Mizuho Asset Management Co. Ltd. increased its position in shares of Wynn Resorts Ltd. (NASDAQ:WYNN) by 176.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,266 shares of the casino operator’s stock after buying an additional 808 shares during the period. Mizuho Asset Management Co. Ltd.’s holdings in Wynn Resorts were worth $115,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its position in Wynn Resorts by 44.1% in the first quarter. IFP Advisors Inc now owns 1,069 shares of the casino operator’s stock worth $100,000 after buying an additional 327 shares during the last quarter. TLP Group LLC acquired a new position in Wynn Resorts during the second quarter worth about $114,000. Stratos Wealth Partners LTD. acquired a new position in Wynn Resorts during the first quarter worth about $205,000. Wedbush Securities Inc. acquired a new position in Wynn Resorts during the second quarter worth about $224,000. Finally, Weybosset Research & Management LLC boosted its position in Wynn Resorts by 17.6% in the second quarter. Weybosset Research & Management LLC now owns 2,661 shares of the casino operator’s stock worth $241,000 after buying an additional 399 shares during the last quarter. Institutional investors and hedge funds own 74.48% of the company’s stock.
Shares of Wynn Resorts Ltd. (NASDAQ:WYNN) traded up 0.97% during trading on Thursday, hitting $102.65. The stock had a trading volume of 790,409 shares. Wynn Resorts Ltd. has a 52 week low of $49.95 and a 52 week high of $109.50. The company has a market capitalization of $10.41 billion, a price-to-earnings ratio of 31.76 and a beta of 2.00. The company’s 50 day moving average price is $98.79 and its 200 day moving average price is $95.82.
Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Thursday, July 28th. The casino operator reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.16. The business earned $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. Wynn Resorts had a return on equity of 3,746.24% and a net margin of 7.67%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 EPS. Analysts predict that Wynn Resorts Ltd. will post $3.83 earnings per share for the current year.
A number of research analysts have issued reports on the company. Credit Agricole SA set a $97.00 target price on Wynn Resorts and gave the company a “sell” rating in a research note on Monday, September 19th. Deutsche Bank AG reissued a “hold” rating on shares of Wynn Resorts in a research note on Friday, September 16th. Susquehanna reissued a “neutral” rating and issued a $105.00 target price on shares of Wynn Resorts in a research note on Thursday, September 8th. Buckingham Research assumed coverage on Wynn Resorts in a research note on Friday, August 12th. They issued a “buy” rating and a $113.00 target price for the company. Finally, Vetr raised Wynn Resorts from a “buy” rating to a “strong-buy” rating and set a $112.54 target price for the company in a research note on Wednesday, August 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $99.91.
Wynn Resorts Company Profile
Wynn Resorts, Limited 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 operates through two segments: Macau Operations and Las Vegas Operations.
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