Southeastern Asset Management Inc. TN lowered its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 31.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,724,341 shares of the casino operator’s stock after selling 3,134,596 shares during the quarter. Wynn Resorts, Limited accounts for about 9.9% of Southeastern Asset Management Inc. TN’s portfolio, making the stock its 3rd biggest holding. Southeastern Asset Management Inc. TN owned 6.60% of Wynn Resorts, Limited worth $901,868,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in WYNN. Cornerstone Capital Management Holdings LLC. raised its holdings in shares of Wynn Resorts, Limited by 442.1% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 75,048 shares of the casino operator’s stock worth $10,064,000 after acquiring an additional 61,203 shares during the period. Janus Henderson Group PLC raised its holdings in Wynn Resorts, Limited by 536.1% in the 2nd quarter. Janus Henderson Group PLC now owns 76,433 shares of the casino operator’s stock valued at $10,251,000 after buying an additional 64,418 shares during the period. Shelton Capital Management purchased a new stake in Wynn Resorts, Limited in the 2nd quarter valued at about $1,080,000. Macquarie Group Ltd. raised its holdings in Wynn Resorts, Limited by 125.5% in the 2nd quarter. Macquarie Group Ltd. now owns 301,779 shares of the casino operator’s stock valued at $40,475,000 after buying an additional 167,980 shares during the period. Finally, FUKOKU MUTUAL LIFE INSURANCE Co purchased a new stake in Wynn Resorts, Limited in the 2nd quarter valued at about $469,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

In other Wynn Resorts, Limited news, EVP Kimmarie Sinatra sold 21,451 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $143.62, for a total transaction of $3,080,792.62. Following the completion of the sale, the executive vice president now directly owns 223,443 shares in the company, valued at $32,090,883.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Clark T. Jr. Randt sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $129.00, for a total transaction of $387,000.00. Following 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 in the last 90 days. 13.20% of the stock is owned by corporate insiders.

A number of analysts have issued reports on WYNN shares. BidaskClub raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Instinet reaffirmed a “neutral” rating and issued a $137.00 price target (up from $130.00) on shares of Wynn Resorts, Limited in a report on Monday, June 19th. Vetr raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $140.28 price target for the company in a report on Thursday, June 29th. Morgan Stanley reaffirmed an “overweight” rating and issued a $151.00 price target (up from $133.00) on shares of Wynn Resorts, Limited in a report on Monday, July 10th. Finally, UBS AG reaffirmed a “buy” rating on shares of Wynn Resorts, Limited in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $134.69.

Wynn Resorts, Limited (NASDAQ:WYNN) traded up 1.12% during trading on Friday, hitting $142.33. The stock had a trading volume of 1,450,292 shares. Wynn Resorts, Limited has a 1-year low of $82.51 and a 1-year high of $150.40. The firm has a market cap of $14.51 billion, a price-to-earnings ratio of 53.27 and a beta of 1.67. The firm’s 50 day moving average is $143.38 and its 200 day moving average is $131.58.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.02. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Wynn Resorts, Limited had a return on equity of 165.77% and a net margin of 5.02%. The company’s revenue was up 44.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 EPS. On average, analysts anticipate that Wynn Resorts, Limited will post $5.08 earnings per share for the current year.

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About Wynn Resorts, Limited

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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