L & S Advisors Inc boosted its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 12.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,426 shares of the casino operator’s stock after buying an additional 1,260 shares during the quarter. L & S Advisors Inc’s holdings in Wynn Resorts, Limited were worth $1,533,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Wynn Resorts, Limited by 0.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,932 shares of the casino operator’s stock valued at $796,000 after buying an additional 35 shares in the last quarter. Xact Kapitalforvaltning AB lifted its holdings in Wynn Resorts, Limited by 0.6% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 6,367 shares of the casino operator’s stock valued at $854,000 after buying an additional 39 shares in the last quarter. Global X Management Co. LLC lifted its holdings in Wynn Resorts, Limited by 2.1% during the 2nd quarter. Global X Management Co. LLC now owns 2,127 shares of the casino operator’s stock valued at $285,000 after buying an additional 43 shares in the last quarter. M&T Bank Corp lifted its holdings in Wynn Resorts, Limited by 1.3% during the 1st quarter. M&T Bank Corp now owns 3,883 shares of the casino operator’s stock valued at $445,000 after buying an additional 48 shares in the last quarter. Finally, Financial Architects Inc lifted its holdings in Wynn Resorts, Limited by 4.2% during the 2nd quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock valued at $168,000 after buying an additional 50 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This story was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this story on another site, it was stolen and republished in violation of U.S. & international copyright legislation. The legal version of this story can be read at https://www.watchlistnews.com/wynn-resorts-limited-wynn-shares-bought-by-l-s-advisors-inc/1601477.html.

In other news, Director Clark T. Jr. Randt sold 3,000 shares of Wynn Resorts, Limited stock in a transaction on Monday, July 31st. The stock was sold at an average price of $129.00, for a total transaction of $387,000.00. Following the completion of the transaction, the director now owns 7,711 shares of the company’s stock, valued at approximately $994,719. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kimmarie Sinatra sold 21,451 shares of Wynn Resorts, Limited stock in a transaction on Friday, September 15th. The stock was sold at an average price of $143.62, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 67,351 shares of company stock valued at $9,621,369 in the last ninety days. Corporate insiders own 13.20% of the company’s stock.

A number of brokerages recently weighed in on WYNN. UBS AG reiterated a “buy” rating and set a $174.00 price objective (up previously from $149.00) on shares of Wynn Resorts, Limited in a report on Friday. Zacks Investment Research upgraded shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $162.00 price objective for the company in a report on Tuesday, September 26th. Deutsche Bank AG raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and raised their target price for the company from $138.00 to $150.00 in a research report on Tuesday, August 15th. Vetr raised shares of Wynn Resorts, Limited from a “buy” rating to a “strong-buy” rating and set a $146.26 target price on the stock in a research report on Thursday, July 27th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $134.00 target price (up previously from $128.00) on shares of Wynn Resorts, Limited in a research report on Wednesday, July 26th. One 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 company. Wynn Resorts, Limited has a consensus rating of “Hold” and a consensus target price of $133.87.

Wynn Resorts, Limited (NASDAQ WYNN) traded up 3.14% during midday trading on Friday, hitting $148.92. 3,214,995 shares of the stock were exchanged. Wynn Resorts, Limited has a one year low of $82.51 and a one year high of $150.15. The firm has a 50-day moving average price of $136.42 and a 200-day moving average price of $126.96. The stock has a market cap of $15.18 billion, a P/E ratio of 55.73 and a beta of 1.69.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its quarterly earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.02. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.47 billion. Wynn Resorts, Limited had a return on equity of 165.77% and a net margin of 5.02%. The business’s revenue was up 44.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.07 EPS. On average, equities research analysts anticipate that Wynn Resorts, Limited will post $4.90 EPS for the current fiscal year.

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)

Receive News & Ratings for Wynn Resorts Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wynn Resorts Limited and related companies with Analyst Ratings Network's FREE daily email newsletter.