Hanseatic Management Services Inc. raised its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 808.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,462 shares of the casino operator’s stock after acquiring an additional 1,301 shares during the quarter. Hanseatic Management Services Inc.’s holdings in Wynn Resorts, Limited were worth $196,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in WYNN. BlackRock Inc. lifted its stake in Wynn Resorts, Limited by 5,076.4% in the first quarter. BlackRock Inc. now owns 4,945,920 shares of the casino operator’s stock valued at $566,852,000 after acquiring an additional 4,850,373 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Wynn Resorts, Limited by 128.1% in the second quarter. JPMorgan Chase & Co. now owns 819,007 shares of the casino operator’s stock valued at $109,845,000 after acquiring an additional 459,916 shares during the last quarter. OZ Management LP lifted its stake in Wynn Resorts, Limited by 24.8% in the first quarter. OZ Management LP now owns 2,132,012 shares of the casino operator’s stock valued at $244,350,000 after acquiring an additional 423,658 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in Wynn Resorts, Limited by 142.5% in the first quarter. TIAA CREF Investment Management LLC now owns 599,398 shares of the casino operator’s stock valued at $68,697,000 after acquiring an additional 352,191 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Wynn Resorts, Limited by 134.1% in the first quarter. Wellington Management Group LLP now owns 565,881 shares of the casino operator’s stock valued at $64,855,000 after acquiring an additional 324,175 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

A number of analysts have commented on the stock. UBS AG cut shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Stifel Nicolaus restated a “hold” rating and set a $134.00 target price (up previously from $128.00) on shares of Wynn Resorts, Limited in a research note on Wednesday, July 26th. Telsey Advisory Group cut shares of Wynn Resorts, Limited from an “outperform” rating to a “market perform” rating and set a $150.00 target price for the company. in a research note on Wednesday, July 26th. Union Gaming Research restated a “hold” rating on shares of Wynn Resorts, Limited in a research note on Wednesday, July 26th. Finally, Instinet restated a “neutral” rating and set a $137.00 target price (up previously from $130.00) on shares of Wynn Resorts, Limited in a research note on Monday, June 19th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $130.24.

In other news, Director Clark T. Jr. Randt sold 3,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 7,711 shares in the company, valued at $994,719. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kimmarie Sinatra sold 21,451 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $143.62, for a total value of $3,080,792.62. Following the transaction, the executive vice president now owns 223,443 shares of the company’s stock, valued at $32,090,883.66. The disclosure for this sale can be found here. Insiders have sold 67,351 shares of company stock valued at $9,621,369 over the last 90 days. Corporate insiders own 13.20% of the company’s stock.

Wynn Resorts, Limited (NASDAQ:WYNN) opened at 144.91 on Monday. The firm has a market cap of $14.77 billion, a P/E ratio of 54.23 and a beta of 1.69. Wynn Resorts, Limited has a 12 month low of $82.51 and a 12 month high of $147.90. The stock has a 50 day moving average of $136.42 and a 200-day moving average of $126.96.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 EPS for the quarter, beating the consensus estimate of $1.16 by $0.02. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates 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 for the quarter was up 44.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 earnings per share. Equities research analysts predict that Wynn Resorts, Limited will post $4.90 earnings per share for the current fiscal year.

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Wynn Resorts, Limited Company 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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