Penn Capital Management buys new stake in Wynn Resorts
Penn Capital Management Company LLC bought 17,853 shares of Wynn Resorts valued at about $1.75M. Wynn reported quarterly EPS of $1.24, beating consensus of $0.99, and disclosed a quarterly dividend paid Aug. 28. Argus, Deutsche Bank, and Barclays reiterated buy ratings and raised price targets, while BlackRock also increased its stake.