IFM Investors Pty Ltd grew its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 18.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,037 shares of the casino operator’s stock after acquiring an additional 788 shares during the period. IFM Investors Pty Ltd’s holdings in Wynn Resorts were worth $640,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC grew its holdings in shares of Wynn Resorts by 115.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 614 shares of the casino operator’s stock valued at $103,000 after acquiring an additional 329 shares in the last quarter. North Star Investment Management Corp. bought a new position in shares of Wynn Resorts in the 2nd quarter valued at about $122,000. Atlas Capital Advisors LLC bought a new position in shares of Wynn Resorts in the 2nd quarter valued at about $130,000. Dupont Capital Management Corp grew its holdings in shares of Wynn Resorts by 87.9% in the 2nd quarter. Dupont Capital Management Corp now owns 823 shares of the casino operator’s stock valued at $138,000 after acquiring an additional 385 shares in the last quarter. Finally, Cerebellum GP LLC bought a new position in shares of Wynn Resorts in the 2nd quarter valued at about $169,000. Institutional investors own 75.58% of the company’s stock.
Shares of WYNN stock opened at $97.60 on Wednesday. The company has a debt-to-equity ratio of 4.47, a current ratio of 1.08 and a quick ratio of 1.04. The company has a market cap of $10.92 billion, a price-to-earnings ratio of 17.83, a P/E/G ratio of 0.68 and a beta of 1.41. Wynn Resorts, Limited has a 12-month low of $92.50 and a 12-month high of $203.63.
Several brokerages have recently weighed in on WYNN. BidaskClub upgraded Wynn Resorts from a “hold” rating to a “buy” rating in a report on Tuesday, July 17th. Zacks Investment Research downgraded shares of Wynn Resorts from a “hold” rating to a “sell” rating in a research note on Monday, July 16th. Stifel Nicolaus upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating and cut their target price for the company from $209.00 to $207.00 in a research note on Tuesday, July 10th. Morgan Stanley cut their target price on shares of Wynn Resorts from $200.00 to $187.00 and set a “hold” rating for the company in a research note on Thursday, August 2nd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Wynn Resorts in a research note on Wednesday, August 1st. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $185.11.
Wynn Resorts Company Profile
Wynn Resorts, Limited develops, owns, and operates destination casino resorts. As of February 15, 2018, the company's Wynn Macau segment had approximately 273,000 square feet of casino space, which offered 316 table games and 988 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel towers with a total of 1,008 guest rooms and suites; 8 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities comprising 2 health clubs, spas, a salon, and a pool; and a rotunda show, a Chinese zodiac-inspired ceiling.
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