State Street Corp Sells 32,830 Shares of Wynn Resorts, Limited (WYNN)

State Street Corp decreased its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,275,490 shares of the casino operator’s stock after selling 32,830 shares during the quarter. State Street Corp owned approximately 3.21% of Wynn Resorts, Limited worth $439,301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in WYNN. FNY Partners Fund LP boosted its position in shares of Wynn Resorts, Limited by 5,400.0% during the 1st quarter. FNY Partners Fund LP now owns 1,100 shares of the casino operator’s stock valued at $126,000 after acquiring an additional 1,080 shares during the last quarter. Reilly Financial Advisors LLC lifted its position in Wynn Resorts, Limited by 1,000.0% in the second quarter. Reilly Financial Advisors LLC now owns 1,100 shares of the casino operator’s stock valued at $148,000 after buying an additional 1,000 shares during the last quarter. Financial Architects Inc lifted its position in Wynn Resorts, Limited by 4.2% in the second quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock valued at $168,000 after buying an additional 50 shares during the last quarter. IFP Advisors Inc lifted its position in Wynn Resorts, Limited by 40.8% in the second quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock valued at $169,000 after buying an additional 365 shares during the last quarter. Finally, Hanseatic Management Services Inc. lifted its position in Wynn Resorts, Limited by 808.1% in the second quarter. Hanseatic Management Services Inc. now owns 1,462 shares of the casino operator’s stock valued at $196,000 after buying an additional 1,301 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

In other Wynn Resorts, Limited news, President Matt Maddox sold 42,900 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $143.44, for a total transaction of $6,153,576.00. Following the completion of the transaction, the president now owns 350,586 shares in the company, valued at approximately $50,288,055.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kimmarie Sinatra sold 21,451 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $143.62, for a total value of $3,080,792.62. Following the transaction, the executive vice president now owns 223,443 shares of the company’s stock, valued at approximately $32,090,883.66. The disclosure for this sale can be found here. Insiders have sold a total of 67,351 shares of company stock valued at $9,621,369 in the last 90 days. Insiders own 13.20% of the company’s stock.

A number of research analysts have commented on WYNN shares. Vetr raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $140.28 target price on the stock in a research report on Thursday, June 29th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Wynn Resorts, Limited in a research report on Wednesday, July 12th. Telsey Advisory Group cut shares of Wynn Resorts, Limited from an “outperform” rating to a “market perform” rating and set a $150.00 target price on the stock. in a research report on Wednesday, July 26th. Morgan Stanley reaffirmed an “overweight” rating and issued a $151.00 target price (up previously from $133.00) on shares of Wynn Resorts, Limited in a research report on Monday, July 10th. Finally, Zacks Investment Research cut shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $134.28.

Shares of Wynn Resorts, Limited (NASDAQ WYNN) opened at 141.15 on Friday. Wynn Resorts, Limited has a 12-month low of $82.51 and a 12-month high of $150.40. The stock has a 50 day moving average price of $143.15 and a 200 day moving average price of $131.39. The firm has a market capitalization of $14.39 billion, a P/E ratio of 52.83 and a beta of 1.67.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a return on equity of 165.77% and a net margin of 5.02%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the firm posted $1.07 EPS. The business’s revenue for the quarter was up 44.5% compared to the same quarter last year. Equities analysts anticipate that Wynn Resorts, Limited will post $5.07 earnings per share for the current fiscal year.

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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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