National Pension Service raised its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 120,547 shares of the casino operator’s stock after purchasing an additional 7,860 shares during the period. National Pension Service owned 0.11% of Wynn Resorts worth $14,879,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in WYNN. Vanguard Group Inc lifted its holdings in Wynn Resorts by 4.6% in the third quarter. Vanguard Group Inc now owns 9,850,529 shares of the casino operator’s stock valued at $1,251,608,000 after acquiring an additional 431,304 shares during the period. BlackRock Inc. lifted its holdings in Wynn Resorts by 0.4% in the fourth quarter. BlackRock Inc. now owns 6,187,633 shares of the casino operator’s stock valued at $612,019,000 after acquiring an additional 22,975 shares during the period. Capital International Investors increased its position in shares of Wynn Resorts by 33.3% in the third quarter. Capital International Investors now owns 2,290,118 shares of the casino operator’s stock valued at $290,982,000 after buying an additional 572,478 shares in the last quarter. Geode Capital Management LLC increased its position in shares of 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 buying an additional 91,738 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Wynn Resorts by 1.2% in the fourth quarter. Northern Trust Corp now owns 1,074,036 shares of the casino operator’s stock valued at $106,233,000 after buying an additional 13,233 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.
A number of research analysts have recently weighed in on WYNN shares. Deutsche Bank raised their price target on Wynn Resorts from $123.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, January 7th. Stifel Nicolaus raised their price target on Wynn Resorts from $138.00 to $141.00 and gave the company a “buy” rating in a research report on Wednesday, January 16th. Goldman Sachs Group started coverage on Wynn Resorts in a research report on Wednesday, April 10th. They issued a “neutral” rating and a $132.00 price target for the company. Nomura restated a “buy” rating and issued a $145.00 price target (up previously from $132.00) on shares of Wynn Resorts in a research report on Thursday, January 31st. Finally, Morgan Stanley lifted their price objective on Wynn Resorts from $122.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 6th. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $150.35.
Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Wednesday, January 30th. The casino operator reported $1.06 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.30). The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Wynn Resorts had a net margin of 8.70% and a return on equity of 47.05%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.40 EPS. Equities research analysts anticipate that Wynn Resorts, Limited will post 6.3 earnings per share for the current year.
In other news, CEO Matt Maddox sold 18,900 shares of Wynn Resorts stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $124.15, for a total value of $2,346,435.00. Following the transaction, the chief executive officer now directly owns 487,399 shares of the company’s stock, valued at approximately $60,510,585.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patricia Mulroy sold 425 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $118.02, for a total value of $50,158.50. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.
Wynn Resorts Profile
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.
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