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California Public Employees Retirement System increased its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 9.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 200,512 shares of the casino operator’s stock after acquiring an additional 16,910 shares during the period. California Public Employees Retirement System owned 0.18% of Wynn Resorts worth $33,554,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of WYNN. Cambridge Investment Research Advisors Inc. increased its holdings in Wynn Resorts by 100.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,814 shares of the casino operator’s stock valued at $1,790,000 after purchasing an additional 4,907 shares in the last quarter. Cetera Advisor Networks LLC increased its holdings in Wynn Resorts by 23.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 1,698 shares of the casino operator’s stock valued at $308,000 after purchasing an additional 325 shares in the last quarter. Federated Investors Inc. PA increased its holdings in Wynn Resorts by 4.9% during the 1st quarter. Federated Investors Inc. PA now owns 45,703 shares of the casino operator’s stock valued at $8,334,000 after purchasing an additional 2,151 shares in the last quarter. Toronto Dominion Bank increased its holdings in Wynn Resorts by 28.4% during the 1st quarter. Toronto Dominion Bank now owns 44,473 shares of the casino operator’s stock valued at $8,108,000 after purchasing an additional 9,827 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its holdings in Wynn Resorts by 14.9% during the 1st quarter. Stratos Wealth Partners LTD. now owns 2,531 shares of the casino operator’s stock valued at $462,000 after purchasing an additional 329 shares in the last quarter. 75.28% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently commented on WYNN. Bank of America reissued a “hold” rating and issued a $125.00 target price on shares of Wynn Resorts in a research note on Tuesday. BidaskClub cut Wynn Resorts from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 29th. ValuEngine cut Wynn Resorts from a “sell” rating to a “strong sell” rating in a research note on Friday, September 7th. Jefferies Financial Group cut Wynn Resorts from a “buy” rating to a “hold” rating and set a $170.00 price objective for the company. in a research note on Tuesday, August 14th. Finally, Credit Suisse Group began coverage on Wynn Resorts in a research note on Tuesday, August 14th. They set a “neutral” rating and a $155.00 price objective for the company. Three research badysts have rated the stock with a sell rating, eight have given a hold rating and eleven have badigned a buy rating to the company’s stock. Wynn Resorts presently has a consensus rating of “Hold” and a consensus price target of $187.00.
WYNN traded down $4.42 on Thursday, hitting $113.87. 1,662,000 shares of the company were exchanged, compared to its average volume of 3,111,729. Wynn Resorts, Limited has a 12 month low of $113.31 and a 12 month high of $203.63. The firm has a market capitalization of $13.80 billion, a PE ratio of 21.29, a PEG ratio of 0.84 and a beta of 1.41. The company has a debt-to-equity ratio of 4.47, a quick ratio of 1.04 and a current ratio of 1.08.
Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Wednesday, August 1st. The casino operator reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.43). The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.72 billion. Wynn Resorts had a return on equity of 69.17% and a net margin of 7.90%. The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.18 EPS. On average, research badysts forecast that Wynn Resorts, Limited will post 7.58 earnings per share for the current year.
Wynn Resorts Profile
Wynn Resorts, Limited develops, owns, and operates destination casino resorts. As of February 15, 2018, the company’s Wynn Macau segment had approximately 273,000 square feet of casino space, which offered 316 table games and 988 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel towers with a total of 1,008 guest rooms and suites; 8 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities comprising 2 health clubs, spas, a salon, and a pool; and a rotunda show, a Chinese zodiac-inspired ceiling.
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