Two Stocks To Tuck Away: PGT Innovations Inc. (NYSE:PGTI), Wynn Resorts Limited (NASDAQ:WYNN)

The shares of PGT Innovations Inc. (NYSE:PGTI) has been pegged with a rating of Neutral by B. Riley FBR in its latest research note that was published on March 17, 2020. The Industrial Goods company has also assigned a $11 price target. B. Riley FBR wasn’t the only research firm that published a report of PGT Innovations Inc., with other equities research analysts also giving their opinion on the stock. The stock had earned Buy rating from Gabelli & Co Markets when it published its report on August 02, 2019. That day the Gabelli & Co set price target on the stock to $22. The stock was given Overweight rating by KeyBanc Capital Markets in its report released on March 11, 2019, the day when the price target on the stock was placed at 20. Dougherty & Company was of a view that PGTI is Buy in its latest report on February 28, 2019. Wells Fargo thinks that PGTI is worth Market Perform rating.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 4 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $15.40. The price of the stock the last time has raised by 20.61% from its 52-Week high price while it is -53.30% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 31.09.

The shares of the company added by 7.88% during the trading session on Wednesday, reaching a low of $7.705 while ending the day at $8.63. During the trading session, a total of 688899.0 shares were traded which represents a -98.7% decline from the average session volume which is 346700.0 shares. PGTI had ended its last session trading at $8.00. PGT Innovations Inc. currently has a market cap of $489.23 million, while its P/E ratio stands at 11.69, while its P/E earnings growth sits at 3.34, with a beta of 1.28. PGT Innovations Inc. debt-to-equity ratio currently stands at 0.00, while its quick ratio hovers at 3.40 PGTI 52-week low price stands at $7.16 while its 52-week high price is $18.48.

The company in its last quarterly report recorded $0.10 earnings per share which is above the predicted by most analysts. The PGT Innovations Inc. generated 97.24 million in revenue during the last quarter. In the second quarter last year, the firm recorded $0.26 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -60.0%. PGT Innovations Inc. has the potential to record 0.82 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Standpoint Research published a research note on February 27, 2020 where it informed investors and clients that Wynn Resorts Limited (NASDAQ:WYNN) is now rated as Buy. BofA/Merrill also rated WYNN as Upgrade on February 12, 2020, with its price target of $150 suggesting that WYNN could surge by 46.39% from its current share price. Even though the stock has been trading at $66.56/share, analysts expect it to surge by 12.77% to reach $140.00/share. It started the day trading at $79.70 and traded between $65.19 and $75.06 throughout the trading session.

A look at its technical shows that WYNN’s 50-day SMA is 110.93 while its 200-day SMA stands at 118.86. The stock has a high of $153.41 for the year while the low is $35.84. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 5.33 M shorted shares, the short percentage went higher by 35.84%, as 7.24M PGTI shares were shorted. At the moment, only 5.50% of Wynn Resorts Limited shares were sold short. The company’s P/E ratio currently sits at 65.55, while the P/B ratio is 4.59. The company’s average trading volume currently stands at 4.15M shares, which means that the short-interest ratio is just 1.29 days. Over the past seven days, the company moved, with its shift of 74.48%. Looking further, the stock has dropped -46.47% over the past 90 days while it lost -31.36% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The T. Rowe Price Associates, Inc. (I… bought more WYNN shares, increasing its portfolio by 60.71% during the last quarter. This move now sees The T. Rowe Price Associates, Inc. (I… purchasing 4,918,961 shares in the last quarter, thus it now holds 13,021,033 shares of WYNN, with a total valuation of $1,406,011,143. The Vanguard Group, Inc. meanwhile bought more WYNN shares in the recently filed quarter, changing its stake to $1,067,942,392 worth of shares.

Similarly, Capital Research & Management Co…. increased its Wynn Resorts Limited shares by 38.07% during the recently filed quarter. After buying 6,187,167 shares in the last quarter, the firm now controls 1,705,864 shares of Wynn Resorts Limited which are valued at $668,090,293. In the same vein, Capital Research & Management Co…. increased its Wynn Resorts Limited shares by during the most recent reported quarter. The firm bought 308,919 shares during the quarter which increased its stakes to 4,639,083 shares and is now valued at $500,928,182. Following these latest developments, around 0.60% of Wynn Resorts Limited stocks are owned by institutional investors and hedge funds.