Oppenheimer & Co. Inc. Has $901,000 Position in Wynn Resorts, Limited (NASDAQ:WYNN)

Oppenheimer & Co. Inc. decreased its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNNGet 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

Several analysts have recently issued reports on WYNN shares. Wells Fargo & Company reduced their target price on shares of Wynn Resorts from $77.00 to $74.00 and set an “equal weight” rating for the company in a research note on Thursday, November 10th. Jefferies Financial Group upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating in a research note on Monday, September 26th. Citigroup upped their target price on shares of Wynn Resorts from $87.50 to $91.00 and gave the stock a “buy” rating in a research note on Monday, September 26th. StockNews.com started coverage on shares of Wynn Resorts in a research note on Wednesday, October 12th. They issued a “sell” rating for the company. Finally, Barclays reduced their target price on shares of Wynn Resorts from $71.00 to $70.00 and set an “equal weight” rating for the company in a research note on Monday, October 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $96.31.

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:WYNNGet 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

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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.

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

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