Posted by Vincent Marion White on Jun 30th, 2018 // No Comments
United Capital Financial Advisers LLC purchased a new position in Wynn Resorts, Limited (NASDAQ:WYNN) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,441 shares of the casino operator’s stock, valued at approximately $263,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of WYNN. Silvant Capital Management LLC acquired a new stake in Wynn Resorts in the 1st quarter worth $104,000. Synovus Financial Corp acquired a new stake in shares of Wynn Resorts during the 1st quarter valued at about $147,000. Smithfield Trust Co. boosted its position in shares of Wynn Resorts by 1,818.2% during the 1st quarter. Smithfield Trust Co. now owns 1,055 shares of the casino operator’s stock valued at $193,000 after acquiring an additional 1,000 shares in the last quarter. Miles Capital Inc. acquired a new stake in shares of Wynn Resorts during the 1st quarter valued at about $202,000. Finally, FDx Advisors Inc. acquired a new stake in shares of Wynn Resorts during the 4th quarter valued at about $203,000. Institutional investors own 76.26% of the company’s stock. Get Wynn Resorts alerts:
In other Wynn Resorts news, Director Robert Jos Miller sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $191.73, for a total value of $1,917,300.00. Following the completion of the transaction, the director now directly owns 19,162 shares of the company’s stock, valued at $3,673,930.26. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink . Also, CEO Matt Maddox sold 18,450 shares of the business’s stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $191.09, for a total transaction of $3,525,610.50. The disclosure for this sale can be found here . Company insiders own 0.95% of the company’s stock. Several analysts have recently weighed in on the stock. Morgan Stanley reiterated a “hold” rating and set a $194.00 target price (up from $193.00) on shares of Wynn Resorts in a research report on Thursday, March 15th. Nomura lifted their target price on shares of Wynn Resorts from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, April 25th. Zacks Investment Research lowered shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Deutsche Bank decreased their target price on shares of Wynn Resorts from $221.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, March 14th. Finally, Jefferies Financial Group decreased their target price on shares of Wynn Resorts from $230.00 to $229.00 and set a “buy” rating on the stock in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $202.65.
Shares of Wynn Resorts opened at $167.34 on Friday, MarketBeat reports. Wynn Resorts, Limited has a 12-month low of $124.11 and a 12-month high of $203.63. The stock has a market cap of $17.80 billion, a P/E ratio of 30.65 and a beta of 1.40. The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 11.97.
Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Tuesday, April 24th. The casino operator reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.32. Wynn Resorts had a net margin of 6.75% and a return on equity of 101.01%. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period last year, the firm posted $1.24 EPS. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. equities research analysts expect that Wynn Resorts, Limited will post 8.56 EPS for the current fiscal year.
About Wynn Resorts
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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