Monday, 24 September, 2018

Comerica Bank Grows Stake in Wynn Resorts, Limited (NASDAQ:WYNN)

Russell Knight | 12 March, 2018, 22:32

The hedge fund held 238,302 shares of the consumer services company at the end of 2017Q3, valued at $35.49 million, down from 244,757 at the end of the previous reported quarter. Tiger Legatus Capital Management Llc who had been investing in Wynn Resorts Ltd for a number of months, seems to be less bullish one the $19.46B market cap company. About 5.83 million shares traded.

Shares of Wynn Resorts (NASDAQ WYNN) opened at $188.89 on Tuesday. It has outperformed by 20.93% the S&P500.

Private Management Group Inc decreased its stake in Loews Corp (L) by 1.62% based on its latest 2017Q3 regulatory filing with the SEC. Sector Gamma As sold 13,700 shares as the company's stock declined 16.20% while stock markets rallied. The institutional investor held 362,826 shares of the technology company at the end of 2017Q3, valued at $22.06M, down from 373,813 at the end of the previous reported quarter. The company has a debt-to-equity ratio of 8.87, a quick ratio of 1.74 and a current ratio of 1.77. Trading volume for Wynn Resorts Ltd. was 9.4 Million in its previous trading session. About 1.46 million shares traded. AbbVie Inc. (NYSE:ABBV) has risen 10.63% since March 10, 2017 and is uptrending. It has underperformed by 7.47% the S&P500. Wynn Resorts, Limited has a one year low of $98.82 and a one year high of $203.63. Therefore 52% are positive.

Wynn Resorts (NASDAQ:WYNN)'s stock had its "buy" rating reissued by research analysts at Jefferies Group in a research report issued on Monday, February 12th, The Fly reports.

Wynn Resorts, Limited owns and operates Wynn Las Vegas and Encore in Las Vegas, Nevada as well as Wynn Macau and the Wynn Palace located in the Special Administrative Region of Macau in the People's Republic of China.

The legal fight dates back to 2012, when Wynn forcibly took all the shares controlled by Universal's founder Kazuo Okada and issued a $1.9 billion promissory note. The firm has "Buy" rating given on Friday, July 8 by UBS. Jefferies maintained the shares of COO in report on Friday, June 3 with "Buy" rating. Deutsche Bank maintained it with "Hold" rating and $13800 target in Wednesday, July 26 report. Stifel Nicolaus maintained the stock with "Hold" rating in Friday, July 14 report.

Stock has got OUTPERFORM rating from 6 analyst (s) whereas last month 6 analyst (s) have given outperform rating. As per Tuesday, January 23, the company rating was maintained by Roth Capital. CFRA maintained the stock with "Buy" rating in Wednesday, February 7 report. Morgan Stanley upgraded it to "Overweight" rating and $120 target in Tuesday, March 22 report.

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Investors sentiment increased to 1.23 in Q3 2017. Its down 0.51, from 1.63 in 2017Q2. It fall, as 33 investors sold WYNN shares while 148 reduced holdings.

Okada a year ago lost his board position at Universal with the board accusing him of misappropriating $20 million in funds. TIAA CREF Investment Management LLC increased its holdings in Wynn Resorts by 6.2% in the 4th quarter. Moreover, Fifth Third Bank & Trust has 0% invested in Wynn Resorts, Limited (NASDAQ:WYNN) for 438 shares. Integral Derivatives Ltd Liability Corp owns 2,501 shares for 0.01% of their portfolio. Morgens Waterfall Vintiadis & Company invested in 3.88% or 31,000 shares. 5,866 were reported by Williams Jones And Assocs Ltd Llc. Southeastern Asset Management Tn owns 5.12 million shares. Tarbox Family Office owns 46 shares. Ameritas Investment Prtn has 3,758 shares for 0.02% of their portfolio. Mckinley Capital Management LLC Delaware bought a new stake in Wynn Resorts during the fourth quarter valued at $171,000. Point72 Asset Mgmt Limited Partnership reported 0.28% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). 131.39 million shares or 2.57% less from 134.86 million shares in 2017Q2 were reported. Wynn Resorts's dividend payout ratio (DPR) is presently 27.51%. Pictet Asset Management stated it has 0.02% in Wynn Resorts, Limited (NASDAQ:WYNN). The Georgia-based Voya Invest Limited Liability Corporation has invested 0.09% in Commvault Systems, Inc.

Since September 15, 2017, it had 0 insider buys, and 2 selling transactions for $9.23 million activity.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Monday, January 22nd. They expect $1.77 EPS, up 42.74% or $0.53 from last year's $1.24 per share. CVLT's profit will be $3.15 million for 198.04 P/E if the $0.07 EPS becomes a reality. The casino operator reported $1.40 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.33 by $0.07.

Among 20 analysts covering Perrigo Company Plc (NYSE:PRGO), 9 have Buy rating, 0 Sell and 11 Hold. The firm earned "Hold" rating on Monday, October 19 by Jefferies.

Under the settlement, Wynn Resorts will pay a total $2.6 billion including the principal amount of the redemption note and interest owed by March 31, Universal Entertainment's law firm, Buckley Sandler LLP, said in a statement. The stock has a consensus rating of Buy and a consensus price target of $179.36. On Thursday, July 14 the stock rating was downgraded by JP Morgan to "Neutral". Teacher Retirement Of Texas reported 103,570 shares. The company was maintained on Wednesday, February 7 by Stifel Nicolaus. The firm has "Buy" rating given on Thursday, September 21 by Deutsche Bank.

Investors sentiment decreased to 0.79 in Q3 2017. Its up 0.07, from 0.89 in 2017Q2. It increased, as 44 investors sold HUM shares while 184 reduced holdings. 34 funds opened positions while 76 raised stakes. Conning Inc reported 1,687 shares stake. According to today's trading volume Wynn Resorts Ltd.is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. Investors of record on Thursday, February 15th were given a dividend of $0.50 per share. Lord Abbett Co Limited Liability Com accumulated 452,237 shares. (NASDAQ:CVLT). Goldman Sachs Gru Inc holds 0.02% or 1.21 million shares. 2,520 are held by Coastline. Bluemountain Cap Mngmt reported 0.03% of its portfolio in U.S. Bancorp (NYSE:USB).

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