Published: Wed, March 14, 2018
Finance | By Claude Patterson

Wynn Resorts' (NASDAQ:WYNN) Buy Rating Reiterated at Jefferies Group

Wynn Resorts' (NASDAQ:WYNN) Buy Rating Reiterated at Jefferies Group

(NYSE:COO) has risen 33.48% since March 12, 2017 and is uptrending. It has underperformed by 2.65% the S&P500.

Virtus Investment Advisers Inc decreased its stake in Wynn Resorts Ltd (WYNN) by 61.28% based on its latest 2017Q3 regulatory filing with the SEC. Jump Trading Llc sold 4,646 shares as the company's stock rose 26.92% with the market. The Company holds more Forbes Travel Guide Five Stars than any other independent hotel company in the world and is led by Chairman of the Board and Chief Executive Officer, Mr. Stephen A. Wynn, who possesses more than 45 years of development experience of casino resorts. The company's stock had a trading volume of 9,410,000 shares, compared to its average volume of 5,980,000. About 8.75M shares traded. Beddow Capital Management Inc who had been investing in Wynn Resorts Limited for a number of months, seems to be bullish on the $19.46 billion market cap company. It has outperformed by 20.93% the S&P500.

Analysts await UnitedHealth Group Incorporated (NYSE:UNH) to report earnings on April, 17. They expect $0.79 earnings per share, down 9.20% or $0.08 from last year's $0.87 per share. After $0.83 actual earnings per share reported by Loews Corporation for the previous quarter, Wall Street now forecasts -4.82% negative EPS growth.

Beddow Capital Management Inc, which manages about $385.61M and $245.40M US Long portfolio, decreased its stake in Koninklijke Philips Nv (NYSE:PHG) by 46,288 shares to 256,768 shares, valued at $10.58 million in 2017Q3, according to the filing. It also increased its holding in Northstar Realty Europe Corp by 29,853 shares in the quarter, for a total of 1.52M shares, and has risen its stake in Kroger Co (NYSE:KR).

Since September 15, 2017, it had 0 insider buys, and 2 selling transactions for $9.23 million activity. Shares for $3.49 million were sold by LeClaire Brian P. Sinatra Kimmarie sold $3.08 million worth of stock. $1.75 million worth of Humana Inc. TISCH JONATHAN M sold $370,578 worth of stock. (NYSE:COO) shares were sold by BENDER A THOMAS. $370,707 worth of stock was sold by TISCH ANDREW H on Sunday, February 11.

Investors sentiment increased to 1.23 in 2017 Q3. Its up 0.28, from 1.1 in 2017Q2. It dropped, as 34 investors sold L shares while 137 reduced holdings. 63 funds opened positions while 146 raised stakes. Strs Ohio invested in 0% or 6,456 shares. Automobile Association reported 0.02% in Loews Corporation (NYSE:L). Suntrust Banks Inc stated it has 4,443 shares. 5,866 were reported by Williams Jones And Assocs Ltd Llc. Robeco Institutional Asset Management Bv holds 20,634 shares or 0.02% of its portfolio. Hightower Ltd Limited Liability Company holds 29,916 shares or 0.01% of its portfolio. First Allied Advisory Services accumulated 28,407 shares. Pictet Asset Management Ltd, United Kingdom-based fund reported 38,951 shares. (NASDAQ:CVLT). Eulav Asset Management holds 26,100 shares or 0.07% of its portfolio. Marshall Wace Limited Liability Partnership holds 8,991 shares. Wilen Mgmt holds 12,300 shares or 0.1% of its portfolio. (NYSE:COO). Financial Bank Of Montreal Can stated it has 84,955 shares. Nwi LP has invested 1.29% in Wynn Resorts, Limited (NASDAQ:WYNN). (NYSE:HUM). Price T Rowe Md invested 0.39% of its portfolio in Humana Inc.

The Oregon lawsuit, which followed last month's filing of a similar action by the public pension fund for the state of NY, reportedly claims that Wynn Resorts Limited's board of directors should have investigated and stopped Wynn's alleged behavior but that it had instead "devoted substantial company resources" to hiding the accusations. Bamco Inc New York has invested 0.29% in The Cooper Companies, Inc. The casino operator reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.07. Its down 0.51, from 1.63 in 2017Q2.

A number of equities research analysts have weighed in on the company. 64 funds opened positions while 138 raised stakes. Wynn Resorts had a return on equity of 100.14% and a net margin of 11.85%. Mitsubishi Ufj Securities Hldg Limited holds 0.06% or 90 shares.

Lmr Partners Llp decreased Ingersoll (NYSE:IR) stake by 10,393 shares to 8,109 valued at $723,000 in 2017Q3.

COPYRIGHT VIOLATION WARNING: "Wynn Resorts (WYNN) Lifted to "Buy" at BidaskClub" was published by and is the sole property of of Mackenzie Financial Corp now owns 371,560 shares of the casino operator's stock valued at $62,641,000 after buying an additional 348,662 shares during the period. Caprock Group Incorporated accumulated 1,711 shares. Wynn Resorts's payout ratio is 27.51%. Amalgamated Fincl Bank has invested 0.04% in Wynn Resorts, Limited (NASDAQ:WYNN). State Street Corporation invested in 0.12% or 5.94M shares. 375 were reported by Markston Limited Liability Com. Nikko Asset Mngmt Americas Inc reported 1,200 shares.

Among 29 analysts covering Wynn Resorts (NASDAQ:WYNN), 15 have Buy rating, 1 Sell and 13 Hold. Therefore 56% are positive. Jefferies Group initiated coverage on Wynn Resorts in a report on Thursday, January 18th. The stock has "Buy" rating by Goldman Sachs on Friday, April 1. The rating was maintained by Robert W. Baird on Friday, September 1 with "Buy". The ex-dividend date was Wednesday, February 14th. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) earned "Neutral" rating by Sterne Agee CRT on Friday, March 11. The stock has "Buy" rating by Bank of America on Wednesday, October 18. The firm has "Neutral" rating given on Wednesday, July 20 by UBS. (NYSE:COO) on Thursday, December 7 with "Buy" rating. The rating was maintained by Susquehanna with "Hold" on Friday, January 19. The rating was upgraded by Taglich to "Market Perform" on Monday, October 5. Thornburg Investment Management Inc. increased its holdings in Wynn Resorts by 1.2% in the 3rd quarter.

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