Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 1,262.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,400 shares of the casino operator’s stock after acquiring an additional 46,700 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Wynn Resorts were worth $8,434,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. raised its holdings in Wynn Resorts by 12.6% in the second quarter. BlackRock Inc. now owns 5,723,598 shares of the casino operator’s stock worth $957,788,000 after buying an additional 641,845 shares during the last quarter. Winslow Capital Management LLC purchased a new position in Wynn Resorts in the first quarter worth about $184,340,000. Massachusetts Financial Services Co. MA raised its holdings in Wynn Resorts by 15.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,010,495 shares of the casino operator’s stock worth $169,096,000 after buying an additional 136,113 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Wynn Resorts by 8.6% in the second quarter. Bank of New York Mellon Corp now owns 735,421 shares of the casino operator’s stock worth $123,065,000 after buying an additional 58,243 shares during the last quarter. Finally, FMR LLC raised its holdings in Wynn Resorts by 491.2% in the second quarter. FMR LLC now owns 625,891 shares of the casino operator’s stock worth $104,737,000 after buying an additional 520,025 shares during the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.

WYNN opened at $135.28 on Friday. The company has a debt-to-equity ratio of 4.47, a current ratio of 1.08 and a quick ratio of 1.04. Wynn Resorts, Limited has a twelve month low of $126.96 and a twelve month high of $203.63. The company has a market cap of $14.66 billion, a PE ratio of 24.78, a P/E/G ratio of 0.86 and a beta of 1.42.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Wednesday, August 1st. The casino operator reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.43). Wynn Resorts had a net margin of 7.90% and a return on equity of 69.17%. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the firm earned $1.18 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. research analysts predict that Wynn Resorts, Limited will post 7.56 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 28th. Stockholders of record on Thursday, August 16th were issued a dividend of $0.75 per share. The ex-dividend date was Wednesday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 2.22%. Wynn Resorts’s payout ratio is 54.95%.

Several brokerages have issued reports on WYNN. Citigroup decreased their target price on shares of Wynn Resorts to $215.00 and set a “buy” rating for the company in a report on Monday, June 4th. Deutsche Bank decreased their target price on shares of Wynn Resorts from $219.00 to $215.00 and set a “buy” rating for the company in a report on Monday, June 4th. ValuEngine cut shares of Wynn Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, June 6th. BidaskClub cut shares of Wynn Resorts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 6th. Finally, Jefferies Financial Group decreased their target price on shares of Wynn Resorts from $230.00 to $229.00 and set a “buy” rating for the company in a report on Friday, June 29th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. Wynn Resorts has a consensus rating of “Hold” and a consensus target price of $189.63.

About Wynn Resorts

Wynn Resorts, Limited develops, owns, and operates destination casino resorts. As of February 15, 2018, the company's Wynn Macau segment had approximately 273,000 square feet of casino space, which offered 316 table games and 988 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel towers with a total of 1,008 guest rooms and suites; 8 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities comprising 2 health clubs, spas, a salon, and a pool; and a rotunda show, a Chinese zodiac-inspired ceiling.

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

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