Wynn Resorts Limited (WYNN) continues to undergo strategic adjustments in its stock position by multiple investors. Vanguard Group Inc., Deutsche Bank AG, Swiss National Bank, and Federated Hermes Inc. reduced their holdings, while Regal Partners Ltd, Mitsubishi UFJ Asset Management Co. Ltd, Citigroup Inc., Cookson Peirce & Co. Inc., and Bank of Nova Scotia increased their stakes.
Despite missing Q2 earnings estimates, the company announced a US$0.25 dividend. It also showed
strong growth, and saw shares reach a 52-Week High after an analyst upgrade. The purchase of high volume call options suggests investor confidence.
New price targets were set by Morgan Stanley at $113.00 and by Macquarie at $124.00. Despite Wynn Resorts missing sales targets and suffering lower table game wins,
global expansion, underpinned by
strong Macau and Vegas growth, boosts its stock position.
Reports of Wynn Resorts retracting its bid for a New York City Casino license and paying a fine of $5.5 million over high-roller recruitment emerged. Notably,
Tilman Fertitta increased his stake making Wynn a game-changer for investors.
Wynn Resorts Ltd WYNN News Analytics from Thu, 09 Jan 2025 08:00:00 GMT to Sat, 16 Aug 2025 23:04:29 GMT -
Rating 2
- Innovation 0
- Information 8
- Rumor -1
