AE Wealth Management LLC boosted its position in Wynn Resorts, Limited (NASDAQ:WYNN – Get Rating) by 4.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,198 shares of the casino operator’s stock after buying an additional 2,263 shares during the period. AE Wealth Management LLC’s holdings in Wynn Resorts were worth $4,305,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WYNN. American Century Companies Inc. increased its position in Wynn Resorts by 12.0% in the 1st quarter. American Century Companies Inc. now owns 9,786 shares of the casino operator’s stock valued at $780,000 after buying an additional 1,048 shares in the last quarter. MetLife Investment Management LLC increased its position in Wynn Resorts by 43.5% in the 1st quarter. MetLife Investment Management LLC now owns 33,369 shares of the casino operator’s stock valued at $2,661,000 after buying an additional 10,117 shares in the last quarter. Panagora Asset Management Inc. increased its position in Wynn Resorts by 147.2% in the 1st quarter. Panagora Asset Management Inc. now owns 12,728 shares of the casino operator’s stock valued at $1,015,000 after buying an additional 7,580 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Wynn Resorts by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,083 shares of the casino operator’s stock valued at $1,123,000 after buying an additional 872 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Wynn Resorts by 0.4% during the 1st quarter. BlackRock Inc. now owns 6,846,725 shares of the casino operator’s stock valued at $545,957,000 after purchasing an additional 30,460 shares during the last quarter. 70.95% of the stock is owned by institutional investors.
Wynn Resorts Trading Up 0.3 %
Wynn Resorts stock opened at $111.34 on Tuesday. Wynn Resorts, Limited has a 12 month low of $50.20 and a 12 month high of $117.17. The business’s 50 day simple moving average is $108.79 and its 200 day simple moving average is $90.24.
Insider Buying and Selling at Wynn Resorts
In other Wynn Resorts news, CEO Craig Scott Billings sold 10,310 shares of the business’s stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $102.35, for a total transaction of $1,055,228.50. Following the sale, the chief executive officer now owns 266,206 shares of the company’s stock, valued at approximately $27,246,184.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Wynn Resorts news, CEO Craig Scott Billings sold 10,310 shares of the business’s stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $102.35, for a total transaction of $1,055,228.50. Following the sale, the chief executive officer now owns 266,206 shares of the company’s stock, valued at approximately $27,246,184.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Julie Cameron-Doe sold 4,000 shares of the business’s stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $108.08, for a total transaction of $432,320.00. Following the sale, the chief financial officer now directly owns 65,970 shares in the company, valued at approximately $7,130,037.60. The disclosure for this sale can be found here. Insiders have sold 35,594 shares of company stock valued at $3,749,917 in the last 90 days. 0.48% of the stock is currently owned by company insiders.
Analyst Ratings Changes
WYNN has been the subject of a number of analyst reports. TheStreet upgraded Wynn Resorts from a “d+” rating to a “c-” rating in a research note on Tuesday, April 4th. Wells Fargo & Company lifted their price target on Wynn Resorts from $128.00 to $134.00 and gave the company an “overweight” rating in a research note on Thursday, April 13th. Deutsche Bank Aktiengesellschaft lifted their price target on Wynn Resorts from $128.00 to $134.00 and gave the company a “buy” rating in a research note on Wednesday, March 29th. Jefferies Financial Group lifted their price target on Wynn Resorts from $130.00 to $135.00 in a research note on Monday, March 13th. Finally, Credit Suisse Group boosted their target price on Wynn Resorts from $117.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, February 9th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Wynn Resorts has a consensus rating of “Moderate Buy” and a consensus price target of $109.18.
Wynn Resorts Company Profile
Wynn Resorts Ltd. is a holding company, which engages in the design, development, and operation of destination casino resorts. It operates through the following segments: Wynn Palace, Wynn Macau, Las Vegas Operations, Wynn Interactive and Encore Boston Harbor. The company was founded by Stephen Alan Wynn, Elaine P.
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