WINTON GROUP Ltd Acquires New Holdings in Wynn Resorts, Limited (NASDAQ: WYNN)

WINTON GROUP Ltd acquired a new stake in Wynn Resorts, Limited (NASDAQ: WYNN – Get Rating) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 7,569 shares of the casino operator’s stock, valued at approximately $431,000.

Other large investors have also increased or decreased their stake in the company recently. First Horizon Advisors Inc. raised its stake in Wynn Resorts by 1,986.7% in the first quarter. After acquiring an additional 298 shares during the last quarter, First Horizon Advisors Inc. Now owns 313 shares of the casino operator’s stock valued at $25,000. Sierra Capital LLC acquired a new stake in Wynn Resorts in the second quarter valued at approximately $28,000. NuWave Investment Management LLC acquired a new stake in Wynn Resorts in the second quarter valued at approximately $29,000. Crave Advisors LLC increased its stake in Wynn Resorts to 68.0% in the second quarter. Crewe Advisors LLC now owns 504 shares of the casino operator’s stock valued at $29,000 after acquiring an additional 204 shares during the last quarter. Lastly, CI Investments Inc. raised its stake in Wynn Resorts to 8,333.3% in the first quarter. After acquiring an additional 500 shares during the last quarter, CI Investments Inc. Now owns 506 shares of the casino operator’s stock valued at $40,000. 64.69% of the stock is owned by institutional investors and hedge funds.

Indoor Activity at Wynn Resorts

In related news, Director Patricia Mulroy sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, September 19. The shares were sold at an average price of $66.14 for a total value of $132,280.00. Following the transaction, the director now holds 6,781 shares in the company, valued at $448,495.34. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which is available at this link. 0.62% of the stock is currently owned by insiders.

Wynn Resorts Price Display

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Shares of WYNN stock opened on Friday at $76.00. The firm has a market cap of $8.61 billion, a P/E ratio of -13.72, and a beta of 1.91. The 1-year low of Wynn Resorts, Limited is $50.20 and the 1-year high is $96.50. The firm’s 50-day simple moving average is $65.35 and its 200-day simple moving average is $62.95.

Wynn Resorts (NASDAQ: WYNN – Receive Rating) last posted its quarterly earnings results on Wednesday, November 9. The casino operator reported EPS of ($1.20) for the quarter, meeting consensus estimates ($1.20). The business’s revenue during the quarter was $889.70 million, compared with analysts’ expectations of $867.42 million. During the same quarter in the previous year, the business posted EPS of ($1.24). The company’s quarterly revenue was down 10.5% on a year-on-year basis. Analysts expect Wynn Resorts, Limited to post -4.42 earnings per share for the current fiscal year.

Wall Street analysts forecast growth

Several equity research analysts have issued reports on WYNN shares. Citigroup raised its price target 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 26. StockNews.com initiated coverage on shares of Wynn Resorts in a research note on Wednesday, October 12. They set a “Sell” rating on the stock. Deutsche Bank Aktiengesellschaft cut its 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 10. Credit Suisse Group raised shares of Wynn Resorts from a “neutral” rating to an “outperform” rating and set a $117.00 price target on the stock in a research note on Thursday, September 15. Finally, Wells Fargo & Company cut its 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 10. One analyst has rated the stock with Sell rating, five have Hold rating and seven have issued Buy rating to the stock. According to MarketBeat data, Wynn Resorts currently has an average rating of “Hold” and an average price target of $96.69.

Wynn Resorts Profile

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Wynn Resorts, Ltd. 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 Casino; 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 conference space; and exhibits display lake and floral art.

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Want to see what other hedge funds are holding WYNN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wynn Resorts, Limited (NASDAQ: WYNN – Get Rating).

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

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