Other equities research analysts have also recently issued research reports about the stock. Argus Research upgraded Wynn Resorts, Limited (NASDAQ:WYNN) on Wednesday, April 5 to "Buy" rating. At the same time, Wynn is in the process of building a new casino venue in the Boston suburb of Everett which is estimated to cost as much as $2.5 billion. Wynn Resorts has a consensus rating of Buy and a consensus target price of $175.88. Finally, Deutsche Bank AG reissued a hold rating and issued a $138.00 target price on shares of Wynn Resorts, Limited in a report on Monday, June 5th.
Shares of Wynn Resorts (NASDAQ WYNN) opened at $174.17 on Wednesday. Fort Washington Inv Advsrs Oh has invested 0.03% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). The trading company has the Market Cap of $3587.68 (this value is in millions, otherwise mentioned), which is an indicator that can be used by the financial organization to rank the size of companies in the stock exchange market. Wynn Resorts, Limited has a 12-month low of $82.51 and a 12-month high of $139.67.
As a result of the alleged accusations which were reported by the gambling regulator of the biggest gambling hub in the world, the empire built by the founder of the company is suffering great damage an is threatened by taking even bigger hits.
Many analysts have provided their estimated foresights on Wynn Resorts Ltd. Earnings, with 11 analysts believing the company would generate an Average Estimate of $1.78. The Melvin Capital Management Lp holds 300,000 shares with $44.68 million value, up from 213,300 last quarter. While in the same Quarter Previous year, the Actual EPS was $1.24.
Past 5 years growth of WYNN observed at 8.60%, and for the next five years the analysts that follow this company is expecting its growth at 8.00%. Investors of record on Thursday, February 15th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.15%. Wynn Resorts's dividend payout ratio (DPR) is now 27.51%.
Short interest or otherwise called the percentage of a stock's tradable shares now being shorted is another data that investors use to get a handle on sentiment. Following the transaction, the director now directly owns 7,711 shares of the company's stock, valued at $994,719.
A Wynn Resorts corporate spokesman told CNBC on Monday, "Mr. Wynn continues as the CEO of the company". The shares were sold at an average price of $155.12, for a total transaction of $9,192,411.20. Following the completion of the transaction, the director now owns 19,162 shares in the company, valued at approximately $2,907,641.88. In the last three months, insiders have sold 95,055 shares of company stock worth $14,629,975.
Hedge funds have recently modified their holdings of the stock. First Personal Financial Services grew its holdings in Wynn Resorts by 102.9% during the 3rd quarter. ZOOK DENNIS R sold $809,578 worth of stock or 5,000 shares. On this news, shares of Wynn Resorts fell $20.31, or over 10%, to close at $180.29 on January 26, 2018. Moors & Cabot Inc. bought a new position in Wynn Resorts in the 3rd quarter worth about $222,000.
The NGCB is the latest fallout from the sexual misconduct allegations against Wynn.
It added: "We believe reputational damage has the potential to hurt cash flows (especially in Las Vegas) through reduced visitation and spending at the properties".