State of OR sues mogul Steve Wynn, company after sex allegations

Steve Wynn has denied he harassed and assaulted women. He resigned as chairman and CEO of the company Feb. 6

Public Employees Retirement Association Of Colorado reported 0.02% stake.

A number of research firms have weighed in on WYNN.

Wynn Resorts, Limited, a U.S. based Company, belongs to Services sector and Resorts & Casinos industry.

Jesse Ro decreased its stake in Wynn Resorts Ltd (WYNN) by 20% based on its latest 2017Q3 regulatory filing with the SEC.

Lombard Odier Asset Management Usa Corp increased Netflix Inc (NASDAQ:NFLX) stake by 10,000 shares to 85,000 valued at $15.42M in 2017Q3. Calton & Associates Inc. bought a new position in Wynn Resorts in the fourth quarter valued at about $178,000. Janus Henderson Group PLC now owns 507,249 shares of the casino operator's stock valued at $75,540,000 after acquiring an additional 430,816 shares in the last quarter. Finally, Lord Abbett & CO. Point72 Asset Management L.P. grew its stake in Wynn Resorts by 529.8% during the third quarter.

A number of institutional investors and hedge funds have recently modified their holdings of WYNN. WYNN stock price traded with surging change along with the volume 1.26 million shares in Tuesday trading session. The stock had a trading volume of 6,350,000 shares, compared to its average volume of 5,680,000. Moving toward ratio analysis, it has current ratio of 1.80 and quick ratio was calculated as 1.70. Wynn Resorts has a twelve month low of $98.41 and a twelve month high of $203.63. Tiger Legatus Capital Management Llc sold 10,000 shares as the company's stock rose 26.92% with the market.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Monday, January 22nd. They expect $1.77 EPS, up 42.74% or $0.53 from last year's $1.24 per share. Wynn Resorts had a return on equity of 100.14% and a net margin of 11.85%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.56 billion.

Over the last 5.0 days, Wynn Resorts, Limited's shares returned 0.54 percent, and in the past 30.00 days, the figure appeared at 1.77 percent. Investors of record on Thursday, February 15th were paid a $0.50 dividend. The company was maintained on Wednesday, February 7 by Stifel Nicolaus.

Under the fresh agreement disclosed on Thursday, Wynn Resorts is to pay to the Aruze USA side, on March 31, the almost US$1.94 billion principal amount of the redemption note, plus on the same date, almost US$463.6 million "to settle allegations surrounding the interest rate on the redemption note".

Bernstein analysts noted that Wynn Palace's mass market results, in particular, were "much stronger than expected", rising 80 per cent yearly to US$242 million in the first two months of the year.

WARNING: "Zacks Investment Research Lowers Wynn Resorts (WYNN) to Hold" was originally published by and is the property of of Criterion Cap Ltd Company has 3.04% invested in Wynn Resorts, Limited (NASDAQ:WYNN) for 481,257 shares.

Following previous ticker characteristics, Wynn Resorts, Limited (NASDAQ:WYNN) also run on active notice, stock price inched up 0.98% after traded at $168.41 in most recent trading session. Bank of America reduced their price objective on Wynn Resorts from $200.00 to $190.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 31st.

The litigation stems from Universal and Aruze's challenge to Wynn Resorts' February 2012 forced redemption of 24.5 million shares of Wynn Resorts common stock held by Aruze, over alleged violations of the Foreign Corrupt Practices Act. The company now has a consensus rating of "Buy" and an average target price of $179.36.

Pennsylvania's Miscellaneous Pension Fund and Operating Engineers Construction Industry as well as the Norfolk County Retirement System in MA were also among the shareholder groups to have filed lawsuits against Mr. Wynn and the board of Wynn Resorts. The Connecticut-born mogul and his former firm are now the subject of investigations being conducted by gaming authorities in Nevada, Massachusetts and Macau while his resignation settlement saw him agreed to forfeit a lucrative severance package and vacate his two-story residence inside the Wynn Las Vegas in advance of a June 1 deadline.



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