Wynn Resorts (WYNN) Trading Up 8.7% Following Dividend Announcement

Las Vegas-based casino giant Wynn Resorts has announced plans for recently-acquired land near its flagship casino

Las Vegas-based casino giant Wynn Resorts has announced plans for recently-acquired land near its flagship casino

Millennium Mngmt Lc invested in 0.1% or 459,652 shares. Keybank Association Oh owns 0% invested in Wynn Resorts, Limited (NASDAQ:WYNN) for 4,573 shares. Wynn Resorts earned a daily sentiment score of 0.13 on Accern's scale. Shares for $3.08M were sold by Sinatra Kimmarie on Friday, September 15. Quantbot Ltd Partnership owns 7,186 shares. Gam Holding Ag bought 128,033 shares as the company's stock declined 7.81% while stock markets rallied. Hanseatic Management Services Inc. increased its position in Wynn Resorts by 808.1% during the second quarter. State Teachers Retirement Sys holds 124,796 shares or 0.05% of its portfolio. Advisor Prtnrs, a California-based fund reported 2,239 shares. (NYSE:BPI). Warburg Pincus Ltd Liability Company has 1.19% invested in Bridgepoint Education, Inc. The shares were sold at an average price of $151.74, for a total value of $2,276,100.00.

TRADEMARK VIOLATION WARNING: "Somewhat Positive News Coverage Somewhat Unlikely to Affect Wynn Resorts (NASDAQ:WYNN) Stock Price" was first published by Marea Informative and is the sole property of of Marea Informative.

Since July 31, 2017, it had 0 insider purchases, and 3 selling transactions for $9.62 million activity.

Revenues from Wynn Palace were $693.4 million in the quarter, up a massive 65.6% year over year.

Scopus Asset Management Lp decreased Wynn Resorts Ltd (Call) (WYNN) stake by 16.67% reported in 2017Q3 SEC filing. Deutsche Bank Ag sold 157,839 shares as Bridgepoint Ed Inc (BPI)'s stock rose 39.27%.

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Net revenues from the Wynn Macau property in the traditional downtown casino district were US$618.6 million for the fourth quarter of 2017, up 24.1 percent from the same period of 2016. The company has a market capitalization of $20,070.00, a P/E ratio of 54.08 and a beta of 1.73. On the stock's most recent trading day, the company's shares ended the regular session at $179.64, which is -2.03% lower than its 52-week high. During the quarter, RevPAR grew 2% to $250 million on the back of a 4.8% increase in ADR. Wynn Resorts, Limited (NASDAQ:WYNN) has risen 37.63% since January 22, 2017 and is uptrending. It has outperformed by 20.93% the S&P500.

Non-casino revenues before promotional allowances from Wynn Palace were US$90.8 million for the fourth quarter of 2017, a 5.5 percent increase year-on-year. This is an increase over its earnings per share of 50 cents from the same period of the year prior. After $1.52 actual EPS reported by Wynn Resorts, Limited for the previous quarter, Wall Street now forecasts -13.16 % negative EPS growth.

In comments on Monday to analysts regarding the fourth quarter and full-year results for Wynn Macau Ltd and its parent, Wynn Resorts Ltd, founder Steve Wynn said he had a "great deal of confidence" about the prospect of the Macau unit being able to maintain access to gaming rights after the firm's current concession ends in 2022. More interesting news about Wynn Resorts, Limited (NASDAQ:WYNN) was released by: Prnewswire.com and their article: "Wynn Resorts Once Again Outranks All Other Casino Resorts on FORTUNE Magazine ..." with publication date: January 19, 2018. Zacks Investment Research raised shares of Wynn Resorts from a "hold" rating to a "buy" rating and set a $162.00 price objective for the company in a research note on Tuesday, September 26th. Therefore 50% are positive. The stock now has a consensus rating of "Buy" and an average price target of $154.63.

A number of brokerages recently issued reports on WYNN. (NYSE:T) earned "Hold" rating by Deutsche Bank on Wednesday, October 25. Susquehanna maintained Wynn Resorts, Limited (NASDAQ:WYNN) on Friday, January 19 with "Hold" rating. As per Friday, October 27, the company rating was maintained by Barclays Capital. Deutsche Bank maintained the shares of T in report on Tuesday, June 28 with "Buy" rating. The company was downgraded on Thursday, November 10 by Boenning & Scattergood. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) earned "Outperform" rating by CLSA on Friday, April 29. Sterne Agee CRT downgraded Wynn Resorts, Limited (NASDAQ:WYNN) on Friday, March 11 to "Neutral" rating.

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