Oppenheimer & Co. Inc. decreased its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN – Get Rating) by 23.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,813 shares of the casino operator’s stock after selling 4,971 shares during the period. Oppenheimer & Co. Inc.’s holdings in Wynn Resorts were worth $901,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of WYNN. Capital Advisory Group Advisory Services LLC acquired a new position in Wynn Resorts during the first quarter worth $25,000. First Horizon Advisors Inc. raised its holdings in Wynn Resorts by 1,986.7% during the first quarter. First Horizon Advisors Inc. now owns 313 shares of the casino operator’s stock worth $25,000 after buying an additional 298 shares during the last quarter. Sierra Capital LLC acquired a new position in Wynn Resorts during the second quarter worth $28,000. NuWave Investment Management LLC acquired a new position in Wynn Resorts during the second quarter worth $29,000. Finally, Crewe Advisors LLC raised its holdings in Wynn Resorts by 68.0% during the second quarter. Crewe Advisors LLC now owns 504 shares of the casino operator’s stock worth $29,000 after buying an additional 204 shares during the last quarter. Institutional investors and hedge funds own 64.69% of the company’s stock.
Insider Transactions at Wynn Resorts
In other news, Director Patricia Mulroy sold 2,000 shares of the stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $66.14, for a total value of $132,280.00. Following the sale, the director now directly owns 6,781 shares of the company’s stock, valued at $448,495.34. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.62% of the company’s stock.
Analyst Upgrades and Downgrades
Wynn Resorts Trading Up 0.1 %
Shares of NASDAQ:WYNN opened at $78.07 on Tuesday. Wynn Resorts, Limited has a twelve month low of $50.20 and a twelve month high of $99.00. The company has a 50-day moving average price of $64.02 and a two-hundred day moving average price of $62.72.
Wynn Resorts (NASDAQ:WYNN – Get Rating) last announced its quarterly earnings results on Wednesday, November 9th. The casino operator reported ($1.20) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($1.20). The firm had revenue of $889.70 million during the quarter, compared to analysts’ expectations of $867.42 million. During the same period in the previous year, the company posted ($1.24) earnings per share. The company’s quarterly revenue was down 10.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Wynn Resorts, Limited will post -4.18 EPS for the current fiscal year.
About Wynn Resorts
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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