Wynn Resorts Limited (NASDAQ:WYNN) Could Burn Your Long Portfolio After More Shorts

Wynn Resorts, Limited (NASDAQ:WYNN) Logo

Investors sentiment decreased to 0.95 in 2019 Q1. Its down 0.05, from 1 in 2018Q4. It dropped, as 45 investors sold Wynn Resorts, Limited shares while 125 reduced holdings. 60 funds opened positions while 101 raised stakes. 79.45 million shares or 3.75% more from 76.58 million shares in 2018Q4 were reported.
Asset Management One reported 55,984 shares or 0.04% of all its holdings. Allstate stated it has 0.01% in Wynn Resorts, Limited (NASDAQ:WYNN). Fifth Third National Bank reported 1,858 shares. Cibc Fincl Bank Usa reported 0.42% stake. Blackrock holds 0.03% or 6.19 million shares. State Street owns 3.97M shares or 0.04% of their US portfolio. Strs Ohio reported 0.14% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). Hartford Invest Communication has invested 0.04% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). Trexquant Investment L P accumulated 0.1% or 11,571 shares. Alliancebernstein L P reported 0.01% stake. Pictet Asset Mgmt Limited holds 0.01% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN) for 36,875 shares. Moody Bank & Trust Division holds 0% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN) for 39 shares. Kentucky Retirement System Ins Trust Fund reported 1,926 shares stake. Quantres Asset Ltd holds 2,400 shares. Cap Ca owns 4,986 shares.

Since February 4, 2019, it had 0 insider purchases, and 1 insider sale for $2.35 million activity.

The stock of Wynn Resorts Limited (NASDAQ:WYNN) registered an increase of 2.19% in short interest. WYNN’s total short interest was 6.33 million shares in July as published by FINRA. Its up 2.19% from 6.20M shares, reported previously. With 2.07M shares average volume, it will take short sellers 3 days to cover their WYNN’s short positions. The short interest to Wynn Resorts Limited’s float is 6.95%.

The stock increased 2.48% or $3.24 during the last trading session, reaching $133.89. About 1.69M shares traded. Wynn Resorts, Limited (NASDAQ:WYNN) has declined 34.64% since July 14, 2018 and is downtrending. It has underperformed by 39.07% the S&P500.

Wynn Resorts, Limited develops, owns, and operates destination casino resorts. The company has market cap of $14.42 billion. 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. It has a 16.42 P/E ratio. 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

Among 5 analysts covering Wynn Resorts (NASDAQ:WYNN), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Wynn Resorts has $170 highest and $108 lowest target. $140.67’s average target is 5.06% above currents $133.89 stock price. Wynn Resorts had 13 analyst reports since March 2, 2019 according to SRatingsIntel. The company was initiated on Wednesday, March 20 by Credit Suisse. The rating was maintained by Deutsche Bank on Tuesday, April 9 with “Buy”. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) has “Buy” rating given on Wednesday, March 6 by Nomura. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) earned “Buy” rating by Jefferies on Monday, April 8. Morgan Stanley maintained Wynn Resorts, Limited (NASDAQ:WYNN) on Wednesday, March 6 with “Equal-Weight” rating.

More notable recent Wynn Resorts, Limited (NASDAQ:WYNN) news were published by: Nasdaq.com which released: “Will Gaming Stocks’ Dry Spell Persist Amid Trade Tensions? – Nasdaq” on June 27, 2019, also Nasdaq.com with their article: “Calix to Party On With Dana Carvey Providing Main Stage Entertainment at ConneXions 2019 – Nasdaq” published on July 10, 2019, Nasdaq.com published: “Wynn Resorts Enters Oversold Territory – Nasdaq” on May 23, 2019. More interesting news about Wynn Resorts, Limited (NASDAQ:WYNN) were released by: Nasdaq.com and their article: “Wynn Resorts News: Why WYNN Stock Is Surging Today – Nasdaq” published on July 01, 2019 as well as Seekingalpha.com‘s news article titled: “Macau sector rallies off strong June GGR print, new trade talks – Seeking Alpha” with publication date: July 01, 2019.

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

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