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Is technical analysis on Wynn Resorts, Limited (WYNN) is useful?

13 January 2018

The institutional investor held 7.65 million shares of the consumer services company at the end of 2017Q3, valued at $1.14 billion, down from 8.28 million at the end of the previous reported quarter. Hanseatic Management Services Inc who had been investing in Wynn Resorts Ltd. for a number of months, seems to be bullish on the $16.91 billion market cap company.

On, Jan 10, Shares of Wynn Resorts, Limited (WYNN) were valued at $163.40 and moved 0.68% as of a recent closing trade. The share price has moved away from its 20 days moving average at the rate of -2.27% and its 50 days moving average returned 1.95%.

Media coverage about Wynn Resorts (NASDAQ:WYNN) has been trending somewhat positive recently, according to Accern Sentiment Analysis. It has outperformed by 20.93% the S&P500.

Twin Securities Inc increased its stake in Time Warner Inc (TWX) by 477.59% based on its latest 2017Q3 regulatory filing with the SEC. Pacific Heights Asset Management LLC now owns 155,000 shares of the casino operator's stock valued at $14,049,000 after buying an additional 25,000 shares during the period. The stock decreased 0.69% or $0.44 during the last trading session, reaching $63.22. $315,700 worth of Pioneer Natural Resources Company (NYSE:PXD) shares were sold by BERG MARK STEPHEN. Pioneer Natural Resources Company (NYSE:PXD) has risen 8.46% since January 10, 2017 and is uptrending. It has outperformed by 26.62% the S&P500.

Since July 31, 2017, it had 0 buys, and 3 insider sales for $9.62 million activity.

Hanseatic Management Services Inc, which manages about $222.00 million and $88.09 million US Long portfolio, decreased its stake in Terex Corp.

Analysts await Cummins Inc.

Among 36 analysts covering Pioneer Natural Resources (NYSE:PXD), 33 have Buy rating, 1 Sell and 2 Hold. Time Warner Inc. had 116 analyst reports since August 6, 2015 according to SRatingsIntel. Sun Life Financial INC now owns 1,509 shares of the casino operator's stock worth $203,000 after purchasing an additional 1,504 shares during the period. (NYSE:CAH) has "Neutral" rating given on Tuesday, January 3 by Mizuho. On Friday, February 5 the stock rating was maintained by Macquarie Research with "Outperform". The company was maintained on Monday, June 5 by Deutsche Bank. On Monday, April 11 the stock rating was downgraded by Macquarie Research to "Neutral". The firm has "Buy" rating given on Monday, March 7 by UBS. Taglich has "Market Perform" rating and $68 target. Following last close company's stock, is 8.95% above their SMA 50 and -8.43% below the 52-week high. The firm has "Outperform" rating by William Blair given on Monday, August 10. (NYSE:TWX) has "Hold" rating given on Thursday, November 9 by Loop Capital. Central Natl Bank Trust Company has invested 1.24% in Analog Devices, Inc. Its down 0.51, from 1.63 in 2017Q2. 69 funds opened positions while 264 raised stakes. The company have shares float of 80.07 million. Clifford Swan Invest Counsel Limited reported 21,137 shares stake. Davidson Kempner Cap LP reported 237,500 shares. Fir Tree, a New York-based fund reported 2.68 million shares. Apg Asset Mgmt Nv holds 0.04% or 144,782 shares. 51,831 were accumulated by Provise Ltd. Nomura Asset Mngmt Ltd reported 12,786 shares. The Services stock showed a change of -0.10% from opening and finally closed at $162.00 by scoring -0.86%. Zeke Cap Advsrs Limited Liability stated it has 7,397 shares or 0.15% of all its holdings. Wells Fargo And Mn owns 0.11% invested in Time Warner Inc. About 287,858 shares traded. Jane Street Grp Limited Company reported 149,035 shares. Morgan Stanley stated it has 0% in EVERTEC, Inc. (NYSE:CMI). First Republic Investment Mgmt accumulated 49,566 shares. Lord Abbett & Ltd Co reported 0.2% in Wynn Resorts, Limited (NASDAQ:WYNN).

Bartlett & Co, which manages about $3.31 billion and $2.39 billion US Long portfolio, decreased its stake in Cisco Systems Inc (NASDAQ:CSCO) by 12,450 shares to 45,519 shares, valued at $1.53M in 2017Q3, according to the filing. It also reduced its holding in Nvidia Corp (NASDAQ:NVDA) by 16,004 shares in the quarter, leaving it with 10,699 shares, and cut its stake in Companhia Brasileira Distr Ads (NYSE:CBD). 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. Therefore 46% are positive. During the same period in the previous year, the firm earned $0.74 earnings per share. analysts predict that Wynn Resorts will post 5.36 EPS for the current year. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $157.00 price objective (up previously from $150.00) on shares of Wynn Resorts in a research report on Monday, October 2nd. Jefferies maintained the shares of PXD in report on Wednesday, December 20 with "Buy" rating. Stifel Nicolaus increased their price objective on Wynn Resorts from $134.00 to $153.00 and gave the company a "hold" rating in a research report on Friday, October 27th. The firm has "Underperform" rating by CLSA given on Friday, July 29. TheStreet upgraded shares of Wynn Resorts from a "c+" rating to a "b-" rating in a research note on Tuesday, December 12th. As per Wednesday, October 12, the company rating was maintained by Deutsche Bank. The firm earned "Hold" rating on Wednesday, July 26 by Union Gaming. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its earnings results on Thursday, January 26th. Wynn Resorts, Limited (NASDAQ:WYNN) for the trailing twelve months paying dividend with the payout ratio of 55.22% to its shareholders. A statistical measure of the dispersion of returns (volatility) for WYNN producing salvation in Investors mouth, it has week volatility of 1.76% and for the month booked as 1.56%. The casino operator reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.86 by $0.36. It fall, as 33 investors sold WYNN shares while 148 reduced holdings.

Several other institutional investors and hedge funds have also recently made changes to their positions in WYNN. (NYSE:CMI). Legacy Private invested in 1,382 shares or 0.03% of the stock. Tiger Mgmt Ltd Liability Corporation has invested 0.38% in Wynn Resorts, Limited (NASDAQ:WYNN). 15,789 were reported by Employees Retirement Association Of Colorado. MADDOX MATT sold $6.15M worth of stock. Pictet Cie (Europe) Sa reported 0.17% in Wynn Resorts, Limited (NASDAQ:WYNN). While returns on assets calculated as 3.10% that gives an idea about how efficient management is at using its assets to generate earnings.