Securian Asset Management Inc increased its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 14.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,028 shares of the casino operator’s stock after acquiring an additional 1,277 shares during the quarter. Securian Asset Management Inc’s holdings in Wynn Resorts were worth $1,274,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. raised its holdings in shares of Wynn Resorts by 12.6% in the second quarter. BlackRock Inc. now owns 5,723,598 shares of the casino operator’s stock valued at $957,788,000 after purchasing an additional 641,845 shares during the last quarter. FMR LLC increased its holdings in Wynn Resorts by 491.2% during the second quarter. FMR LLC now owns 625,891 shares of the casino operator’s stock worth $104,737,000 after buying an additional 520,025 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Wynn Resorts during the second quarter worth about $54,151,000. Wedge Capital Management L L P NC purchased a new stake in Wynn Resorts during the second quarter worth about $44,659,000. Finally, Criterion Capital Management LLC increased its holdings in Wynn Resorts by 267.2% during the second quarter. Criterion Capital Management LLC now owns 333,806 shares of the casino operator’s stock worth $55,859,000 after buying an additional 242,906 shares during the last quarter. 75.23% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently weighed in on WYNN. Nomura reduced their target price on shares of Wynn Resorts from $220.00 to $181.00 and set a “buy” rating for the company in a research note on Monday, July 9th. Morgan Stanley cut their price objective on shares of Wynn Resorts from $200.00 to $187.00 and set a “hold” rating for the company in a research report on Thursday, August 2nd. ValuEngine lowered shares of Wynn Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. Jefferies Financial Group restated a “buy” rating on shares of Wynn Resorts in a research report on Wednesday, August 1st. Finally, BidaskClub lowered shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $185.11.
Shares of Wynn Resorts stock opened at $110.57 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 4.47. The firm has a market cap of $12.13 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 0.76 and a beta of 1.56. Wynn Resorts, Limited has a 12-month low of $92.50 and a 12-month high of $203.63.
Wynn Resorts Company Profile
Wynn Resorts, Limited 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 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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