Atalanta Sosnoff Capital LLC bought a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,925 shares of the casino operator’s stock, valued at approximately $325,000.
Several other hedge funds and other institutional investors have also modified their holdings of WYNN. Toronto Dominion Bank boosted its position in Wynn Resorts by 26.0% during the second quarter. Toronto Dominion Bank now owns 27,068 shares of the casino operator’s stock worth $3,629,000 after purchasing an additional 5,593 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Wynn Resorts by 28.6% during the second quarter. Public Employees Retirement System of Ohio now owns 46,525 shares of the casino operator’s stock worth $6,240,000 after purchasing an additional 10,335 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in Wynn Resorts during the second quarter worth $528,000. Maverick Capital Ltd. lifted its position in shares of Wynn Resorts by 36.9% in the second quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator’s stock valued at $169,024,000 after acquiring an additional 339,550 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in shares of Wynn Resorts by 84.3% in the third quarter. Cubist Systematic Strategies LLC now owns 28,371 shares of the casino operator’s stock valued at $4,225,000 after acquiring an additional 12,981 shares in the last quarter. 71.96% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Alvin V. Shoemaker sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $151.74, for a total value of $2,276,100.00. Following the completion of the sale, the director now owns 19,162 shares of the company’s stock, valued at $2,907,641.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kimmarie Sinatra sold 20,795 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $152.03, for a total value of $3,161,463.85. Following the completion of the sale, the executive vice president now directly owns 226,992 shares of the company’s stock, valued at approximately $34,509,593.76. The disclosure for this sale can be found here. Insiders have sold 95,055 shares of company stock valued at $14,629,975 over the last 90 days. 13.20% of the stock is currently owned by insiders.
Shares of Wynn Resorts, Limited (NASDAQ:WYNN) traded up $3.19 during trading hours on Tuesday, reaching $168.73. The company’s stock had a trading volume of 3,249,742 shares, compared to its average volume of 2,591,214. The firm has a market capitalization of $17,340.00, a price-to-earnings ratio of 46.74 and a beta of 1.73. The company has a debt-to-equity ratio of 24.54, a current ratio of 1.72 and a quick ratio of 1.68. Wynn Resorts, Limited has a 12 month low of $89.60 and a 12 month high of $172.63.
Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Thursday, October 26th. The casino operator reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.24. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.56 billion. Wynn Resorts had a return on equity of 132.96% and a net margin of 6.24%. The firm’s revenue was up 45.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 earnings per share. research analysts predict that Wynn Resorts, Limited will post 5.36 EPS for the current year.
WYNN has been the topic of several recent research reports. Zacks Investment Research upgraded Wynn Resorts from a “hold” rating to a “buy” rating and set a $162.00 price objective on the stock in a research report on Tuesday, September 26th. UBS Group restated a “buy” rating and issued a $174.00 price objective (up from $149.00) on shares of Wynn Resorts in a research report on Friday, September 29th. Telsey Advisory Group reiterated a “market perform” rating and issued a $157.00 target price (up from $150.00) on shares of Wynn Resorts in a research note on Monday, October 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $134.00 target price on shares of Wynn Resorts in a research note on Thursday, October 12th. Finally, Morgan Stanley reiterated a “hold” rating and issued a $151.00 target price (down from $158.00) on shares of Wynn Resorts in a research note on Thursday, October 12th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Wynn Resorts currently has a consensus rating of “Buy” and an average target price of $151.67.
Wynn Resorts Company Profile
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.
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