Raymond James Financial Services Advisors Inc. Boosts Stock Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Raymond James Financial Services Advisors Inc. grew its position in shares of Wynn Resorts, Limited (NASDAQ:WYNNGet Rating) by 7.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,881 shares of the casino operator’s stock after buying an additional 4,284 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Wynn Resorts were worth $4,026,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Xponance Inc. grew its holdings in shares of Wynn Resorts by 13.3% during the third quarter. Xponance Inc. now owns 14,479 shares of the casino operator’s stock valued at $913,000 after buying an additional 1,698 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Wynn Resorts by 0.6% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 282,229 shares of the casino operator’s stock valued at $17,789,000 after buying an additional 1,799 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new stake in shares of Wynn Resorts during the third quarter valued at approximately $284,000. Citadel Investment Advisory Inc. grew its holdings in shares of Wynn Resorts by 1.9% during the third quarter. Citadel Investment Advisory Inc. now owns 10,481 shares of the casino operator’s stock valued at $661,000 after buying an additional 200 shares during the last quarter. Finally, Tsfg LLC purchased a new stake in Wynn Resorts in the third quarter worth approximately $39,000. Hedge funds and other institutional investors own 70.95% of the company’s stock.

Insider Buying and Selling at Wynn Resorts

In other Wynn Resorts news, Director Betsy S. Atkins sold 5,707 shares of Wynn Resorts stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $83.65, for a total value of $477,390.55. Following the sale, the director now directly owns 6,690 shares in the company, valued at approximately $559,618.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.62% of the stock is currently owned by insiders.

Wynn Resorts Stock Performance

Shares of NASDAQ WYNN opened at $98.61 on Friday. The company has a market cap of $11.17 billion, a P/E ratio of -17.80 and a beta of 1.92. The firm’s fifty day moving average is $82.25 and its two-hundred day moving average is $68.99. Wynn Resorts, Limited has a 52-week low of $50.20 and a 52-week high of $99.77.

Wynn Resorts (NASDAQ:WYNNGet Rating) last announced its quarterly earnings results on Wednesday, November 9th. The casino operator reported ($1.20) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($1.20). The company had revenue of $889.70 million during the quarter, compared to the consensus estimate of $867.42 million. The business’s revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.24) earnings per share. As a group, analysts forecast that Wynn Resorts, Limited will post -4.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WYNN has been the topic of several research reports. Wells Fargo & Company upgraded shares of Wynn Resorts from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $74.00 to $101.00 in a report on Tuesday, January 3rd. Stifel Nicolaus lifted their price target on shares of Wynn Resorts from $85.00 to $109.00 in a research note on Wednesday, December 7th. Credit Suisse Group upgraded shares of Wynn Resorts from a “neutral” rating to an “outperform” rating and set a $117.00 price target on the stock in a research note on Thursday, September 15th. Morgan Stanley assumed coverage on shares of Wynn Resorts in a research note on Monday, November 21st. They set an “equal weight” rating and a $77.00 price target on the stock. Finally, Barclays lifted their price target on shares of Wynn Resorts from $75.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $99.23.

Wynn Resorts Company 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)

Receive News & Ratings for Wynn Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wynn Resorts and related companies with MarketBeat.com's FREE daily email newsletter.