Quantbot Technologies LP trimmed its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 43.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,175 shares of the casino operator’s stock after selling 1,649 shares during the quarter. Quantbot Technologies LP’s holdings in Wynn Resorts, Limited were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Wynn Resorts, Limited by 5,076.4% in the 1st quarter. BlackRock Inc. now owns 4,945,920 shares of the casino operator’s stock worth $566,852,000 after purchasing an additional 4,850,373 shares during the last quarter. JPMorgan Chase & Co. increased its position in Wynn Resorts, Limited by 128.1% in the second quarter. JPMorgan Chase & Co. now owns 819,007 shares of the casino operator’s stock worth $109,845,000 after buying an additional 459,916 shares during the period. OZ Management LP increased its position in Wynn Resorts, Limited by 24.8% in the first quarter. OZ Management LP now owns 2,132,012 shares of the casino operator’s stock worth $244,350,000 after buying an additional 423,658 shares during the period. Wellington Management Group LLP increased its position in Wynn Resorts, Limited by 134.1% in the first quarter. Wellington Management Group LLP now owns 565,881 shares of the casino operator’s stock worth $64,855,000 after buying an additional 324,175 shares during the period. Finally, FMR LLC increased its position in Wynn Resorts, Limited by 294.1% in the second quarter. FMR LLC now owns 409,967 shares of the casino operator’s stock worth $54,985,000 after buying an additional 305,945 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) opened at 147.07 on Tuesday. The stock has a market capitalization of $14.99 billion, a P/E ratio of 55.04 and a beta of 1.67. Wynn Resorts, Limited has a 52 week low of $82.51 and a 52 week high of $150.15. The company has a 50-day moving average price of $140.93 and a 200 day moving average price of $129.79.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its earnings results on Tuesday, July 25th. The casino operator reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 165.77%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the firm earned $1.07 earnings per share. The business’s quarterly revenue was up 44.5% on a year-over-year basis. Analysts forecast that Wynn Resorts, Limited will post $5.02 earnings per share for the current fiscal year.

In related news, President Matt Maddox sold 42,900 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $143.44, for a total value of $6,153,576.00. Following the completion of the sale, the president now owns 350,586 shares in the company, valued at approximately $50,288,055.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Clark T. Jr. Randt sold 3,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $129.00, for a total transaction of $387,000.00. Following the completion of the sale, the director now owns 7,711 shares of the company’s stock, valued at approximately $994,719. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,351 shares of company stock worth $9,621,369. Insiders own 13.20% of the company’s stock.

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Several brokerages have recently issued reports on WYNN. UBS AG reissued a “buy” rating on shares of Wynn Resorts, Limited in a report on Monday, July 10th. Vetr raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $146.26 price objective on the stock in a report on Friday, July 14th. BidaskClub upgraded shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Deutsche Bank AG raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and boosted their target price for the company from $138.00 to $150.00 in a research note on Tuesday, August 15th. Finally, Zacks Investment Research raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $162.00 target price for the company in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $134.28.

Wynn Resorts, Limited Company Profile

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.

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

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