Victory Capital Management Inc. Boosts Position in Wynn Resorts, Limited (NASDAQ:WYNN)

Victory Capital Management Inc. grew its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNNGet Rating) by 1.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 355,015 shares of the casino operator’s stock after buying an additional 3,660 shares during the period. Victory Capital Management Inc.’s holdings in Wynn Resorts were worth $25,021,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its stake in Wynn Resorts by 49.0% in the first quarter. Commonwealth Equity Services LLC now owns 155,341 shares of the casino operator’s stock worth $12,386,000 after purchasing an additional 51,100 shares during the period. Envestnet Asset Management Inc. grew its stake in Wynn Resorts by 46.9% in the first quarter. Envestnet Asset Management Inc. now owns 13,328 shares of the casino operator’s stock worth $1,063,000 after purchasing an additional 4,256 shares during the period. Arizona State Retirement System grew its stake in Wynn Resorts by 2.2% in the first quarter. Arizona State Retirement System now owns 28,975 shares of the casino operator’s stock worth $2,310,000 after purchasing an additional 631 shares during the period. Cookson Peirce & Co. Inc. grew its stake in Wynn Resorts by 19.8% in the first quarter. Cookson Peirce & Co. Inc. now owns 7,561 shares of the casino operator’s stock worth $603,000 after purchasing an additional 1,250 shares during the period. Finally, Fusion Capital LLC grew its stake in Wynn Resorts by 5.3% in the first quarter. Fusion Capital LLC now owns 3,131 shares of the casino operator’s stock worth $250,000 after purchasing an additional 157 shares during the period. 62.72% of the stock is owned by hedge funds and other institutional investors.

Wynn Resorts Stock Performance

WYNN stock opened at $66.29 on Thursday. Wynn Resorts, Limited has a fifty-two week low of $50.20 and a fifty-two week high of $107.44. The business’s 50-day moving average is $60.17 and its two-hundred day moving average is $71.88. The company has a market cap of $7.69 billion, a price-to-earnings ratio of -11.57 and a beta of 2.15.

Wynn Resorts (NASDAQ:WYNNGet Rating) last posted its earnings results on Tuesday, May 10th. The casino operator reported ($1.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.15) by ($0.06). The business had revenue of $953.40 million during the quarter, compared to the consensus estimate of $986.35 million. During the same quarter last year, the company posted ($2.41) earnings per share. The business’s revenue for the quarter was up 31.4% compared to the same quarter last year. Equities analysts predict that Wynn Resorts, Limited will post -3.58 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on WYNN shares. Wells Fargo & Company reduced their price target on Wynn Resorts from $97.00 to $79.00 in a research note on Wednesday, May 11th. Citigroup dropped their target price on Wynn Resorts from $92.00 to $87.50 and set a “buy” rating on the stock in a report on Tuesday, July 5th. Morgan Stanley dropped their target price on Wynn Resorts from $123.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, April 25th. Barclays initiated coverage on Wynn Resorts in a report on Tuesday, June 28th. They issued an “equal weight” rating and a $62.00 target price on the stock. Finally, UBS Group set a $67.00 target price on Wynn Resorts in a report on Monday, June 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $96.88.

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.

See Also

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

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