Kestra Private Wealth Services LLC Sells 220 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Kestra Private Wealth Services LLC trimmed its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNNGet Rating) by 2.4% in the first quarter, Holdings Channel.com reports. The firm owned 9,093 shares of the casino operator’s stock after selling 220 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Wynn Resorts were worth $725,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Mystic Asset Management Inc. bought a new stake in Wynn Resorts in the 4th quarter valued at $538,000. Valeo Financial Advisors LLC raised its stake in shares of Wynn Resorts by 54.1% in the 1st quarter. Valeo Financial Advisors LLC now owns 6,563 shares of the casino operator’s stock valued at $523,000 after purchasing an additional 2,303 shares during the period. Aigen Investment Management LP raised its stake in shares of Wynn Resorts by 90.9% in the 1st quarter. Aigen Investment Management LP now owns 17,810 shares of the casino operator’s stock valued at $1,420,000 after purchasing an additional 8,480 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of Wynn Resorts by 17.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 20,784 shares of the casino operator’s stock valued at $1,657,000 after purchasing an additional 3,152 shares during the period. Finally, Hedges Asset Management LLC raised its stake in shares of Wynn Resorts by 7.9% in the 1st quarter. Hedges Asset Management LLC now owns 22,050 shares of the casino operator’s stock valued at $1,758,000 after purchasing an additional 1,620 shares during the period. 64.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on WYNN. UBS Group set a $67.00 price target on Wynn Resorts in a research report on Monday, June 20th. Deutsche Bank Aktiengesellschaft reduced their price target on Wynn Resorts from $92.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, August 10th. Wells Fargo & Company lowered their price target on shares of Wynn Resorts from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 11th. Barclays lifted their price target on shares of Wynn Resorts to $71.00 in a research note on Monday, August 15th. Finally, Credit Suisse Group raised Wynn Resorts from a “neutral” rating to an “outperform” rating and set a $117.00 price target for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $98.32.

Wynn Resorts Trading Up 0.3 %

WYNN stock opened at $65.42 on Monday. The firm has a market capitalization 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. The business’s 50 day simple moving average is $62.32 and its 200 day simple moving average is $66.14.

Wynn Resorts (NASDAQ:WYNNGet Rating) last posted its earnings results on Tuesday, August 9th. The casino operator reported ($0.82) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.94) by $0.12. The company had revenue of $908.83 million for the quarter, compared to analyst estimates of $980.84 million. The business’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.12) EPS. As a group, sell-side analysts predict that Wynn Resorts, Limited will post -3.7 EPS for the current fiscal year.

Insider Transactions at Wynn Resorts

In other news, Director Patricia Mulroy sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $67.11, for a total value of $134,220.00. Following the transaction, the director now owns 8,781 shares of the company’s stock, valued at $589,292.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.62% of the stock is currently owned by corporate insiders.

Wynn Resorts Profile

(Get Rating)

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

Want to see what other hedge funds are holding WYNN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wynn Resorts, Limited (NASDAQ:WYNNGet Rating).

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

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