abrdn plc reduced its position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,988 shares of the casino operator's stock after selling 4,258 shares during the quarter. abrdn plc's holdings in Wynn Resorts were worth $2,932,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fisher Asset Management LLC boosted its position in Wynn Resorts by 70.7% in the third quarter. Fisher Asset Management LLC now owns 3,971,846 shares of the casino operator's stock valued at $380,821,000 after buying an additional 1,644,965 shares in the last quarter. Holocene Advisors LP raised its position in Wynn Resorts by 27,868.5% in the third quarter. Holocene Advisors LP now owns 757,946 shares of the casino operator's stock valued at $72,672,000 after purchasing an additional 755,236 shares during the last quarter. Eagle Asset Management Inc. acquired a new stake in shares of Wynn Resorts during the third quarter valued at about $58,486,000. Weiss Asset Management LP bought a new stake in shares of Wynn Resorts during the third quarter worth about $19,753,000. Finally, Regal Partners Ltd increased its stake in shares of Wynn Resorts by 24.0% in the third quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator's stock valued at $86,168,000 after buying an additional 174,005 shares during the period. 88.64% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
WYNN has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of Wynn Resorts from $112.00 to $115.00 and gave the stock an "overweight" rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft decreased their price objective on Wynn Resorts from $122.00 to $118.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Macquarie reaffirmed an "outperform" rating and set a $120.00 target price on shares of Wynn Resorts in a report on Tuesday, November 5th. Jefferies Financial Group lowered their price objective on Wynn Resorts from $109.00 to $105.00 and set a "hold" rating for the company in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. upped their target price on Wynn Resorts from $101.00 to $113.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $118.00.
Check Out Our Latest Analysis on WYNN
Wynn Resorts Trading Up 2.9 %
Shares of WYNN traded up $2.24 during trading hours on Thursday, reaching $80.61. The stock had a trading volume of 7,536,534 shares, compared to its average volume of 2,625,922. The company has a market capitalization of $8.85 billion, a price-to-earnings ratio of 9.94, a P/E/G ratio of 2.32 and a beta of 1.76. The firm has a 50-day simple moving average of $85.77 and a 200 day simple moving average of $86.78. Wynn Resorts, Limited has a 12 month low of $71.63 and a 12 month high of $110.38.
Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $1.15. Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. On average, equities analysts forecast that Wynn Resorts, Limited will post 4.69 EPS for the current year.
About Wynn Resorts
(
Free Report)
Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.
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