Wynn Resorts, Limited (WYNN) Stake Increased by Teachers Advisors LLC

Teachers Advisors LLC grew its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 41.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 365,593 shares of the casino operator’s stock after acquiring an additional 107,438 shares during the quarter. Teachers Advisors LLC owned 0.36% of Wynn Resorts, Limited worth $49,033,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. FNY Partners Fund LP grew its position in shares of Wynn Resorts, Limited by 5,400.0% in the 1st quarter. FNY Partners Fund LP now owns 1,100 shares of the casino operator’s stock valued at $126,000 after purchasing an additional 1,080 shares during the period. Reilly Financial Advisors LLC grew its position in shares of Wynn Resorts, Limited by 1,000.0% in the 2nd quarter. Reilly Financial Advisors LLC now owns 1,100 shares of the casino operator’s stock valued at $148,000 after purchasing an additional 1,000 shares during the period. Financial Architects Inc grew its position in shares of Wynn Resorts, Limited by 4.2% in the 2nd quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock valued at $168,000 after purchasing an additional 50 shares during the period. IFP Advisors Inc grew its position in shares of Wynn Resorts, Limited by 40.8% in the 2nd quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock valued at $169,000 after purchasing an additional 365 shares during the period. Finally, Northside Capital Management LLC acquired a new position in shares of Wynn Resorts, Limited in the 2nd quarter valued at approximately $201,000. 70.79% of the stock is owned by institutional investors.

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WYNN has been the subject of several research analyst reports. Vetr upgraded Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $140.28 price objective for the company in a research report on Thursday, June 29th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Wynn Resorts, Limited in a research report on Wednesday, July 12th. Telsey Advisory Group lowered Wynn Resorts, Limited from an “outperform” rating to a “market perform” rating and set a $150.00 price objective for the company. in a research report on Wednesday, July 26th. Morgan Stanley reiterated an “overweight” rating and issued a $151.00 price objective (up from $133.00) on shares of Wynn Resorts, Limited in a research report on Monday, July 10th. Finally, Zacks Investment Research lowered Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $128.28.

Wynn Resorts, Limited (WYNN) opened at 143.22 on Friday. The firm has a market cap of $14.60 billion, a P/E ratio of 53.60 and a beta of 1.69. The firm’s 50-day moving average price is $135.48 and its 200-day moving average price is $125.93. Wynn Resorts, Limited has a 52-week low of $82.51 and a 52-week high of $147.50.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.02. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.47 billion. Wynn Resorts, Limited had a return on equity of 165.77% and a net margin of 5.02%. The company’s quarterly revenue was up 44.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.07 earnings per share. Equities research analysts expect that Wynn Resorts, Limited will post $4.90 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 22nd. Stockholders of record on Thursday, August 10th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $2.00 annualized dividend and a dividend yield of 1.40%. Wynn Resorts, Limited’s dividend payout ratio is 74.91%.

In other news, Director Clark T. Jr. Randt sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $129.00, for a total transaction of $387,000.00. Following the completion of the sale, the director now owns 7,711 shares in the company, valued at $994,719. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 13.20% of the company’s stock.

Wynn Resorts, Limited Company 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.

Institutional Ownership by Quarter for Wynn Resorts, Limited (NASDAQ:WYNN)

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