J.W. Cole Advisors Inc. increased its stake in Wynn Resorts, Limited (NASDAQ:WYNN – Get Rating) by 8.6% during the 1st quarter, Holdings Channel reports. The firm owned 7,336 shares of the casino operator’s stock after purchasing an additional 581 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Wynn Resorts were worth $585,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of WYNN. Mystic Asset Management Inc. bought a new position in Wynn Resorts during the fourth quarter valued at approximately $538,000. Valeo Financial Advisors LLC grew its position in Wynn Resorts by 54.1% during the first quarter. Valeo Financial Advisors LLC now owns 6,563 shares of the casino operator’s stock valued at $523,000 after acquiring an additional 2,303 shares during the last quarter. Aigen Investment Management LP grew its position in Wynn Resorts by 90.9% during the first quarter. Aigen Investment Management LP now owns 17,810 shares of the casino operator’s stock valued at $1,420,000 after acquiring an additional 8,480 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in Wynn Resorts by 17.9% during the first quarter. Oppenheimer & Co. Inc. now owns 20,784 shares of the casino operator’s stock valued at $1,657,000 after acquiring an additional 3,152 shares during the last quarter. Finally, Hedges Asset Management LLC grew its position in Wynn Resorts by 7.9% during the first quarter. Hedges Asset Management LLC now owns 22,050 shares of the casino operator’s stock valued at $1,758,000 after acquiring an additional 1,620 shares during the last quarter. 64.69% of the stock is currently owned by institutional investors.
Insider Transactions at Wynn Resorts
In related news, Director Patricia Mulroy sold 2,000 shares of Wynn Resorts stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $67.11, for a total value of $134,220.00. Following the completion of the sale, the director now directly owns 8,781 shares in the company, valued at approximately $589,292.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.62% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Wynn Resorts Price Performance
WYNN opened at $65.42 on Monday. The stock has a 50-day moving average price of $62.32 and a 200-day moving average price of $66.14. The firm has a market cap of $7.44 billion, a PE ratio of -11.44 and a beta of 2.13. Wynn Resorts, Limited has a 1 year low of $50.20 and a 1 year high of $99.00.
Wynn Resorts (NASDAQ:WYNN – Get Rating) last posted its quarterly earnings results on Tuesday, August 9th. The casino operator reported ($0.82) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.94) by $0.12. The company had revenue of $908.83 million during the quarter, compared to analysts’ expectations of $980.84 million. Wynn Resorts’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.12) EPS. As a group, sell-side analysts anticipate that Wynn Resorts, Limited will post -3.7 EPS for the current year.
Wynn Resorts Company Profile
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.
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