New York State Teachers Retirement System Sells 6,607 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

New York State Teachers Retirement System lessened its holdings in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 7.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,058 shares of the casino operator's stock after selling 6,607 shares during the period. New York State Teachers Retirement System owned about 0.07% of Wynn Resorts worth $7,772,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hedges Asset Management LLC raised its holdings in Wynn Resorts by 20.6% during the third quarter. Hedges Asset Management LLC now owns 29,015 shares of the casino operator's stock worth $2,782,000 after buying an additional 4,950 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in Wynn Resorts by 3.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,030 shares of the casino operator's stock worth $1,153,000 after purchasing an additional 401 shares during the period. State of Alaska Department of Revenue raised its position in shares of Wynn Resorts by 4.7% in the third quarter. State of Alaska Department of Revenue now owns 10,861 shares of the casino operator's stock worth $1,041,000 after buying an additional 490 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Wynn Resorts by 3.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 12,356 shares of the casino operator's stock worth $1,231,000 after acquiring an additional 398 shares during the last quarter. Finally, Forsta AP Fonden boosted its position in Wynn Resorts by 609.7% during the third quarter. Forsta AP Fonden now owns 44,000 shares of the casino operator's stock valued at $4,219,000 after buying an additional 37,800 shares during the period. Institutional investors own 68.87% of the company's stock.

Wynn Resorts Stock Performance

Shares of NASDAQ WYNN traded down $8.93 during midday trading on Tuesday, reaching $86.72. 10,668,962 shares of the company's stock were exchanged, compared to its average volume of 2,146,636. The stock has a market capitalization of $9.63 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 2.48 and a beta of 1.80. The business's fifty day moving average price is $90.19 and its two-hundred day moving average price is $88.75. Wynn Resorts, Limited has a 52-week low of $71.63 and a 52-week high of $110.38.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.11). The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.73 billion. Wynn Resorts had a net margin of 12.22% and a negative return on equity of 53.84%. Wynn Resorts's quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 EPS. Analysts predict that Wynn Resorts, Limited will post 5.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WYNN has been the subject of several research reports. Barclays decreased their price objective on shares of Wynn Resorts from $125.00 to $119.00 and set an "overweight" rating for the company in a report on Tuesday. UBS Group upgraded shares of Wynn Resorts to a "hold" rating in a research report on Friday, August 23rd. Susquehanna raised their price objective on Wynn Resorts from $92.00 to $122.00 and gave the stock a "positive" rating in a research note on Friday, October 11th. Jefferies Financial Group reduced their price objective on shares of Wynn Resorts from $111.00 to $96.00 and set a "hold" rating on the stock in a research report on Thursday, July 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Wynn Resorts from $122.00 to $118.00 and set a "buy" rating for the company in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $115.71.

Insider Activity at Wynn Resorts

In related news, Director Patricia Mulroy sold 2,650 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $78.73, for a total transaction of $208,634.50. Following the completion of the transaction, the director now owns 5,689 shares in the company, valued at $447,894.97. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by corporate insiders.

About Wynn Resorts

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.