Aperio Group LLC Lowers Stake in Wynn Resorts, Limited (WYNN)

Aperio Group LLC cut its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,412 shares of the casino operator’s stock after selling 706 shares during the quarter. Aperio Group LLC’s holdings in Wynn Resorts were worth $5,262,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in WYNN. Allianz Asset Management GmbH grew its position in shares of Wynn Resorts by 11.8% in the first quarter. Allianz Asset Management GmbH now owns 57,917 shares of the casino operator’s stock valued at $10,561,000 after purchasing an additional 6,103 shares during the last quarter. Cerebellum GP LLC acquired a new stake in shares of Wynn Resorts in the second quarter valued at approximately $169,000. Gulf International Bank UK Ltd grew its position in shares of Wynn Resorts by 33.0% in the second quarter. Gulf International Bank UK Ltd now owns 1,762 shares of the casino operator’s stock valued at $294,000 after purchasing an additional 437 shares during the last quarter. DnB Asset Management AS acquired a new stake in shares of Wynn Resorts in the second quarter valued at approximately $1,752,000. Finally, XR Securities LLC acquired a new stake in shares of Wynn Resorts in the second quarter valued at approximately $207,000. Institutional investors and hedge funds own 75.58% of the company’s stock.

NASDAQ:WYNN opened at $112.63 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 4.47. The company has a market cap of $10.60 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 0.66 and a beta of 1.41. Wynn Resorts, Limited has a fifty-two week low of $92.50 and a fifty-two week high of $203.63.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Wednesday, August 1st. The casino operator reported $1.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.96 by ($0.43). The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Wynn Resorts had a return on equity of 69.17% and a net margin of 7.90%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.18 EPS. On average, equities analysts predict that Wynn Resorts, Limited will post 7.35 earnings per share for the current fiscal year.

Several research firms have recently commented on WYNN. Credit Suisse Group assumed coverage on shares of Wynn Resorts in a research report on Tuesday, August 14th. They issued a “neutral” rating and a $155.00 price target on the stock. ValuEngine downgraded shares of Wynn Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. Nomura reduced their price objective on shares of Wynn Resorts from $220.00 to $181.00 and set a “buy” rating on the stock in a research note on Monday, July 9th. Barclays reduced their price objective on shares of Wynn Resorts from $224.00 to $213.00 and set an “overweight” rating on the stock in a research note on Thursday, August 2nd. Finally, Stifel Nicolaus raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and reduced their price objective for the company from $209.00 to $207.00 in a research note on Tuesday, July 10th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. Wynn Resorts presently has a consensus rating of “Hold” and a consensus price target of $185.11.

Wynn Resorts Company Profile

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

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