AHL Partners LLP acquired a new position in Wynn Resorts, Limited (NASDAQ:WYNN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,605 shares of the casino operator’s stock, valued at approximately $483,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Wynn Resorts, Limited by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 8,264,810 shares of the casino operator’s stock worth $1,108,476,000 after purchasing an additional 246,476 shares during the period. American Century Companies Inc. boosted its stake in shares of Wynn Resorts, Limited by 2.1% during the 2nd quarter. American Century Companies Inc. now owns 875,121 shares of the casino operator’s stock worth $117,371,000 after purchasing an additional 18,400 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Wynn Resorts, Limited by 128.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 819,007 shares of the casino operator’s stock worth $109,845,000 after purchasing an additional 459,916 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Wynn Resorts, Limited by 17.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 812,446 shares of the casino operator’s stock worth $108,964,000 after purchasing an additional 121,914 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of Wynn Resorts, Limited by 19.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 715,986 shares of the casino operator’s stock worth $96,028,000 after purchasing an additional 116,588 shares during the period. 70.80% of the stock is owned by institutional investors and hedge funds.

In related news, Director Clark T. Jr. Randt sold 3,000 shares of Wynn Resorts, Limited stock in a transaction that occurred on Monday, July 31st. The shares were 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 in the company, valued at $994,719. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Matt Maddox sold 42,900 shares of Wynn Resorts, Limited stock in a transaction that occurred 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 of the company’s stock, valued at approximately $50,288,055.84. The disclosure for this sale can be found here. Insiders sold 67,351 shares of company stock valued at $9,621,369 in the last quarter. 13.20% of the stock is owned by insiders.

A number of equities analysts recently commented on WYNN shares. Vetr raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $140.28 price target for the company in a research note on Thursday, June 29th. Morgan Stanley reaffirmed an “overweight” rating and set a $151.00 price target (up from $133.00) on shares of Wynn Resorts, Limited in a research note on Monday, July 10th. UBS AG reaffirmed a “buy” rating on shares of Wynn Resorts, Limited in a research note on Monday, July 10th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Wynn Resorts, Limited in a research note on Wednesday, July 12th. Finally, Instinet reaffirmed a “neutral” rating on shares of Wynn Resorts, Limited in a research note on Monday, July 17th. Twelve equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $137.52.

Wynn Resorts, Limited (NASDAQ:WYNN) opened at 144.44 on Friday. The company has a market cap of $14.72 billion, a price-to-earnings ratio of 54.06 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. The company’s 50 day moving average is $144.80 and its 200 day moving average is $132.67.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its quarterly earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 165.77%. 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 previous year, the firm earned $1.07 earnings per share. The firm’s quarterly revenue was up 44.5% on a year-over-year basis. Equities research analysts forecast that Wynn Resorts, Limited will post $5.07 EPS for the current year.

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Wynn Resorts, Limited 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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