Two Sigma Advisers LP grew its stake in Wynn Resorts (NASDAQ:WYNN) by 1,046.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 242,467 shares of the casino operator’s stock after buying an additional 221,319 shares during the period. Two Sigma Advisers LP owned 0.24% of Wynn Resorts worth $40,878,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. Morgens Waterfall Vintiadis & Co. Inc. grew its stake in Wynn Resorts by 17.7% during the fourth quarter. Morgens Waterfall Vintiadis & Co. Inc. now owns 36,500 shares of the casino operator’s stock worth $6,154,000 after purchasing an additional 5,500 shares during the period. Guggenheim Capital LLC boosted its holdings in Wynn Resorts by 32.1% in the fourth quarter. Guggenheim Capital LLC now owns 291,578 shares of the casino operator’s stock worth $49,157,000 after acquiring an additional 70,803 shares in the last quarter. Virtue Capital Management LLC bought a new position in Wynn Resorts in the fourth quarter worth approximately $549,000. Franklin Resources Inc. bought a new position in Wynn Resorts in the fourth quarter worth approximately $9,525,000. Finally, Caxton Associates LP bought a new position in Wynn Resorts in the fourth quarter worth approximately $656,000. 70.30% of the stock is owned by institutional investors.
In other Wynn Resorts news, major shareholder Stephen A. Wynn sold 4,104,999 shares of the company’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $738,899,820.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 13.20% of the stock is owned by insiders.
Shares of NASDAQ WYNN traded down $2.75 during midday trading on Friday, reaching $178.49. The company had a trading volume of 2,809,602 shares, compared to its average volume of 3,075,744. Wynn Resorts has a one year low of $112.91 and a one year high of $203.63. The company has a current ratio of 1.77, a quick ratio of 1.74 and a debt-to-equity ratio of 8.87. The firm has a market cap of $18,696.19, a PE ratio of 32.69 and a beta of 1.40.
Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Monday, January 22nd. The casino operator reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. Wynn Resorts had a return on equity of 100.14% and a net margin of 11.85%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the company posted $0.50 EPS. Wynn Resorts’s revenue for the quarter was up 29.9% on a year-over-year basis. equities research analysts forecast that Wynn Resorts will post 7.77 earnings per share for the current fiscal year.
Several research analysts have issued reports on WYNN shares. TheStreet upgraded Wynn Resorts from a “c+” rating to a “b-” rating in a report on Tuesday, December 12th. Roth Capital raised their target price on Wynn Resorts from $167.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Gabelli restated a “buy” rating and issued a $230.00 target price on shares of Wynn Resorts in a report on Tuesday, January 23rd. Citigroup set a $228.00 price target on Wynn Resorts and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Finally, BidaskClub upgraded Wynn Resorts from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Wynn Resorts currently has an average rating of “Buy” and an average target price of $190.86.
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About Wynn Resorts
Wynn Resorts, Limited develops, owns, and operates destination casino resorts. As of February 15, 2018, the company's Wynn Macau segment had approximately 273,000 square feet of casino space, which offered 316 table games and 988 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel towers with a total of 1,008 guest rooms and suites; 8 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities comprising 2 health clubs, spas, a salon, and a pool; and a rotunda show, a Chinese zodiac-inspired ceiling.
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