WINTON GROUP Ltd bought a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN – Get Rating) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,569 shares of the casino operator’s stock, valued at approximately $431,000.
A number of other institutional investors also recently bought and sold shares of WYNN. First Horizon Advisors Inc. raised its stake 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 purchasing an additional 298 shares during the period. Sierra Capital LLC purchased a new position in Wynn Resorts during the second quarter worth about $28,000. NuWave Investment Management LLC purchased a new position in Wynn Resorts during the second quarter worth about $29,000. Crewe Advisors LLC raised its stake 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 purchasing an additional 204 shares during the period. Finally, CI Investments Inc. raised its stake in Wynn Resorts by 8,333.3% during the first quarter. CI Investments Inc. now owns 506 shares of the casino operator’s stock worth $40,000 after purchasing an additional 500 shares during the period. 64.69% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on WYNN. Barclays boosted their price target on shares of Wynn Resorts to $75.00 in a research note on Tuesday, November 15th. StockNews.com began coverage on shares of Wynn Resorts in a research note on Wednesday, October 12th. They issued a “sell” rating on the stock. Citigroup boosted their price target on shares of Wynn Resorts from $87.50 to $91.00 and gave the company a “buy” rating in a research note on Monday, September 26th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Wynn Resorts from $92.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, August 10th. Finally, Wells Fargo & Company reduced their price target on shares of Wynn Resorts from $77.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Wynn Resorts has an average rating of “Hold” and a consensus target price of $96.69.
Wynn Resorts Stock Down 2.6 %
Wynn Resorts (NASDAQ:WYNN – Get Rating) last posted its quarterly earnings results on Wednesday, November 9th. The casino operator reported ($1.20) EPS for the quarter, hitting the consensus estimate of ($1.20). The firm had revenue of $889.70 million for the quarter, compared to analyst estimates of $867.42 million. During the same quarter last year, the firm earned ($1.24) EPS. The company’s revenue was down 10.5% on a year-over-year basis. On average, equities research analysts expect that Wynn Resorts, Limited will post -4.42 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, Director Patricia Mulroy sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $66.14, for a total transaction of $132,280.00. Following the completion of the sale, the director now owns 6,781 shares in the company, valued at approximately $448,495.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.62% of the stock is currently owned by company insiders.
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.
- Get a free copy of the StockNews.com research report on Wynn Resorts (WYNN)
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