Gotham Asset Management LLC Buys Shares of 3,934 Wynn Resorts, Limited (WYNN)

Gotham Asset Management LLC bought a new stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,934 shares of the casino operator’s stock, valued at approximately $528,000.

Several other institutional investors have also made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Wynn Resorts, Limited by 0.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,932 shares of the casino operator’s stock valued at $796,000 after purchasing an additional 35 shares during the last quarter. Xact Kapitalforvaltning AB increased its position in shares of Wynn Resorts, Limited by 0.6% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 6,367 shares of the casino operator’s stock valued at $854,000 after purchasing an additional 39 shares during the last quarter. Global X Management Co. LLC increased its position in shares of Wynn Resorts, Limited by 2.1% during the 2nd quarter. Global X Management Co. LLC now owns 2,127 shares of the casino operator’s stock valued at $285,000 after purchasing an additional 43 shares during the last quarter. Financial Architects Inc increased its position in shares of Wynn Resorts, Limited by 4.2% during the 2nd quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock valued at $168,000 after purchasing an additional 50 shares during the last quarter. Finally, Lakeview Capital Partners LLC increased its position in shares of Wynn Resorts, Limited by 1.9% during the 2nd quarter. Lakeview Capital Partners LLC now owns 2,750 shares of the casino operator’s stock valued at $369,000 after purchasing an additional 50 shares during the last quarter. 70.80% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Clark T. Jr. Randt sold 3,000 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $129.00, for a total transaction of $387,000.00. Following the completion of the sale, the director now owns 7,711 shares in the company, valued at $994,719. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kimmarie Sinatra sold 21,451 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $143.62, for a total value of $3,080,792.62. Following the sale, the executive vice president now owns 223,443 shares of the company’s stock, valued at approximately $32,090,883.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,351 shares of company stock valued at $9,621,369. Company insiders own 13.20% of the company’s stock.

Several brokerages have recently issued reports on WYNN. Citigroup Inc. raised their target price on Wynn Resorts, Limited to $161.00 and gave the company a “buy” rating in a research report on Monday. BidaskClub lowered Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $162.00 target price for the company in a research report on Tuesday, September 26th. Instinet reaffirmed a “neutral” rating on shares of Wynn Resorts, Limited in a research report on Monday, July 17th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $151.00 target price (up from $133.00) on shares of Wynn Resorts, Limited in a research report on Monday, July 10th. Twelve analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $137.52.

Wynn Resorts, Limited (NASDAQ:WYNN) opened at 145.53 on Friday. The company has a market cap of $14.84 billion, a P/E ratio of 54.46 and a beta of 1.67. The firm has a 50-day moving average price of $144.65 and a 200 day moving average price of $132.47. Wynn Resorts, Limited has a 52 week low of $82.51 and a 52 week high of $150.40.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its quarterly earnings results on Tuesday, July 25th. The casino operator reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Wynn Resorts, Limited had a return on equity of 165.77% and a net margin of 5.02%. The business’s quarterly revenue was up 44.5% on a year-over-year basis.

Several other institutional investors have also made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Wynn Resorts, Limited by 0.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,932 shares of the casino operator’s stock valued at $796,000 after purchasing an additional 35 shares during the last quarter. Xact Kapitalforvaltning AB increased its position in shares of Wynn Resorts, Limited by 0.6% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 6,367 shares of the casino operator’s stock valued at $854,000 after purchasing an additional 39 shares during the last quarter. Global X Management Co. LLC increased its position in shares of Wynn Resorts, Limited by 2.1% during the 2nd quarter. Global X Management Co. LLC now owns 2,127 shares of the casino operator’s stock valued at $285,000 after purchasing an additional 43 shares during the last quarter. Financial Architects Inc increased its position in shares of Wynn Resorts, Limited by 4.2% during the 2nd quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock valued at $168,000 after purchasing an additional 50 shares during the last quarter. Finally, Lakeview Capital Partners LLC increased its position in shares of Wynn Resorts, Limited by 1.9% during the 2nd quarter. Lakeview Capital Partners LLC now owns 2,750 shares of the casino operator’s stock valued at $369,000 after purchasing an additional 50 shares during the last quarter. 70.80% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Clark T. Jr. Randt sold 3,000 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $129.00, for a total transaction of $387,000.00. Following the completion of the sale, the director now owns 7,711 shares in the company, valued at $994,719. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kimmarie Sinatra sold 21,451 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $143.62, for a total value of $3,080,792.62. Following the sale, the executive vice president now owns 223,443 shares of the company’s stock, valued at approximately $32,090,883.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,351 shares of company stock valued at $9,621,369. Company insiders own 13.20% of the company’s stock.

Several brokerages have recently issued reports on WYNN. Citigroup Inc. raised their target price on Wynn Resorts, Limited to $161.00 and gave the company a “buy” rating in a research report on Monday. BidaskClub lowered Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $162.00 target price for the company in a research report on Tuesday, September 26th. Instinet reaffirmed a “neutral” rating on shares of Wynn Resorts, Limited in a research report on Monday, July 17th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $151.00 target price (up from $133.00) on shares of Wynn Resorts, Limited in a research report on Monday, July 10th. Twelve analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $137.52.

Wynn Resorts, Limited (NASDAQ:WYNN) opened at 145.53 on Friday. The company has a market cap of $14.84 billion, a P/E ratio of 54.46 and a beta of 1.67. The firm has a 50-day moving average price of $144.65 and a 200 day moving average price of $132.47. Wynn Resorts, Limited has a 52 week low of $82.51 and a 52 week high of $150.40.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its quarterly earnings results on Tuesday, July 25th. The casino operator reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Wynn Resorts, Limited had a return on equity of 165.77% and a net margin of 5.02%. The business’s quarterly revenue was up 44.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.07 earnings per share. Analysts expect that Wynn Resorts, Limited will post $5.08 EPS for the current fiscal year.

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About Wynn Resorts, Limited

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.

Institutional Ownership by Quarter for Wynn Resorts, Limited (NASDAQ:WYNN)

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