Wynn Resorts, Limited (NASDAQ:WYNN) – Research analysts at Gabelli increased their FY2019 EPS estimates for Wynn Resorts, Limited in a report released on Monday, Zacks Investment Research reports. Gabelli analyst A. Trivison now expects that the brokerage will post earnings of $6.30 per share for the year, up from their previous estimate of $5.80. Gabelli has a “Buy” rating on the stock. Gabelli also issued estimates for Wynn Resorts, Limited’s FY2020 earnings at $6.55 EPS.

WYNN has been the topic of several other reports. Zacks Investment Research cut shares of Wynn Resorts, Limited from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 16th. Credit Suisse reissued a “hold” rating and set a $76.00 price target (down from $105.00) on shares of Wynn Resorts, Limited in a research report on Friday, October 16th. Vetr raised shares of Wynn Resorts, Limited from a “strong sell” rating to a “hold” rating and set a $69.47 price target on the stock in a research report on Monday, October 12th. Telsey Advisory Group raised shares of Wynn Resorts, Limited from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $54.00 to $68.00 in a research report on Monday, October 5th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $94.00 price target (down from $120.00) on shares of Wynn Resorts, Limited in a research report on Thursday, October 8th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Wynn Resorts, Limited presently has a consensus rating of “Hold” and a consensus price target of $97.08.

Wynn Resorts, Limited (NASDAQ:WYNN) traded up 3.95% during midday trading on Tuesday, hitting $63.41. 3,063,861 shares of the company traded hands. The company has a market capitalization of $6.41 billion and a price-to-earnings ratio of 33.04. Wynn Resorts, Limited has a 12-month low of $49.95 and a 12-month high of $160.41. The stock’s 50-day moving average price is $63.32 and its 200 day moving average price is $73.67.

In other news, insider Stephen A. Wynn purchased 572,850 shares of the business’s stock in a transaction dated Friday, January 22nd. The stock was bought at an average price of $55.62 per share, with a total value of $31,861,917.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Several hedge funds have recently modified their holdings of WYNN. CIBC World Markets increased its stake in shares of Wynn Resorts, Limited by 0.9% in the fourth quarter. CIBC World Markets now owns 16,588 shares of the casino operator’s stock worth $1,148,000 after buying an additional 149 shares during the period. Private Asset Management increased its position in shares of Wynn Resorts, Limited by 1.4% in the fourth quarter. Private Asset Management now owns 34,895 shares of the casino operator’s stock valued at $2,414,000 after buying an additional 475 shares during the last quarter. J. Goldman & Company bought a new position in shares of Wynn Resorts, Limited during the third quarter valued at approximately $38,000. CT Financial Advisors increased its position in shares of Wynn Resorts, Limited by 97.2% in the fourth quarter. CT Financial Advisors now owns 2,358 shares of the casino operator’s stock valued at $163,130 after buying an additional 1,162 shares during the last quarter. Finally, Community Trust & Investment Company increased its position in shares of Wynn Resorts, Limited by 54.5% in the fourth quarter. Community Trust & Investment Company now owns 7,800 shares of the casino operator’s stock valued at $540,000 after buying an additional 2,750 shares during the last quarter.

Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts which integrate accommodations and amenities, including fine dining, premium retail offerings, distinctive entertainment and convention facilities. The Company owns 72% of Wynn Macau, Limited, which operates an integrated resort in the Macau Special Administrative Region of the People’s Republic of China (NASDAQ:WYNN). Wynn Resorts also owns 100% of and operates an integrated resort in Las Vegas, Nevada. The company operates through two segments: Macau Operations, which includes Wynn Macau and Encore at Wynn Maca, and Las Vegas Operations, which includes Wynn Las Vegas and Encore at Wynn Las Vegas. Its Macau Operations features approximately 284,000 square feet of casino space with 498 table games and 625 slot machines, two hotel towers and others. Its Las Vegas Operations features approximately 186,000 square feet of casino space with 232 table games, 1,849 slot machines, two hotel towers and others.

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