5% Stake of Wynn Resorts, Limited (WYNN) Maintained by Southeastern Asset Management Inc

Southeastern Asset Management Inc

recently stated that they own 5% of Wynn Resorts, Limited (NASDAQ:WYNN) in a Form 13G/A disclosure that was filed with the Securities and Exchange Commission on Tuesday, October 10th. The investor owns 5,117,272 shares of the stock valued at $729,415,951. The reporting parties listed on the disclosure included Southeastern Asset Management, Inc ID No 620951781 and O Mason Hawkins ID No XXXXXXXXX. The disclosure is available through EDGAR at this hyperlink.

Other institutional investors have also added to or reduced their stakes in the company. FNY Partners Fund LP increased its stake in Wynn Resorts, Limited by 5,400.0% in the first quarter. FNY Partners Fund LP now owns 1,100 shares of the casino operator’s stock valued at $126,000 after purchasing an additional 1,080 shares during the last quarter. Reilly Financial Advisors LLC increased its stake in Wynn Resorts, Limited by 1,000.0% in the second quarter. Reilly Financial Advisors LLC now owns 1,100 shares of the casino operator’s stock valued at $148,000 after purchasing an additional 1,000 shares during the last quarter. Financial Architects Inc increased its stake in Wynn Resorts, Limited by 4.2% in the second quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock valued at $168,000 after purchasing an additional 50 shares during the last quarter. IFP Advisors Inc increased its stake in Wynn Resorts, Limited by 40.8% in the second quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock valued at $169,000 after purchasing an additional 365 shares during the last quarter. Finally, Hanseatic Management Services Inc. increased its stake in Wynn Resorts, Limited by 808.1% in the second quarter. Hanseatic Management Services Inc. now owns 1,462 shares of the casino operator’s stock valued at $196,000 after purchasing an additional 1,301 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

WYNN has been the subject of several analyst reports. Vetr upgraded Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $140.28 target price for the company in a research note on Thursday, June 29th. Sanford C. Bernstein reissued an “outperform” rating on shares of Wynn Resorts, Limited in a research report on Wednesday, July 12th. Telsey Advisory Group downgraded Wynn Resorts, Limited from an “outperform” rating to a “market perform” rating and set a $150.00 price target for the company. in a research report on Wednesday, July 26th. Morgan Stanley reissued an “overweight” rating and set a $151.00 price target (up previously from $133.00) on shares of Wynn Resorts, Limited in a research report on Monday, July 10th. Finally, Zacks Investment Research downgraded Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $134.28.

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Shares of Wynn Resorts, Limited (WYNN) traded down 0.58% on Tuesday, reaching $142.54. The company had a trading volume of 1,504,470 shares. The firm has a market capitalization of $14.53 billion, a PE ratio of 53.35 and a beta of 1.67. The company has a 50-day moving average price of $142.58 and a 200-day moving average price of $131.01. Wynn Resorts, Limited has a 52-week low of $82.51 and a 52-week high of $150.40.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its quarterly earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.02. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.47 billion. Wynn Resorts, Limited had a return on equity of 165.77% and a net margin of 5.02%. The firm’s revenue was up 44.5% compared to the same quarter last year. During the same period last year, the business posted $1.07 earnings per share. Equities research analysts forecast that Wynn Resorts, Limited will post $5.05 EPS for the current fiscal year.

In related news, EVP Kimmarie Sinatra sold 21,451 shares of Wynn Resorts, Limited stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $143.62, for a total transaction of $3,080,792.62. Following the sale, the executive vice president now directly owns 223,443 shares of the company’s stock, valued at $32,090,883.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Clark T. Jr. Randt sold 3,000 shares of Wynn Resorts, Limited stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $129.00, for a total value of $387,000.00. Following the sale, the director now directly owns 7,711 shares in the company, valued at $994,719. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,351 shares of company stock worth $9,621,369. 13.20% of the stock is currently owned by company insiders.

Wynn Resorts, Limited Profile

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.

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

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