State of Tennessee Treasury Department boosted its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 50.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 77,983 shares of the casino operator’s stock after buying an additional 26,248 shares during the period. State of Tennessee Treasury Department owned approximately 0.08% of Wynn Resorts, Limited worth $10,459,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. grew its stake in shares of Wynn Resorts, Limited by 5,076.4% during the 1st quarter. BlackRock Inc. now owns 4,945,920 shares of the casino operator’s stock worth $566,852,000 after acquiring an additional 4,850,373 shares in the last quarter. OZ Management LP grew its stake in shares of Wynn Resorts, Limited by 24.8% during the 1st quarter. OZ Management LP now owns 2,132,012 shares of the casino operator’s stock worth $244,350,000 after acquiring an additional 423,658 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Wynn Resorts, Limited by 142.5% during the 1st quarter. TIAA CREF Investment Management LLC now owns 599,398 shares of the casino operator’s stock worth $68,697,000 after acquiring an additional 352,191 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Wynn Resorts, Limited by 134.1% during the 1st quarter. Wellington Management Group LLP now owns 565,881 shares of the casino operator’s stock worth $64,855,000 after acquiring an additional 324,175 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Wynn Resorts, Limited by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 8,018,334 shares of the casino operator’s stock worth $918,982,000 after acquiring an additional 263,601 shares in the last quarter. Hedge funds and other institutional investors own 70.79% of the company’s stock.

Several equities analysts have recently weighed in on WYNN shares. Instinet reaffirmed a “neutral” rating on shares of Wynn Resorts, Limited in a research note on Monday, July 17th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Wynn Resorts, Limited in a research note on Wednesday, May 24th. Vetr raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $146.26 price target for the company in a research note on Friday, July 14th. Barclays PLC raised shares of Wynn Resorts, Limited from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $87.00 to $144.00 in a research note on Friday, May 12th. Finally, BidaskClub raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $126.99.

Shares of Wynn Resorts, Limited (NASDAQ WYNN) opened at 143.38 on Thursday. The firm has a market cap of $14.62 billion, a P/E ratio of 53.66 and a beta of 1.69. The stock’s 50 day moving average price is $133.25 and its 200-day moving average price is $123.83. Wynn Resorts, Limited has a 12-month low of $82.51 and a 12-month high of $144.81.

Wynn Resorts, Limited (NASDAQ:WYNN) last posted its quarterly earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share for the quarter, topping the 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 company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company earned $1.07 EPS. The firm’s quarterly revenue was up 44.5% compared to the same quarter last year. On average, analysts predict that Wynn Resorts, Limited will post $4.90 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 22nd. Shareholders of record on Thursday, August 10th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $2.00 annualized dividend and a yield of 1.39%. Wynn Resorts, Limited’s dividend payout ratio is currently 74.91%.

In other Wynn Resorts, Limited news, EVP Kimmarie Sinatra sold 22,624 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $129.12, for a total value of $2,921,210.88. Following the completion of the transaction, the executive vice president now owns 221,067 shares in the company, valued at approximately $28,544,171.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Clark T. Jr. Randt sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $129.00, for a total value of $387,000.00. Following the completion of the transaction, the director now owns 7,711 shares of the company’s stock, valued at approximately $994,719. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,933 shares of company stock valued at $9,261,125. 13.20% of the stock is owned by corporate insiders.

WARNING: This report was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another domain, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this report can be read at https://www.thecerbatgem.com/2017/09/07/wynn-resorts-limited-wynn-shares-bought-by-state-of-tennessee-treasury-department.html.

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.

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, Limited (NASDAQ:WYNN)

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