Wynn Resorts Limited (NASDAQ:WYNN) Sellers Strengthened By 6.95% Their Shorts

June 29, 2018 - By Gregory Tomko

Wynn Resorts, Limited (NASDAQ:WYNN) Corporate Logo

Big Money Sentiment decreased to 0.9 in 2018 Q1. It has change of 0.33, from 2017Q4’s 1.23. The ratio is negative due to Wynn Resorts, Limited positioning: 75 sold and 165 reduced. 88 funds acquired stakes and 128 increased stakes. Investors holded 71.04 million in 2017Q4 but now own 80.81 million shares or 13.75% more.
Nomura Asset Mgmt Limited has invested 0.03% of its capital in Wynn Resorts, Limited (NASDAQ:WYNN). Westpac Banking reported 0% of its capital in Wynn Resorts, Limited (NASDAQ:WYNN). State Of Tennessee Treasury Department invested in 0.02% or 19,294 shs. Marathon Trading Invest Mgmt Limited Liability Corp owns 1,650 shs. 3.90 million are held by Research Invsts. Bluemountain Cap Lc holds 0.14% or 34,684 shs in its capital. Amer Research And Com invested in 400 shs or 0.02% of the stock. Moreover, Pictet Cie (Europe) has 0.1% invested in Wynn Resorts, Limited (NASDAQ:WYNN). Goldman Sachs owns 0.03% invested in Wynn Resorts, Limited (NASDAQ:WYNN) for 668,969 shs. Waddell And Reed Inc has invested 0.03% in Wynn Resorts, Limited (NASDAQ:WYNN). Sector Pension Board invested 0.02% of its capital in Wynn Resorts, Limited (NASDAQ:WYNN). Highland Capital Mngmt Limited Partnership has invested 0.08% in Wynn Resorts, Limited (NASDAQ:WYNN). Jump Trading Ltd has invested 0.04% in Wynn Resorts, Limited (NASDAQ:WYNN). Captrust holds 257 shs or 0% of its capital. Exane Derivatives holds 0% in Wynn Resorts, Limited (NASDAQ:WYNN) or 4,830 shs.

Wynn Resorts, Limited had 5 sales and 0 insider purchases since March 21, 2018. This’s net activity of $2.15 billion. MADDOX MATT had sold 18,450 shs worth $3.53M. WYNN STEPHEN A also sold $738.90 million worth of Wynn Resorts, Limited (NASDAQ:WYNN) on Wednesday, March 21.

Wynn Resorts Limited (NASDAQ:WYNN) had an increase of its shorted shares by 6.95%. It was published in June by FINRA the 3.77M shorted shares on WYNN. The up change of 6.95% from 3.52 million shares was reported. With Average volume 2.40M, WYNN’s previous position will take 2 days to recover. Wynn Resorts Limited’s shorted shares float is 4.73%.

WYNN is hitting $167.88 during the last trading session, after increased 2.36%.Currently Wynn Resorts, Limited is uptrending after 56.07% change in last June 29, 2017. WYNN has 1.06M shares volume. WYNN outperformed the S&P500 by 43.50%.

Wynn Resorts, Limited develops, owns, and operates destination casino resorts.The company has $18.23 billion market cap. As of February 15, 2017, the companyÂ’s Wynn Macau resorts had approximately 284,000 square feet of casino space, which offered 303 table games and 957 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel towers with a total of 1,008 guest rooms and suites; 8 food and beverage outlets; 57,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities comprising 2 health clubs, spas, a salon, and a pool; and the Rotunda show.The P/E ratio is 39.04. It also owned and operated Wynn Palace resort with a total of approximately 420,000 square feet of casino space that offers 304 table games and 996 slot machines, private gaming salons, sky casinos, and a poker pit; a luxury hotel with a total of 1,706 guest rooms, suites, and villas; 10 food and beverage outlets; 105,000 square feet of retail space; 40,000 square feet of meeting and convention space; recreation and leisure facilities, including a gondola ride, health club, spa, salon, and pool; and public attractions, such as a performance lake and floral art displays.

Wynn Resorts, Limited (NASDAQ:WYNN) Ratings Coverage

In total 15 analysts cover Wynn Resorts (NASDAQ:WYNN). “Buy” rating has 10, “Sell” are 0, while 5 are “Hold”. (NASDAQ:WYNN) has 67% bullish analysts. 39 are the (NASDAQ:WYNN)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. On Wednesday, February 7 CFRA maintained the shares of WYNN in report with “Buy” rating. The company rating was maintained by Nomura on Wednesday, April 25. On Friday, March 23 the rating was upgraded by Union Gaming to “Buy”. On Monday, January 22 Bank of America maintained the shares of WYNN in report with “Hold” rating. On Thursday, March 8 the stock of Wynn Resorts, Limited (NASDAQ:WYNN) has “Buy” rating given by Jefferies. On Monday, January 29 the stock has “Hold” rating by Nomura. In Monday, January 29 report UBS downgraded the stock to “Neutral” rating. On Tuesday, January 23 Roth Capital maintained Wynn Resorts, Limited (NASDAQ:WYNN) with “Buy” rating. The stock rating was maintained by Susquehanna with “Buy” on Monday, April 23. On Tuesday, March 27 the stock of Wynn Resorts, Limited (NASDAQ:WYNN) has “Overweight” rating given by JP Morgan.

For more Wynn Resorts, Limited (NASDAQ:WYNN) news announced briefly go to: Finance.Yahoo.com, Seekingalpha.com, Bizjournals.com, Seekingalpha.com or Nasdaq.com. The titles are as follows: “The Recent Fall in Wynn Resorts, Limited Stock Is a Windfall For Bulls” announced on June 06, 2018, “Wynn: A Long Shot Play On Sports Betting Narrows The Gap As New Management Takes Hold” on June 14, 2018, “Lawsuit accuses Wynn Resorts of fraud in Everett land deal” with a publish date: June 13, 2018, “Pricing Wynn Is Very Tricky” and the last “Wynn Resorts’ New CEO Faces Test With $2.5 Billion Boston Project” with publication date: June 20, 2018.

Wynn Resorts, Limited (NASDAQ:WYNN) Institutional Investors Chart

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