Private Advisor Group LLC boosted its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN – Get Rating) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,905 shares of the casino operator's stock after acquiring an additional 292 shares during the quarter. Private Advisor Group LLC's holdings in Wynn Resorts were worth $621,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Institute for Wealth Management LLC. boosted its holdings in Wynn Resorts by 1.9% during the 1st quarter. Institute for Wealth Management LLC. now owns 7,563 shares of the casino operator's stock valued at $603,000 after acquiring an additional 143 shares during the period. Mutual of America Capital Management LLC boosted its holdings in Wynn Resorts by 1.1% during the 1st quarter. Mutual of America Capital Management LLC now owns 13,893 shares of the casino operator's stock valued at $1,108,000 after acquiring an additional 147 shares during the period. Fusion Capital LLC boosted its holdings in Wynn Resorts by 5.3% during the 1st quarter. Fusion Capital LLC now owns 3,131 shares of the casino operator's stock valued at $250,000 after acquiring an additional 157 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC boosted its holdings in Wynn Resorts by 4.6% during the 1st quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,020 shares of the casino operator's stock valued at $290,000 after acquiring an additional 175 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in shares of Wynn Resorts by 6.1% in the 1st quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 3,107 shares of the casino operator's stock worth $248,000 after buying an additional 179 shares during the period. Hedge funds and other institutional investors own 64.69% of the company's stock.
Get Wynn Resorts alerts:Insiders Place Their Bets
In other Wynn Resorts news, Director Patricia Mulroy sold 2,000 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $67.11, for a total transaction of $134,220.00. Following the completion of the transaction, the director now owns 8,781 shares of the company's stock, valued at $589,292.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
WYNN has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lowered their target price on Wynn Resorts from $92.00 to $85.00 and set a "buy" rating for the company in a report on Wednesday, August 10th. UBS Group set a $67.00 target price on Wynn Resorts in a report on Monday, June 20th. Barclays upped their target price on Wynn Resorts to $71.00 in a report on Monday, August 15th. Jefferies Financial Group raised Wynn Resorts from a "hold" rating to a "buy" rating in a research report on Monday, September 26th. Finally, Credit Suisse Group raised Wynn Resorts from a "neutral" rating to an "outperform" rating and set a $117.00 price target for the company in a research report on Thursday, September 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $98.57.Wynn Resorts Price Performance
Shares of NASDAQ:WYNN opened at $70.74 on Wednesday. The business's 50-day moving average is $63.95 and its 200 day moving average is $65.27. The firm has a market capitalization of $8.05 billion, a P/E ratio of -12.37 and a beta of 1.96. Wynn Resorts, Limited has a 1 year low of $50.20 and a 1 year high of $99.00.
Wynn Resorts (NASDAQ:WYNN – Get Rating) last posted its quarterly earnings results on Tuesday, August 9th. The casino operator reported ($0.82) earnings per share for the quarter, beating the consensus estimate of ($0.94) by $0.12. The firm had revenue of $908.83 million for the quarter, compared to analysts' expectations of $980.84 million. The firm's revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.12) EPS. On average, analysts expect that Wynn Resorts, Limited will post -3.7 EPS for the current year.
Wynn Resorts Profile
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Wynn Resorts, Limited designs, develops, and operates integrated resorts. Its Wynn Palace segment operates 424,000 square feet of casino space with 323 table games, 1,035 slot machines, private gaming salons, and sky casinos; a luxury hotel tower with 1,706 guest rooms, suites, and villas, including a health club, spa, salon, and pool; 14 food and beverage outlets; 107,000 square feet of retail space; 37,000 square feet of meeting and convention space; and performance lake and floral art displays.
Further Reading
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