Wynn Resorts, Limited $WYNN Shares Sold by Nightview Capital LLC

Nightview Capital LLC decreased its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 33.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,911 shares of the casino operator’s stock after selling 29,954 shares during the period. Wynn Resorts accounts for approximately 3.5% of Nightview Capital LLC’s holdings, making the stock its 5th biggest holding. Nightview Capital LLC owned about 0.06% of Wynn Resorts worth $7,685,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in WYNN. Norges Bank acquired a new position in shares of Wynn Resorts during the second quarter worth approximately $106,289,000. Palidye Holdings Caymans Ltd bought a new position in Wynn Resorts in the 2nd quarter worth approximately $104,629,000. Thrivent Financial for Lutherans lifted its holdings in Wynn Resorts by 6,391.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 748,769 shares of the casino operator’s stock worth $70,138,000 after buying an additional 737,234 shares in the last quarter. Greenwich Wealth Management LLC acquired a new position in Wynn Resorts during the 2nd quarter worth $46,845,000. Finally, Bamco Inc. NY boosted its position in Wynn Resorts by 56.5% in the 2nd quarter. Bamco Inc. NY now owns 1,337,236 shares of the casino operator’s stock valued at $125,259,000 after buying an additional 482,570 shares during the last quarter. Institutional investors own 88.64% of the company’s stock.

Wynn Resorts Stock Performance

Shares of NASDAQ WYNN opened at $114.21 on Thursday. The stock has a market cap of $11.87 billion, a P/E ratio of 25.55, a P/E/G ratio of 9.44 and a beta of 1.06. The firm has a 50 day moving average price of $120.49 and a 200 day moving average price of $119.90. Wynn Resorts, Limited has a 52-week low of $65.25 and a 52-week high of $134.72.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Thursday, November 6th. The casino operator reported $0.86 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.23). Wynn Resorts had a negative return on equity of 54.88% and a net margin of 7.09%.The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter last year, the business posted $0.90 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts predict that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WYNN. Wells Fargo & Company started coverage on Wynn Resorts in a research note on Tuesday, November 18th. They set an “overweight” rating and a $151.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on Wynn Resorts from $138.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, December 8th. The Goldman Sachs Group restated a “buy” rating and set a $148.00 target price on shares of Wynn Resorts in a research report on Monday, December 15th. UBS Group raised their target price on shares of Wynn Resorts from $147.00 to $148.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Finally, Texas Capital upgraded shares of Wynn Resorts to a “strong-buy” rating in a research report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Wynn Resorts currently has a consensus rating of “Moderate Buy” and an average target price of $140.15.

Wynn Resorts Company Profile

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.