First Allied Advisory Services Inc. cut its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 82.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,632 shares of the casino operator’s stock after selling 12,618 shares during the period. First Allied Advisory Services Inc.’s holdings in Wynn Resorts, Limited were worth $357,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in 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 acquiring an additional 246,476 shares during the last quarter. BlackRock Inc. lifted its holdings in Wynn Resorts, Limited by 5,076.4% in the first quarter. BlackRock Inc. now owns 4,945,920 shares of the casino operator’s stock valued at $566,852,000 after acquiring an additional 4,850,373 shares during the last quarter. State Street Corp lifted its holdings in Wynn Resorts, Limited by 0.8% in the first quarter. State Street Corp now owns 3,308,320 shares of the casino operator’s stock valued at $379,153,000 after acquiring an additional 26,867 shares during the last quarter. OZ Management LP lifted its holdings 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 valued at $244,350,000 after acquiring an additional 423,658 shares during the last quarter. Finally, Platinum Investment Management Ltd. lifted its holdings in Wynn Resorts, Limited by 0.7% in the first quarter. Platinum Investment Management Ltd. now owns 1,724,330 shares of the casino operator’s stock valued at $197,625,000 after acquiring an additional 11,600 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

WYNN has been the topic of a number of recent analyst reports. Instinet reiterated a “neutral” rating on shares of Wynn Resorts, Limited in a report on Monday, July 17th. Vetr upgraded 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. Sanford C. Bernstein reiterated an “outperform” rating on shares of Wynn Resorts, Limited in a report on Wednesday, July 12th. BidaskClub upgraded Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Finally, Deutsche Bank AG upgraded Wynn Resorts, Limited from a “hold” rating to a “buy” rating and upped their price objective for the company from $138.00 to $150.00 in a report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $134.28.

Wynn Resorts, Limited (WYNN) opened at 143.94 on Friday. The firm has a 50-day moving average of $142.34 and a 200 day moving average of $130.52. The firm has a market cap of $14.67 billion, a P/E ratio of 53.87 and a beta of 1.67. Wynn Resorts, Limited has a 1-year low of $82.51 and a 1-year high of $150.40.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.02. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.47 billion. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 165.77%. The company’s revenue was up 44.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.07 EPS. On average, analysts predict that Wynn Resorts, Limited will post $5.03 EPS for the current year.

In other news, Director Clark T. Jr. Randt sold 3,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $129.00, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Matt Maddox sold 42,900 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $143.44, for a total transaction of $6,153,576.00. Following the completion of the sale, the president now directly owns 350,586 shares of the company’s stock, valued at approximately $50,288,055.84. The disclosure for this sale can be found here. Insiders sold a total of 67,351 shares of company stock valued at $9,621,369 in the last three months. Insiders own 13.20% of the company’s stock.

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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.

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

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