Wynn Resorts may use $800M loan to pay $2.4B settlement

Wynn Resorts may use $800M loan to pay $2.4B settlement

The company has market cap of $576.67 million. The stock increased 6.09% or $10.91 during the last trading session, reaching $190.02. The company has market cap of $881.00 million. U.S. Bancorp (NYSE:USB) has risen 23.07% since March 9, 2017 and is uptrending. It has outperformed by 24.93% the S&P500.

Hitchwood Capital Management Lp decreased Wynn Resorts Ltd (WYNN) stake by 31.54% reported in 2017Q3 SEC filing. The company's distance from 52-week high price is -12.04% and while the current price is 82% from 52-week low price. From a safety point of view, a company's size and market value do matter.

The stock exchanged hands with 6288696 numbers of shares contrast to its average daily volume of 3.87M shares.

Universal Entertainment shares tumbled 16 percent, their daily limit and the most in nearly five years, in trading in Tokyo on Friday. The firm has "Outperform" rating by Wood given on Thursday, August 20. After $0.15 actual earnings per share reported by CEVA, Inc. for the previous quarter, Wall Street now forecasts -80.00% negative EPS growth.

Since February 20, 2018, it had 0 buys, and 5 sales for $9.81 million activity. WALLACE HENRY D G had sold 4,139 shares worth $690,025 on Monday, September 18. Shares for $1.02 million were sold by BURGESS SHARI L on Friday, February 16. Simoncini Matthew sold 100,000 shares worth $19.01 million.

When looking at the investment recommendation on say a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell), WYNN is given a 2.30. Bank of America downgraded the stock to "Neutral" rating in Tuesday, June 21 report. The fund owned 7,694 shares of the casino operator's stock after buying an additional 300 shares during the period. The company was maintained on Tuesday, September 5 by Robert W. Baird. The company was initiated on Friday, October 7 by Wedbush. (NASDAQ:CBFV) latest ratings and price target changes. Market worth or Market capitalization is calculated by multiplying the price of a stock by its total number of outstanding shares. Firm LT growth rate is estimated as 2%.

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Investors sentiment increased to 0.96 in Q3 2017. Its up 0.16, from 1.14 in 2017Q2. It is positive, as 41 investors sold LEA shares while 173 reduced holdings. 6,064 are owned by American Research And Mngmt Com. Leisure Capital Mngmt accumulated 5,046 shares. Hwg Ltd Partnership holds 0.83% or 7,119 shares. Panagora Asset Incorporated owns 266,518 shares. Gabalex Limited Liability Corporation reported 150,000 shares. The shares now trade at $0.16 and have been able to report a change of 2.46% over the past one week. The Illinois-based Oberweis Asset Management Inc has invested 2.77% in the stock. Broadridge Finl Solution (NYSE:BR) was raised too. Gabelli restated a "buy" rating and set a $230.00 price target on shares of Wynn Resorts in a report on Tuesday, January 23rd. Therefore 33% are positive.

WYNN has been the topic of a number of research analyst reports. The firm has "Underperform" rating by CLSA given on Friday, July 29. Brean Capital maintained Wynn Resorts, Limited (NASDAQ:WYNN) on Friday, July 31 with "Buy" rating. Roth Capital has "Hold" rating and $170.0 target. The firm has "Buy" rating by Jefferies given on Monday, January 29. Zacks Investment Research cut shares of Wynn Resorts from a "buy" rating to a "hold" rating in a report on Wednesday. The firm has "Outperform" rating by Telsey Advisory Group given on Thursday, November 3.

Wynn Macau Ltd. climbed 0.5 percent in Hong Kong on Friday, while parent Wynn Resorts jumped 6.4 percent in NY on Thursday before the settlement was announced. Institutional investors own 70.11% of the company's stock. 61 funds opened positions while 135 raised stakes. 14,677 are owned by Zurcher Kantonalbank (Zurich Cantonalbank). 17,227 are held by Hartford Mgmt. Bank & Trust Of Montreal Can holds 0.01% or 86,873 shares. Ranger Investment Management L.P., a Texas-based fund reported 559,444 shares.

Wynn quit as CEO of Wynn Resorts last month, following claims he subjected women who worked for him to unwanted advances.

Wynn Resorts, Limited (WYNN) is an interesting player in the Services space, with a focus on Resorts & Casinos. Announces Third Quarter 2017 Financial Results" published on October 27, 2017 as well as Globenewswire.com's news article titled: "CB Financial Services, Inc. and First West Virginia Bancorp, Inc. Barclays Public Limited accumulated 115,162 shares. Caprock Group invested in 0.05% or 1,711 shares. Klingenstein Fields & Ltd Liability owns 583,830 shares or 0.84% of their USA portfolio. Bank of New York Mellon Corp increased its holdings in Wynn Resorts by 8.0% in the 3rd quarter. Gamco Invsts Et Al holds 243,890 shares or 0.22% of its portfolio. D E Shaw & reported 0.08% in Wynn Resorts, Limited (NASDAQ:WYNN). This is represented as the equation (P/EPS), where P is the market price and EPS is the earnings per share. LEA's profit will be $326.57M for 9.59 P/E if the $4.88 EPS becomes a reality.

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