The Wynn Resorts Ltd. (WYNN) Stake Boosted by Skandinaviska Enskilda Banken AB publ

The Wynn Resorts Ltd. (WYNN) Stake Boosted by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ boosted its position in Wynn Resorts Ltd. (NASDAQ:WYNN) by 11.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,593 shares of the casino operator’s stock after buying an additional 900 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Wynn Resorts were worth $837,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of WYNN. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Wynn Resorts by 6.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 232,696 shares of the casino operator’s stock worth $21,092,000 after buying an additional 14,256 shares in the last quarter. Enterprise Financial Services Corp boosted its stake in shares of Wynn Resorts by 40.1% in the second quarter. Enterprise Financial Services Corp now owns 3,531 shares of the casino operator’s stock worth $320,000 after buying an additional 1,010 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Wynn Resorts by 2.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 6,330 shares of the casino operator’s stock worth $573,000 after buying an additional 147 shares in the last quarter. Concert Wealth Management Inc. boosted its stake in shares of Wynn Resorts by 7.8% in the second quarter. Concert Wealth Management Inc. now owns 3,046 shares of the casino operator’s stock worth $280,000 after buying an additional 220 shares in the last quarter. Finally, Weybosset Research & Management LLC boosted its stake in shares of Wynn Resorts by 17.6% in the second quarter. Weybosset Research & Management LLC now owns 2,661 shares of the casino operator’s stock worth $241,000 after buying an additional 399 shares in the last quarter. Institutional investors own 74.63% of the company’s stock.

Shares of Wynn Resorts Ltd. (NASDAQ:WYNN) traded down 1.14% during mid-day trading on Thursday, reaching $90.93. 1,144,071 shares of the company’s stock were exchanged. The stock has a market cap of $9.22 billion, a PE ratio of 42.89 and a beta of 1.87. Wynn Resorts Ltd. has a one year low of $56.51 and a one year high of $109.50. The company has a 50 day moving average price of $92.00 and a 200-day moving average price of $95.28.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Wednesday, November 2nd. The casino operator reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by $0.03. Wynn Resorts had a return on equity of 3,973.99% and a net margin of 5.24%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the firm posted $0.86 earnings per share. The business’s revenue was up 11.4% on a year-over-year basis. On average, analysts predict that Wynn Resorts Ltd. will post $3.80 EPS for the current year.

A number of equities research analysts have recently issued reports on the company. Vetr cut Wynn Resorts from a “strong-buy” rating to a “buy” rating and set a $110.77 price objective for the company. in a report on Thursday, November 24th. Citigroup Inc. reiterated a “buy” rating on shares of Wynn Resorts in a research note on Wednesday, November 30th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Wynn Resorts in a research note on Friday, December 2nd. Deutsche Bank AG cut their price target on Wynn Resorts from $101.00 to $100.00 and set a “hold” rating for the company in a research note on Wednesday, October 12th. Finally, Wells Fargo & Co. reiterated a “neutral” rating on shares of Wynn Resorts in a research note on Monday, October 10th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $101.26.

In other news, EVP Kimmarie Sinatra sold 42,343 shares of Wynn Resorts stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of $99.77, for a total transaction of $4,224,561.11. Following the completion of the sale, the executive vice president now directly owns 143,472 shares of the company’s stock, valued at approximately $14,314,201.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel Boone Wayson acquired 37,500 shares of the company’s stock in a transaction dated Wednesday, December 14th. The shares were bought at an average cost of $93.83 per share, with a total value of $3,518,625.00. Following the completion of the acquisition, the director now directly owns 92,010 shares in the company, valued at approximately $8,633,298.30. The disclosure for this purchase can be found here. Insiders own 12.60% of the company’s stock.

About Wynn Resorts

Wynn Resorts, Limited 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 operates through two segments: Macau Operations and Las Vegas Operations.

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