Contravisory Investment Management Inc. Trims Stake in Wynn Resorts, Limited (WYNN)

Contravisory Investment Management Inc. decreased its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 34.8% in the 4th quarter, HoldingsChannel reports. The firm owned 1,517 shares of the casino operator’s stock after selling 809 shares during the period. Contravisory Investment Management Inc.’s holdings in Wynn Resorts were worth $256,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of WYNN. Janus Henderson Group PLC lifted its stake in Wynn Resorts by 563.7% during the third quarter. Janus Henderson Group PLC now owns 507,249 shares of the casino operator’s stock valued at $75,540,000 after buying an additional 430,816 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in Wynn Resorts by 529.8% during the third quarter. Point72 Asset Management L.P. now owns 418,843 shares of the casino operator’s stock valued at $62,374,000 after buying an additional 352,343 shares in the last quarter. Maverick Capital Ltd. lifted its stake in Wynn Resorts by 36.9% during the second quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator’s stock valued at $169,024,000 after buying an additional 339,550 shares in the last quarter. FMR LLC lifted its stake in Wynn Resorts by 294.1% during the second quarter. FMR LLC now owns 409,967 shares of the casino operator’s stock valued at $54,985,000 after buying an additional 305,945 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its stake in Wynn Resorts by 107.1% during the second quarter. Lord Abbett & CO. LLC now owns 525,254 shares of the casino operator’s stock valued at $70,447,000 after buying an additional 271,575 shares in the last quarter. 71.96% of the stock is owned by institutional investors.

In other Wynn Resorts news, EVP Kimmarie Sinatra sold 20,795 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $152.03, for a total transaction of $3,161,463.85. Following the transaction, the executive vice president now owns 226,992 shares in the company, valued at $34,509,593.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Alvin V. Shoemaker sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $151.74, for a total value of $2,276,100.00. Following the transaction, the director now owns 19,162 shares in the company, valued at approximately $2,907,641.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,055 shares of company stock worth $14,629,975. Insiders own 13.20% of the company’s stock.

Wynn Resorts, Limited (WYNN) opened at $175.48 on Friday. The firm has a market cap of $18,040.00, a P/E ratio of 48.61 and a beta of 1.73. The company has a current ratio of 1.72, a quick ratio of 1.68 and a debt-to-equity ratio of 24.54. Wynn Resorts, Limited has a 52-week low of $90.51 and a 52-week high of $176.07.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Thursday, October 26th. The casino operator reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.24. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.56 billion. Wynn Resorts had a net margin of 6.24% and a return on equity of 132.96%. The company’s revenue for the quarter was up 45.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 earnings per share. equities analysts expect that Wynn Resorts, Limited will post 5.38 EPS for the current year.

A number of analysts have recently issued reports on the stock. Jefferies Group assumed coverage on shares of Wynn Resorts in a research report on Thursday. They issued a “buy” rating for the company. Barclays increased their price target on shares of Wynn Resorts from $148.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th. Citigroup increased their price target on shares of Wynn Resorts to $161.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. Zacks Investment Research raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $162.00 price target for the company in a research report on Tuesday, September 26th. Finally, Stifel Nicolaus increased their price target on shares of Wynn Resorts from $134.00 to $153.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Eleven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Wynn Resorts has an average rating of “Buy” and an average price target of $151.67.

TRADEMARK VIOLATION WARNING: “Contravisory Investment Management Inc. Trims Stake in Wynn Resorts, Limited (WYNN)” was published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.tickerreport.com/banking-finance/3145288/contravisory-investment-management-inc-trims-stake-in-wynn-resorts-limited-wynn.html.

About Wynn Resorts

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.

Want to see what other hedge funds are holding WYNN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wynn Resorts, Limited (NASDAQ:WYNN).

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

Receive News & Ratings for Wynn Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wynn Resorts and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.