Cookson Peirce & Co. Inc. lifted its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,230 shares of the casino operator’s stock after purchasing an additional 40 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Wynn Resorts, Limited were worth $433,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in WYNN. JPMorgan Chase & Co. grew its holdings in shares of Wynn Resorts, Limited by 128.1% in the second quarter. JPMorgan Chase & Co. now owns 819,007 shares of the casino operator’s stock valued at $109,845,000 after purchasing an additional 459,916 shares during the period. Maverick Capital Ltd. grew its holdings in shares of Wynn Resorts, Limited by 36.9% in the second quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator’s stock valued at $169,024,000 after purchasing an additional 339,550 shares during the period. FMR LLC grew its holdings in shares of Wynn Resorts, Limited by 294.1% in the second quarter. FMR LLC now owns 409,967 shares of the casino operator’s stock valued at $54,985,000 after purchasing an additional 305,945 shares during the period. Capital Growth Management LP purchased a new stake in shares of Wynn Resorts, Limited in the second quarter valued at about $36,212,000. Finally, Vanguard Group Inc. grew its holdings in shares of Wynn Resorts, Limited by 3.1% in the second quarter. Vanguard Group Inc. now owns 8,264,810 shares of the casino operator’s stock valued at $1,108,476,000 after purchasing an additional 246,476 shares during the period. 70.80% of the stock is owned by hedge funds and other institutional investors.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) traded up 0.12% during mid-day trading on Tuesday, reaching $146.99. 322,916 shares of the company traded hands. The company has a market capitalization of $14.98 billion, a P/E ratio of 55.01 and a beta of 1.67. Wynn Resorts, Limited has a 52-week low of $82.51 and a 52-week high of $150.40. The firm’s 50 day moving average price is $143.64 and its 200-day moving average price is $131.82.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a return on equity of 121.81% and a net margin of 6.98%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the business earned $1.07 EPS. The company’s revenue for the quarter was up 44.5% on a year-over-year basis. Equities analysts predict that Wynn Resorts, Limited will post $5.08 earnings per share for the current fiscal year.

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In related news, EVP Kimmarie Sinatra sold 21,451 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $143.62, for a total transaction of $3,080,792.62. Following the transaction, the executive vice president now directly owns 223,443 shares of the company’s stock, valued at approximately $32,090,883.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Clark T. Jr. Randt sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $129.00, for a total value of $387,000.00. Following the transaction, the director now directly owns 7,711 shares in the company, valued at $994,719. The disclosure for this sale can be found here. Insiders have sold a total of 67,351 shares of company stock worth $9,621,369 over the last three months. 13.20% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently issued reports on WYNN shares. Instinet reissued a “neutral” rating and issued a $137.00 price objective (up previously from $130.00) on shares of Wynn Resorts, Limited in a report on Monday, June 19th. Vetr raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $140.28 price objective for the company in a report on Thursday, June 29th. Morgan Stanley reissued an “overweight” rating and issued a $151.00 price objective (up previously from $133.00) on shares of Wynn Resorts, Limited in a report on Monday, July 10th. UBS AG reissued a “buy” rating on shares of Wynn Resorts, Limited in a report on Monday, July 10th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Wynn Resorts, Limited in a report on Wednesday, July 12th. Twelve analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Wynn Resorts, Limited presently has a consensus rating of “Buy” and an average price target of $136.76.

About Wynn Resorts, Limited

Wynn Resorts, Limited (Wynn Resorts) 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’s segments include Macau Operations and Las Vegas Operations.

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

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