Barings LLC maintained its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,037 shares of the casino operator’s stock at the end of the 2nd quarter. Barings LLC’s holdings in Wynn Resorts, Limited were worth $4,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of WYNN. Vanguard Group Inc. grew its holdings in shares of Wynn Resorts, Limited by 3.1% in the second quarter. Vanguard Group Inc. now owns 8,264,810 shares of the casino operator’s stock valued at $1,108,476,000 after acquiring an additional 246,476 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Wynn Resorts, Limited by 5,076.4% in the first quarter. BlackRock Inc. now owns 4,945,920 shares of the casino operator’s stock valued at $566,852,000 after acquiring an additional 4,850,373 shares in the last quarter. State Street Corp grew its holdings in shares of Wynn Resorts, Limited by 0.8% in the first quarter. State Street Corp now owns 3,308,320 shares of the casino operator’s stock valued at $379,153,000 after acquiring an additional 26,867 shares in the last quarter. OZ Management LP grew its holdings in shares of Wynn Resorts, Limited by 24.8% in the first quarter. OZ Management LP now owns 2,132,012 shares of the casino operator’s stock valued at $244,350,000 after acquiring an additional 423,658 shares in the last quarter. Finally, Platinum Investment Management Ltd. grew its holdings in shares of Wynn Resorts, Limited by 0.7% in the first quarter. Platinum Investment Management Ltd. now owns 1,724,330 shares of the casino operator’s stock valued at $197,625,000 after acquiring an additional 11,600 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

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Several equities analysts have recently issued reports on the company. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $157.00 target price (up from $150.00) on shares of Wynn Resorts, Limited in a report on Monday. UBS AG reaffirmed a “buy” rating and issued a $174.00 target price (up from $149.00) on shares of Wynn Resorts, Limited in a report on Friday, September 29th. Zacks Investment Research raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $162.00 target price for the company in a report on Tuesday, September 26th. Deutsche Bank AG raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating and upped their target price for the company from $138.00 to $150.00 in a report on Tuesday, August 15th. Finally, Vetr raised Wynn Resorts, Limited from a “buy” rating to a “strong-buy” rating and set a $146.26 target price for the company in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $134.28.

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 shares were sold at an average price of $143.44, for a total value of $6,153,576.00. Following the sale, the president now owns 350,586 shares in the company, valued at approximately $50,288,055.84. 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 business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $129.00, for a total transaction of $387,000.00. Following the completion of the sale, the director now owns 7,711 shares in the company, valued at approximately $994,719. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,351 shares of company stock worth $9,621,369. Corporate insiders own 13.20% of the company’s stock.

Shares of Wynn Resorts, Limited (WYNN) traded up 1.3671% during midday trading on Thursday, hitting $148.9792. The company had a trading volume of 503,355 shares. The stock has a 50 day moving average price of $141.77 and a 200 day moving average price of $130.17. The firm has a market capitalization of $15.19 billion, a P/E ratio of 55.7557 and a beta of 1.67. Wynn Resorts, Limited has a 1-year low of $82.51 and a 1-year high of $150.40.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its quarterly earnings results on Tuesday, July 25th. The casino operator reported $1.18 EPS for the quarter, topping the consensus estimate of $1.16 by $0.02. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 165.77%. The business’s quarterly revenue was up 44.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.07 EPS. On average, equities analysts anticipate that Wynn Resorts, Limited will post $5.05 EPS for the current fiscal year.

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.

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

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