 0.4365% during trading on Friday, hitting $146.1692. 205,260 shares of the stock traded hands. Wynn Resorts, Limited has a 1-year low of $82.51 and a 1-year high of $150.40. The company has a 50 day moving average of $143.64 and a 200-day moving average of $131.82. The company has a market cap of $14.90 billion, a PE ratio of 54.7040 and a beta of 1.67.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.02. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Wynn Resorts, Limited had a return on equity of 121.81% and a net margin of 6.98%. The company’s quarterly revenue was up 44.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.07 EPS. On average, equities analysts anticipate that Wynn Resorts, Limited will post $5.08 EPS for the current fiscal year.

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In other Wynn Resorts, Limited news, EVP Kimmarie Sinatra sold 21,451 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $143.62, for a total transaction of $3,080,792.62. Following the completion of the transaction, the executive vice president now owns 223,443 shares of the company’s stock, valued at approximately $32,090,883.66. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Matt Maddox sold 42,900 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $143.44, for a total value of $6,153,576.00. Following the transaction, the president now directly owns 350,586 shares of the company’s stock, valued at approximately $50,288,055.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,351 shares of company stock valued at $9,621,369. Insiders own 13.20% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. FNY Partners Fund LP boosted its holdings in shares of Wynn Resorts, Limited by 5,400.0% in the 1st quarter. FNY Partners Fund LP now owns 1,100 shares of the casino operator’s stock valued at $126,000 after buying an additional 1,080 shares during the last quarter. Reilly Financial Advisors LLC boosted its holdings in shares of Wynn Resorts, Limited by 1,000.0% in the 2nd quarter. Reilly Financial Advisors LLC now owns 1,100 shares of the casino operator’s stock valued at $148,000 after buying an additional 1,000 shares during the last quarter. Financial Architects Inc boosted its holdings in shares of Wynn Resorts, Limited by 4.2% in the 2nd quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock valued at $168,000 after buying an additional 50 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Wynn Resorts, Limited by 40.8% in the 2nd quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock valued at $169,000 after buying an additional 365 shares during the last quarter. Finally, Hanseatic Management Services Inc. boosted its holdings in shares of Wynn Resorts, Limited by 808.1% in the 2nd quarter. Hanseatic Management Services Inc. now owns 1,462 shares of the casino operator’s stock valued at $196,000 after buying an additional 1,301 shares during the last quarter. 70.80% of the stock is owned by hedge funds and other institutional investors.

About Wynn Resorts, Limited

Wynn Resorts, Limited (Wynn Resorts) 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’s segments include Macau Operations and Las Vegas Operations.

Analyst Recommendations for Wynn Resorts, Limited (NASDAQ:WYNN)

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