CENTRAL TRUST Co decreased its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 18.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,275 shares of the casino operator’s stock after selling 500 shares during the quarter. CENTRAL TRUST Co’s holdings in Wynn Resorts were worth $225,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. New Mexico Educational Retirement Board grew its holdings in Wynn Resorts by 2.7% in the 3rd quarter. New Mexico Educational Retirement Board now owns 7,594 shares of the casino operator’s stock valued at $965,000 after buying an additional 200 shares during the period. Stratos Wealth Partners LTD. grew its holdings in shares of Wynn Resorts by 21.3% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 2,567 shares of the casino operator’s stock worth $326,000 after purchasing an additional 450 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Wynn Resorts by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 14,140 shares of the casino operator’s stock worth $1,797,000 after purchasing an additional 453 shares during the period. Coastline Trust Co grew its holdings in shares of Wynn Resorts by 6.3% during the 3rd quarter. Coastline Trust Co now owns 7,905 shares of the casino operator’s stock worth $1,004,000 after purchasing an additional 470 shares during the period. Finally, Global X Management Co LLC grew its holdings in shares of Wynn Resorts by 19.7% during the 2nd quarter. Global X Management Co LLC now owns 2,980 shares of the casino operator’s stock worth $499,000 after purchasing an additional 490 shares during the period. Institutional investors own 75.02% of the company’s stock.
In other Wynn Resorts news, Director Philip G. Satre bought 9,800 shares of the business’s stock in a transaction on Tuesday, November 13th. The shares were bought at an average cost of $103.01 per share, with a total value of $1,009,498.00. Following the transaction, the director now directly owns 100 shares in the company, valued at approximately $10,301. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.95% of the company’s stock.
A number of analysts have recently issued reports on the company. Telsey Advisory Group decreased their target price on Wynn Resorts from $160.00 to $105.00 and set a “market perform” rating for the company in a report on Thursday, November 8th. Bank of America decreased their target price on Wynn Resorts from $125.00 to $114.00 and set a “neutral” rating for the company in a report on Thursday, November 8th. Credit Suisse Group decreased their target price on Wynn Resorts from $119.00 to $104.00 and set a “neutral” rating for the company in a report on Thursday, November 8th. ValuEngine cut Wynn Resorts from a “hold” rating to a “sell” rating in a report on Friday, December 7th. Finally, BidaskClub upgraded Wynn Resorts from a “sell” rating to a “hold” rating in a report on Monday, January 7th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Wynn Resorts presently has an average rating of “Hold” and a consensus target price of $163.63.
Wynn Resorts stock opened at $113.55 on Friday. The company has a market cap of $12.44 billion, a P/E ratio of 20.80, a P/E/G ratio of 0.90 and a beta of 1.44. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 5.65. Wynn Resorts, Limited has a one year low of $90.06 and a one year high of $203.63.
Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Wednesday, November 7th. The casino operator reported $1.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.69 by ($0.01). Wynn Resorts had a net margin of 8.92% and a return on equity of 56.04%. The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the company earned $1.52 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. Sell-side analysts expect that Wynn Resorts, Limited will post 6.8 EPS for the current year.
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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