Mirador Capital Partners LP raised its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,408 shares of the casino operator’s stock after buying an additional 171 shares during the period. Mirador Capital Partners LP’s holdings in Wynn Resorts were worth $1,862,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. CSat Investment Advisory L.P. raised its holdings in shares of Wynn Resorts by 128.8% in the 2nd quarter. CSat Investment Advisory L.P. now owns 476 shares of the casino operator’s stock valued at $60,000 after purchasing an additional 268 shares in the last quarter. Cookson Peirce & Co. Inc. boosted its holdings in shares of Wynn Resorts by 24.1% in the third quarter. Cookson Peirce & Co. Inc. now owns 5,325 shares of the casino operator’s stock valued at $579,000 after acquiring an additional 1,035 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Wynn Resorts by 1.0% during the third quarter. California State Teachers Retirement System now owns 167,311 shares of the casino operator’s stock worth $18,190,000 after buying an additional 1,665 shares in the last quarter. National Pension Service boosted its holdings in Wynn Resorts by 5.5% during the third quarter. National Pension Service now owns 136,789 shares of the casino operator’s stock worth $14,872,000 after buying an additional 7,141 shares in the last quarter. Finally, Intercontinental Wealth Advisors LLC purchased a new stake in Wynn Resorts during the third quarter worth about $77,000. 72.88% of the stock is owned by institutional investors.
A number of equities analysts have issued reports on the stock. Union Gaming Research cut shares of Wynn Resorts from a “buy” rating to a “hold” rating and cut their target price for the stock from $150.00 to $135.00 in a research report on Thursday, November 7th. BidaskClub upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. Deutsche Bank boosted their price objective on shares of Wynn Resorts from $144.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Wolfe Research upgraded shares of Wynn Resorts from a “peer perform” rating to an “outperform” rating and set a $176.00 target price for the company in a research note on Friday, January 10th. Finally, ValuEngine upgraded shares of Wynn Resorts from a “sell” rating to a “hold” rating in a research note on Monday, November 25th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Wynn Resorts presently has a consensus rating of “Buy” and a consensus price target of $140.94.
NASDAQ:WYNN traded down $0.86 on Friday, reaching $151.35. 59,505 shares of the company’s stock traded hands, compared to its average volume of 1,816,724. The company has a quick ratio of 1.05, a current ratio of 1.09 and a debt-to-equity ratio of 5.75. The stock has a 50-day simple moving average of $134.48 and a 200-day simple moving average of $122.41. The firm has a market cap of $16.34 billion, a PE ratio of 23.14, a P/E/G ratio of 2.81 and a beta of 2.08. Wynn Resorts, Limited has a 12 month low of $102.03 and a 12 month high of $152.74.
Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Wednesday, November 6th. The casino operator reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.73). The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.67 billion. Wynn Resorts had a net margin of 10.12% and a return on equity of 25.33%. Wynn Resorts’s revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.68 earnings per share. On average, equities analysts anticipate that Wynn Resorts, Limited will post 4.13 earnings per share for the current year.
In other news, CFO Craig Scott Billings sold 3,750 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $119.85, for a total transaction of $449,437.50. Following the completion of the transaction, the chief financial officer now owns 66,451 shares in the company, valued at $7,964,152.35. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Matt Maddox sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $122.47, for a total value of $3,061,750.00. Following the transaction, the chief executive officer now owns 407,107 shares of the company’s stock, valued at approximately $49,858,394.29. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,750 shares of company stock worth $6,515,688. 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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