Victory Capital Management Inc. Buys 619 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Victory Capital Management Inc. raised its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNNGet Rating) by 0.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 355,806 shares of the casino operator’s stock after purchasing an additional 619 shares during the period. Victory Capital Management Inc. owned 0.31% of Wynn Resorts worth $22,426,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. American Century Companies Inc. grew its stake in shares of Wynn Resorts by 12.0% during the 1st quarter. American Century Companies Inc. now owns 9,786 shares of the casino operator’s stock valued at $780,000 after acquiring an additional 1,048 shares during the period. MetLife Investment Management LLC boosted its position in shares of Wynn Resorts by 43.5% in the first quarter. MetLife Investment Management LLC now owns 33,369 shares of the casino operator’s stock worth $2,661,000 after purchasing an additional 10,117 shares during the period. Panagora Asset Management Inc. increased its stake in shares of Wynn Resorts by 147.2% in the first quarter. Panagora Asset Management Inc. now owns 12,728 shares of the casino operator’s stock worth $1,015,000 after purchasing an additional 7,580 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Wynn Resorts by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,083 shares of the casino operator’s stock valued at $1,123,000 after purchasing an additional 872 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Wynn Resorts by 0.4% during the 1st quarter. BlackRock Inc. now owns 6,846,725 shares of the casino operator’s stock valued at $545,957,000 after buying an additional 30,460 shares in the last quarter. Hedge funds and other institutional investors own 70.95% of the company’s stock.

Wynn Resorts Stock Up 1.0 %

NASDAQ:WYNN opened at $100.29 on Tuesday. The business has a 50 day simple moving average of $85.96 and a 200-day simple moving average of $71.19. Wynn Resorts, Limited has a 1 year low of $50.20 and a 1 year high of $100.93.

Wynn Resorts (NASDAQ:WYNNGet Rating) last posted its quarterly earnings data 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 analysts’ expectations of $867.42 million. During the same period in the previous year, the firm earned ($1.24) earnings per share. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. Research analysts anticipate that Wynn Resorts, Limited will post -4.51 EPS for the current fiscal year.

Insider Activity at Wynn Resorts

In other Wynn Resorts news, Director Betsy S. Atkins sold 5,707 shares of the firm’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $83.65, for a total value of $477,390.55. Following the completion of the sale, the director now owns 6,690 shares of the company’s stock, valued at $559,618.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.62% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WYNN. Bank of America increased their price target on Wynn Resorts from $85.00 to $90.00 in a research note on Wednesday, January 4th. Stifel Nicolaus boosted their price target on Wynn Resorts from $85.00 to $109.00 in a report on Wednesday, December 7th. JPMorgan Chase & Co. raised shares of Wynn Resorts from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $71.00 to $91.00 in a report on Monday, November 28th. Wells Fargo & Company raised shares of Wynn Resorts from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $74.00 to $101.00 in a report on Tuesday, January 3rd. Finally, StockNews.com upgraded shares of Wynn Resorts to a “sell” rating in a report on Monday, November 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.25.

Wynn Resorts Profile

(Get Rating)

Wynn Resorts Ltd. is a holding company, which engages in the design, development, and operation of destination casino resorts. It operates through the following segments: Wynn Palace, Wynn Macau, Las Vegas Operations, Wynn Interactive and Encore Boston Harbor. The company was founded by Stephen Alan Wynn, Elaine P.

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

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