Chevy Chase Trust Holdings Inc. grew its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,701 shares of the casino operator’s stock after buying an additional 4,537 shares during the quarter. Chevy Chase Trust Holdings Inc. owned approximately 0.16% of Wynn Resorts worth $23,783,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in Wynn Resorts by 128.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 819,007 shares of the casino operator’s stock valued at $109,845,000 after buying an additional 459,916 shares during the last quarter. Maverick Capital Ltd. grew its stake in Wynn Resorts by 36.9% in the 2nd quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator’s stock valued at $169,024,000 after buying an additional 339,550 shares during the last quarter. FMR LLC grew its stake in Wynn Resorts by 294.1% in the 2nd quarter. FMR LLC now owns 409,967 shares of the casino operator’s stock valued at $54,985,000 after buying an additional 305,945 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in Wynn Resorts by 107.1% in the 2nd quarter. Lord Abbett & CO. LLC now owns 525,254 shares of the casino operator’s stock valued at $70,447,000 after buying an additional 271,575 shares during the last quarter. Finally, Capital Growth Management LP acquired a new position in Wynn Resorts in the 2nd quarter valued at about $36,212,000. 71.95% of the stock is currently owned by hedge funds and other institutional investors.
Wynn Resorts, Limited (NASDAQ:WYNN) traded down $4.29 on Tuesday, hitting $164.30. 2,579,944 shares of the company were exchanged, compared to its average volume of 1,958,000. The company has a debt-to-equity ratio of 24.54, a current ratio of 1.72 and a quick ratio of 1.68. Wynn Resorts, Limited has a one year low of $86.20 and a one year high of $171.06. The company has a market capitalization of $16,890.00, a price-to-earnings ratio of 45.51 and a beta of 1.73.
Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Thursday, October 26th. The casino operator reported $1.52 EPS for the quarter, topping the consensus estimate of $1.28 by $0.24. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.56 billion. Wynn Resorts had a net margin of 6.24% and a return on equity of 132.96%. The company’s revenue for the quarter was up 45.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 earnings per share. analysts predict that Wynn Resorts, Limited will post 5.36 earnings per share for the current year.
In other Wynn Resorts news, Director Alvin V. Shoemaker sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $151.74, for a total value of $2,276,100.00. Following the completion of the transaction, the director now owns 19,162 shares of the company’s stock, valued at approximately $2,907,641.88. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Matt Maddox sold 59,260 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $155.12, for a total transaction of $9,192,411.20. The disclosure for this sale can be found here. Insiders sold 95,055 shares of company stock valued at $14,629,975 in the last quarter. Corporate insiders own 13.20% of the company’s stock.
WYNN has been the topic of a number of analyst reports. TheStreet upgraded shares of Wynn Resorts from a “c+” rating to a “b-” rating in a research report on Tuesday, December 12th. UBS Group restated a “buy” rating and set a $174.00 target price (up previously from $149.00) on shares of Wynn Resorts in a research report on Friday, September 29th. Zacks Investment Research upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $162.00 target price on the stock in a research report on Tuesday, September 26th. Roth Capital began coverage on shares of Wynn Resorts in a report on Thursday, October 26th. They set a “buy” rating and a $163.00 price target for the company. Finally, Deutsche Bank set a $161.00 price objective on shares of Wynn Resorts and gave the company a “buy” rating in a research note on Monday, October 16th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Wynn Resorts has a consensus rating of “Buy” and a consensus price target of $151.67.
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Wynn Resorts 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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