Chiron Investment Management LLC Sells 30,500 Shares of Wynn Resorts, Limited (WYNN)

Chiron Investment Management LLC trimmed its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 30.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 69,800 shares of the casino operator’s stock after selling 30,500 shares during the period. Wynn Resorts, Limited comprises about 2.8% of Chiron Investment Management LLC’s portfolio, making the stock its 17th biggest position. Chiron Investment Management LLC owned 0.07% of Wynn Resorts, Limited worth $9,362,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Wynn Resorts, Limited during the first quarter worth approximately $1,893,000. Monetta Financial Services Inc. purchased a new stake in shares of Wynn Resorts, Limited during the second quarter worth approximately $1,542,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Wynn Resorts, Limited by 0.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 228,967 shares of the casino operator’s stock worth $30,709,000 after buying an additional 811 shares during the period. CIBC World Markets Inc. purchased a new stake in shares of Wynn Resorts, Limited during the second quarter worth approximately $5,666,000. Finally, State of Tennessee Treasury Department increased its stake in shares of Wynn Resorts, Limited by 50.7% during the second quarter. State of Tennessee Treasury Department now owns 77,983 shares of the casino operator’s stock worth $10,459,000 after buying an additional 26,248 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

A number of analysts recently weighed in on the stock. Stifel Nicolaus restated a “hold” rating and set a $134.00 target price (up from $128.00) on shares of Wynn Resorts, Limited in a research note on Wednesday, July 26th. Instinet restated a “neutral” rating and set a $137.00 target price (up from $130.00) on shares of Wynn Resorts, Limited in a research note on Monday, June 19th. BidaskClub lowered shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Bank of America Corporation restated a “neutral” rating and set a $140.00 target price (up from $135.00) on shares of Wynn Resorts, Limited in a research note on Friday, July 21st. Finally, UBS AG lowered shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Wynn Resorts, Limited currently has an average rating of “Hold” and an average target price of $134.28.

In other news, President Matt Maddox sold 42,900 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $143.44, for a total value of $6,153,576.00. Following the completion of the sale, the president now directly owns 350,586 shares in the company, valued at approximately $50,288,055.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Clark T. Jr. Randt sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $129.00, for a total value of $387,000.00. Following the completion of the sale, the director now owns 7,711 shares of the company’s stock, valued at $994,719. The disclosure for this sale can be found here. Insiders sold a total of 67,351 shares of company stock valued at $9,621,369 over the last quarter. Company insiders own 13.20% of the company’s stock.

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Shares of Wynn Resorts, Limited (NASDAQ:WYNN) traded up 1.03% during trading on Wednesday, hitting $144.01. 346,502 shares of the stock were exchanged. The stock’s 50 day moving average price is $142.77 and its 200 day moving average price is $131.23. The stock has a market cap of $14.77 billion, a PE ratio of 53.94 and a beta of 1.67. Wynn Resorts, Limited has a one year low of $82.51 and a one year 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 for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a return on equity of 165.77% and a net margin of 5.02%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the business earned $1.07 EPS. The business’s quarterly revenue was up 44.5% on a year-over-year basis. Equities research analysts predict that Wynn Resorts, Limited will post $5.05 EPS for the current year.

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.

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

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