Asset Management One Co. Ltd. grew its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 12.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,827 shares of the casino operator’s stock after acquiring an additional 6,843 shares during the quarter. Asset Management One Co. Ltd. owned about 0.06% of Wynn Resorts worth $7,789,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Geode Capital Management LLC increased its stake in Wynn Resorts by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 1,286,319 shares of the casino operator’s stock valued at $127,010,000 after purchasing an additional 91,738 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Wynn Resorts in the first quarter worth about $603,000. Raymond James Financial Services Advisors Inc. increased its stake in shares of Wynn Resorts by 1.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 18,473 shares of the casino operator’s stock worth $2,204,000 after purchasing an additional 242 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Wynn Resorts by 6.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,663 shares of the casino operator’s stock worth $676,000 after purchasing an additional 324 shares during the period. Finally, TD Asset Management Inc. increased its stake in shares of Wynn Resorts by 57.7% in the first quarter. TD Asset Management Inc. now owns 55,851 shares of the casino operator’s stock worth $6,664,000 after purchasing an additional 20,441 shares during the period. 75.76% of the stock is owned by institutional investors and hedge funds.
WYNN stock opened at $108.25 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.00 and a debt-to-equity ratio of 5.00. The business’s 50-day simple moving average is $109.99 and its 200 day simple moving average is $123.17. The company has a market cap of $11.95 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 1.88 and a beta of 2.05. Wynn Resorts, Limited has a twelve month low of $90.06 and a twelve month high of $151.50.
Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Tuesday, August 6th. The casino operator reported $1.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.44. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.60 billion. Wynn Resorts had a return on equity of 34.98% and a net margin of 12.41%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.53 earnings per share. On average, equities research analysts anticipate that Wynn Resorts, Limited will post 5.92 EPS for the current year.
A number of equities analysts have recently commented on the company. BidaskClub lowered Wynn Resorts from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. Barclays dropped their price objective on Wynn Resorts from $157.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. UBS Group dropped their price objective on Wynn Resorts from $119.00 to $114.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 21st. Nomura decreased their target price on Wynn Resorts from $142.00 to $126.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Morgan Stanley decreased their target price on Wynn Resorts from $129.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $137.69.
In other Wynn Resorts news, CEO Matt Maddox sold 25,000 shares of Wynn Resorts stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $117.30, for a total transaction of $2,932,500.00. Following the sale, the chief executive officer now directly owns 459,185 shares of the company’s stock, valued at $53,862,400.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.58% of the stock is currently owned by insiders.
About Wynn Resorts
Wynn Resorts, Limited owns and operates destination casino resorts. As of February 20, 2019, the company's Wynn Palace segment had approximately 424,000 square feet of casino space, which offered 320 table games and 1,041 slot machines, private gaming salons, and sky casinos; a luxury hotel towers with 1,706 guest rooms, suites, and villas; 13 food and beverage outlets; 106,000 square feet of retail space; 37,000 square feet of meeting and convention space; recreation and leisure facilities comprising a gondola ride, health club, spa, salon, and pool; and public attractions, such as performance lake and floral art displays.
Recommended Story: What is the return on assets formula?
Receive News & Ratings for Wynn Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wynn Resorts and related companies with MarketBeat.com's FREE daily email newsletter.