Andra AP fonden Acquires New Position in Wynn Resorts, Limited (NASDAQ:WYNN)

Andra AP fonden acquired a new stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,200 shares of the casino operator’s stock, valued at approximately $429,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Wynn Resorts, Limited by 83.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the casino operator’s stock valued at $117,000 after acquiring an additional 462 shares during the last quarter. FNY Partners Fund LP lifted its stake in Wynn Resorts, Limited by 5,400.0% in the first quarter. FNY Partners Fund LP now owns 1,100 shares of the casino operator’s stock worth $126,000 after purchasing an additional 1,080 shares during the last quarter. Reilly Financial Advisors LLC lifted its stake in Wynn Resorts, Limited by 1,000.0% in the second quarter. Reilly Financial Advisors LLC now owns 1,100 shares of the casino operator’s stock worth $148,000 after purchasing an additional 1,000 shares during the last quarter. Financial Architects Inc lifted its stake in Wynn Resorts, Limited by 4.2% in the second quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock worth $168,000 after purchasing an additional 50 shares during the last quarter. Finally, IFP Advisors Inc increased its position in shares of Wynn Resorts, Limited by 40.8% during the second quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock worth $169,000 after acquiring an additional 365 shares during the period. 70.79% of the stock is owned by institutional investors and hedge funds.

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A number of equities analysts have recently commented on WYNN shares. Vetr raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $140.28 target price on the stock in a research report on Thursday, June 29th. Sanford C. Bernstein reissued an “outperform” rating on shares of Wynn Resorts, Limited in a report on Wednesday, July 12th. Telsey Advisory Group lowered shares of Wynn Resorts, Limited from an “outperform” rating to a “market perform” rating and set a $150.00 price objective on the stock. in a report on Wednesday, July 26th. Morgan Stanley reissued an “overweight” rating and set a $151.00 price objective (up from $133.00) on shares of Wynn Resorts, Limited in a report on Monday, July 10th. Finally, Zacks Investment Research lowered shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a report on Monday, August 7th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $128.28.

In other Wynn Resorts, Limited news, Director Clark T. Jr. Randt sold 3,000 shares of the company’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 directly owns 7,711 shares of the company’s stock, valued at approximately $994,719. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.20% of the stock is currently owned by corporate insiders.

Wynn Resorts, Limited (NASDAQ:WYNN) opened at 143.99 on Friday. The stock has a market cap of $14.68 billion, a PE ratio of 53.89 and a beta of 1.69. Wynn Resorts, Limited has a 12-month low of $82.51 and a 12-month high of $147.50. The firm has a 50-day moving average of $135.04 and a 200-day moving average of $125.58.

Wynn Resorts, Limited (NASDAQ:WYNN) last posted its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 earnings per share 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 net margin of 5.02% and a return on equity of 165.77%. The company’s quarterly revenue was up 44.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.07 earnings per share. Equities analysts predict that Wynn Resorts, Limited will post $4.90 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 22nd. Shareholders of record on Thursday, August 10th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Tuesday, August 8th. Wynn Resorts, Limited’s payout ratio is 74.91%.

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.

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

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