Teacher Retirement System of Texas Has $1.21 Million Stake in Wynn Resorts, Limited $WYNN

Teacher Retirement System of Texas decreased its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 5.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 12,898 shares of the casino operator’s stock after selling 786 shares during the period. Teacher Retirement System of Texas’ holdings in Wynn Resorts were worth $1,208,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. AlphaQuest LLC acquired a new position in shares of Wynn Resorts during the 1st quarter valued at about $25,000. Dagco Inc. acquired a new position in shares of Wynn Resorts during the 1st quarter valued at about $25,000. Geneos Wealth Management Inc. increased its holdings in shares of Wynn Resorts by 69.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock valued at $32,000 after acquiring an additional 156 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Wynn Resorts during the 2nd quarter valued at about $43,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Wynn Resorts by 376.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,077 shares of the casino operator’s stock valued at $101,000 after acquiring an additional 851 shares during the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wynn Resorts Trading Up 3.2%

Shares of WYNN stock opened at $125.19 on Thursday. The stock has a 50 day moving average of $123.62 and a two-hundred day moving average of $106.80. Wynn Resorts, Limited has a 12 month low of $65.25 and a 12 month high of $134.23. The company has a market capitalization of $13.02 billion, a P/E ratio of 37.59, a P/E/G ratio of 4.94 and a beta of 1.31.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Thursday, August 7th. The casino operator reported $1.09 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.11). The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.74 billion. Wynn Resorts had a negative return on equity of 56.78% and a net margin of 5.51%.Wynn Resorts’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business earned $1.12 EPS. Sell-side analysts predict that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WYNN has been the topic of a number of analyst reports. Morgan Stanley increased their price objective on Wynn Resorts from $113.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, September 11th. The Goldman Sachs Group raised their target price on Wynn Resorts from $124.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Jefferies Financial Group raised their target price on Wynn Resorts from $130.00 to $133.00 and gave the company a “buy” rating in a report on Monday, August 11th. Macquarie raised their target price on Wynn Resorts from $110.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Finally, Barclays raised their target price on Wynn Resorts from $101.00 to $127.00 and gave the company an “overweight” rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.25.

Insider Activity at Wynn Resorts

In related news, Director Patricia Mulroy sold 4,438 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $125.00, for a total transaction of $554,750.00. Following the completion of the transaction, the director owned 3,066 shares in the company, valued at $383,250. This trade represents a 59.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by company insiders.

Wynn Resorts Company Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.