Victory Capital Management Inc. Has $25.02 Million Stake in Wynn Resorts, Limited (NASDAQ:WYNN)

Victory Capital Management Inc. lifted its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNNGet Rating) by 1.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 355,015 shares of the casino operator’s stock after buying an additional 3,660 shares during the quarter. Victory Capital Management Inc. owned about 0.31% of Wynn Resorts worth $25,021,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of WYNN. Navalign LLC lifted its holdings in shares of Wynn Resorts by 1.5% in the 4th quarter. Navalign LLC now owns 8,099 shares of the casino operator’s stock worth $689,000 after purchasing an additional 121 shares in the last quarter. Institute for Wealth Management LLC. lifted its holdings in shares of Wynn Resorts by 1.9% in the 1st quarter. Institute for Wealth Management LLC. now owns 7,563 shares of the casino operator’s stock worth $603,000 after purchasing an additional 143 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Wynn Resorts by 1.1% in the 1st quarter. Mutual of America Capital Management LLC now owns 13,893 shares of the casino operator’s stock worth $1,108,000 after purchasing an additional 147 shares in the last quarter. Fusion Capital LLC lifted its holdings in shares of Wynn Resorts by 5.3% in the 1st quarter. Fusion Capital LLC now owns 3,131 shares of the casino operator’s stock worth $250,000 after purchasing an additional 157 shares in the last quarter. Finally, Regal Investment Advisors LLC lifted its holdings in shares of Wynn Resorts by 1.8% in the 4th quarter. Regal Investment Advisors LLC now owns 9,339 shares of the casino operator’s stock worth $794,000 after purchasing an additional 167 shares in the last quarter. Institutional investors and hedge funds own 62.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WYNN shares. Deutsche Bank Aktiengesellschaft cut their target price on Wynn Resorts from $123.00 to $92.00 in a report on Wednesday, May 11th. Morgan Stanley cut their target price on Wynn Resorts from $123.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, April 25th. UBS Group set a $67.00 price objective on Wynn Resorts in a research note on Monday, June 20th. Citigroup dropped their price objective on Wynn Resorts from $92.00 to $87.50 and set a “buy” rating on the stock in a research note on Tuesday, July 5th. Finally, Barclays started coverage on Wynn Resorts in a research note on Tuesday, June 28th. They set an “equal weight” rating and a $62.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $96.88.

Wynn Resorts Price Performance

NASDAQ WYNN opened at $66.29 on Thursday. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of -11.57 and a beta of 2.15. Wynn Resorts, Limited has a one year low of $50.20 and a one year high of $107.44. The business’s fifty day moving average is $60.17 and its 200-day moving average is $71.88.

Wynn Resorts (NASDAQ:WYNNGet Rating) last announced its quarterly earnings data on Tuesday, May 10th. The casino operator reported ($1.21) earnings per share for the quarter, missing the consensus estimate of ($1.15) by ($0.06). The company had revenue of $953.40 million during the quarter, compared to the consensus estimate of $986.35 million. During the same period in the prior year, the business posted ($2.41) earnings per share. The business’s revenue was up 31.4% compared to the same quarter last year. Research analysts expect that Wynn Resorts, Limited will post -3.58 EPS for the current fiscal year.

About Wynn Resorts

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Wynn Resorts, Limited designs, develops, and operates integrated resorts. Its Wynn Palace segment operates 424,000 square feet of casino space with 323 table games, 1,035 slot machines, private gaming salons, and sky casinos; a luxury hotel tower with 1,706 guest rooms, suites, and villas, including a health club, spa, salon, and pool; 14 food and beverage outlets; 107,000 square feet of retail space; 37,000 square feet of meeting and convention space; and performance lake and floral art displays.

See Also

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

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