Whittier Trust Co. increased its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN – Get Rating) by 38.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,747 shares of the casino operator’s stock after purchasing an additional 1,307 shares during the period. Whittier Trust Co.’s holdings in Wynn Resorts were worth $379,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the stock. Capital Advisory Group Advisory Services LLC acquired a new position in Wynn Resorts in the 1st quarter valued at $25,000. UMB Bank N A MO acquired a new position in Wynn Resorts in the 4th quarter valued at $39,000. Nauset Wealth Management. LLC acquired a new position in Wynn Resorts in the 1st quarter valued at $44,000. Hexagon Capital Partners LLC acquired a new position in Wynn Resorts in the 4th quarter valued at $51,000. Finally, CWM LLC acquired a new position in Wynn Resorts in the 4th quarter valued at $66,000. 62.72% of the stock is currently owned by institutional investors and hedge funds.
Wynn Resorts Trading Down 3.1 %
Shares of Wynn Resorts stock opened at $61.73 on Friday. The company has a fifty day moving average price of $59.98 and a 200 day moving average price of $73.19. The stock has a market cap of $7.16 billion, a price-to-earnings ratio of -10.77 and a beta of 2.18. Wynn Resorts, Limited has a twelve month low of $50.20 and a twelve month high of $107.75.
Analyst Ratings Changes
Several analysts have recently issued reports on WYNN shares. UBS Group set a $67.00 price objective on shares of Wynn Resorts in a research note on Monday, June 20th. Wells Fargo & Company lowered their price objective on shares of Wynn Resorts from $97.00 to $79.00 in a research note on Wednesday, May 11th. Morgan Stanley lowered their price objective on shares of Wynn Resorts from $123.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, April 25th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Wynn Resorts from $123.00 to $92.00 in a research note on Wednesday, May 11th. Finally, Barclays started coverage on shares of Wynn Resorts in a research note on Tuesday, June 28th. They set an “equal weight” rating and a $62.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $96.88.
Wynn Resorts Profile
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.
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