Wynn Resorts, Limited (NASDAQ: WYNN) Shares purchased by Whittier Trust Co.


Whittier Trust Co. increased its stake in the shares of Wynn Resorts, Limited (NASDAQ:WYNNGet a rating) by 38.0% in Q1, according to its latest 13F filing with the Securities and Exchange Commission (SEC). The fund held 4,747 shares of the casino operator after buying an additional 1,307 shares during the period. Whittier Trust Co.’s holdings in Wynn Resorts were worth $379,000 when it last filed with the SEC.

Several other institutional investors have also recently changed their stock holdings. Capital Advisory Group Advisory Services LLC acquired a new position in Wynn Resorts in Q1 worth $25,000. UMB Bank NA MO acquired a new position in Wynn Resorts in Q4 worth $39,000. Nauset Wealth Management. LLC acquired a new position in Wynn Resorts in Q1 worth $44,000. Hexagon Capital Partners LLC acquired a new position in Wynn Resorts in Q4 worth $51,000. Finally, CWM LLC acquired a new position in Wynn Resorts in Q4 worth $66,000. 62.72% of the shares are currently held by institutional investors and hedge funds.

Wynn Resorts is trading down 3.1%

Shares of Action Wynn Resorts opened at $61.73 on Friday. The company has a fifty-day moving average price of $59.98 and a 200-day moving average price of $73.19. The stock has a market capitalization of $7.16 billion, a price-earnings ratio of -10.77 and a beta of 2.18. Wynn Resorts, Limited has a 12-month low of $50.20 and a 12-month high of $107.75.

Wynn Resorts (NASDAQ:WYNNGet a rating) last released its quarterly earnings data on Tuesday, May 10. The casino operator reported ($1.21) earnings per share for the quarter, missing analyst consensus estimates of ($1.15) by ($0.06). The company posted revenue of $953.40 million for the quarter, versus a consensus estimate of $986.35 million. Wynn Resorts’ revenues increased 31.4% compared to the same quarter last year. In the same period a year earlier, the company posted ($2.41) earnings per share. Analysts expect Wynn Resorts, Limited to post earnings per share of -3.16 for the current year.

Changes to analyst ratings

Several analysts have recently released reports on WYNN shares. UBS Group set a price target of $67.00 on Wynn Resorts shares in a Monday, June 20 research note. Wells Fargo & Company lowered its price target on Wynn Resorts stock from $97.00 to $79.00 in a Wednesday, May 11 research note. Morgan Stanley lowered its price target on Wynn Resorts shares from $123.00 to $90.00 and set an “overweight” rating for the company in a Monday, April 25 research note. Deutsche Bank Aktiengesellschaft lowered its price target on Wynn Resorts shares from $123.00 to $92.00 in a Wednesday May 11 research note. Finally, Barclays began covering Wynn Resorts shares in a research note on Tuesday, June 28. They set an “equal weight” rating and a price target of $62.00 for the company. One financial analyst has assigned the stock a sell rating, six have issued a hold rating and six have assigned the stock a buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $96.88.

Profile of Wynn Hotels

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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 lounges and aerial casinos; a luxury hotel tower with 1,706 rooms, suites and villas, including a health club, spa, salon and swimming pool; 14 food and beverage outlets; 107,000 square feet of retail space; 37,000 square feet of meeting and convention space; and floral art and performance lake exhibits.

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Institutional ownership by quarter for Wynn Resorts (NASDAQ:WYNN)

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