First Trust Advisors LP Has $352,000 Stake in Wynn Resorts, Limited (WYNN)
First Trust Advisors LP reduced its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 92.7% during the third quarter, Holdings Channel reports. The institutional investor owned 3,617 shares of the casino operator’s stock after selling 45,738 shares during the period. First Trust Advisors LP’s holdings in Wynn Resorts, Limited were worth $352,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the company. Columbus Circle Investors bought a new position in shares of Wynn Resorts, Limited during the second quarter worth $64,835,000. Alps Advisors Inc. boosted its position in shares of Wynn Resorts, Limited by 3.1% in the second quarter. Alps Advisors Inc. now owns 262,208 shares of the casino operator’s stock worth $23,767,000 after buying an additional 7,960 shares in the last quarter. Pacific Heights Asset Management LLC boosted its position in shares of Wynn Resorts, Limited by 19.2% in the second quarter. Pacific Heights Asset Management LLC now owns 155,000 shares of the casino operator’s stock worth $14,049,000 after buying an additional 25,000 shares in the last quarter. Private Bank & Trust Co. boosted its position in shares of Wynn Resorts, Limited by 5.4% in the third quarter. Private Bank & Trust Co. now owns 13,800 shares of the casino operator’s stock worth $1,344,000 after buying an additional 710 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in Wynn Resorts, Limited by 44.3% in the second quarter. SG Americas Securities LLC now owns 115,171 shares of the casino operator’s stock valued at $10,439,000 after buying an additional 35,372 shares during the period. 74.65% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Wynn Resorts, Limited (NASDAQ:WYNN) traded down 1.53% during mid-day trading on Friday, reaching $90.53. The company’s stock had a trading volume of 1,527,135 shares. The firm has a market cap of $9.18 billion, a price-to-earnings ratio of 42.70 and a beta of 1.87. The firm has a 50 day moving average price of $93.71 and a 200 day moving average price of $95.37. Wynn Resorts, Limited has a 52-week low of $49.95 and a 52-week high of $109.50.
Wynn Resorts, Limited (NASDAQ:WYNN) last released its quarterly earnings data on Wednesday, November 2nd. The casino operator reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by $0.03. Wynn Resorts, Limited had a net margin of 5.24% and a return on equity of 3,973.99%. The business earned $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the business earned $0.86 earnings per share. The business’s quarterly revenue was up 11.4% on a year-over-year basis. On average, equities analysts predict that Wynn Resorts, Limited will post $3.82 EPS for the current fiscal year.
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Several research firms have weighed in on WYNN. Deutsche Bank AG reaffirmed a “hold” rating on shares of Wynn Resorts, Limited in a research note on Friday, September 16th. set a $97.00 target price on Wynn Resorts, Limited and gave the company a “sell” rating in a research note on Monday, September 19th. Vetr cut Wynn Resorts, Limited from a “strong-buy” rating to a “buy” rating and set a $110.77 target price on the stock. in a research note on Thursday, November 24th. Citigroup Inc. reaffirmed a “buy” rating on shares of Wynn Resorts, Limited in a research note on Wednesday, November 30th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Wynn Resorts, Limited in a research note on Friday, December 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Wynn Resorts, Limited has an average rating of “Hold” and a consensus target price of $101.26.
In other Wynn Resorts, Limited news, Director Daniel Boone Wayson acquired 37,500 shares of the business’s stock in a transaction dated Wednesday, December 14th. The stock was bought at an average cost of $93.83 per share, with a total value of $3,518,625.00. Following the completion of the transaction, the director now directly owns 92,010 shares in the company, valued at approximately $8,633,298.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kimmarie Sinatra sold 42,343 shares of the firm’s stock in a transaction that occurred on Tuesday, November 29th. The shares were sold at an average price of $99.77, for a total value of $4,224,561.11. Following the completion of the sale, the executive vice president now directly owns 143,472 shares of the company’s stock, valued at $14,314,201.44. The disclosure for this sale can be found here. 12.60% of the stock is owned by insiders.
Wynn Resorts, Limited Company Profile
Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company operates through two segments: Macau Operations and Las Vegas Operations.
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