Wynn Resorts, Limited (NASDAQ:WYNN) Stake Boosted by Capital Management Associates NY


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Capital Management Associates NY grew its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 42.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,695 shares of the casino operator’s stock after acquiring an additional 3,500 shares during the period. Wynn Resorts accounts for 1.4% of Capital Management Associates NY’s investment portfolio, making the stock its 24th biggest holding. Capital Management Associates NY’s holdings in Wynn Resorts were worth $1,320,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV purchased a new position in shares of Wynn Resorts during the 4th quarter valued at $25,000. Manchester Financial Inc. grew its holdings in shares of Wynn Resorts by 45.1% during the 4th quarter. Manchester Financial Inc. now owns 344 shares of the casino operator’s stock valued at $39,000 after acquiring an additional 107 shares in the last quarter. University of Texas Texas AM Investment Managment Co. purchased a new position in shares of Wynn Resorts during the 4th quarter valued at $39,000. CWM LLC grew its holdings in shares of Wynn Resorts by 131.4% during the 3rd quarter. CWM LLC now owns 368 shares of the casino operator’s stock valued at $26,000 after acquiring an additional 209 shares in the last quarter. Finally, Prospera Financial Services Inc purchased a new position in shares of Wynn Resorts during the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 69.49% of the company’s stock.

In other Wynn Resorts news, Director Patricia Mulroy sold 400 shares of the company’s stock in a transaction dated Tuesday, February 16th. The shares were sold at an average price of $119.79, for a total transaction of $47,916.00. Following the sale, the director now directly owns 6,897 shares of the company’s stock, valued at $826,191.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Craig Scott Billings sold 4,673 shares of the company’s stock in a transaction dated Monday, January 4th. The stock was sold at an average price of $113.50, for a total transaction of $530,385.50. Following the sale, the chief financial officer now directly owns 83,539 shares in the company, valued at $9,481,676.50. The disclosure for this sale can be found here. Insiders have sold 7,573 shares of company stock worth $848,627 over the last ninety days. Insiders own 0.75% of the company’s stock.

NASDAQ:WYNN traded up $4.45 during mid-day trading on Tuesday, hitting $131.20. The company’s stock had a trading volume of 204,805 shares, compared to its average volume of 3,076,467. Wynn Resorts, Limited has a fifty-two week low of $35.84 and a fifty-two week high of $131.97. The company has a current ratio of 2.27, a quick ratio of 2.22 and a debt-to-equity ratio of 45.50. The company has a market capitalization of $14.15 billion, a price-to-earnings ratio of -12.13 and a beta of 2.32. The stock has a fifty day moving average of $110.81 and a 200-day moving average of $94.09.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Thursday, February 4th. The casino operator reported ($2.45) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.22) by ($0.23). Wynn Resorts had a negative return on equity of 96.61% and a negative net margin of 25.71%. During the same quarter last year, the business posted $0.86 earnings per share. On average, equities analysts anticipate that Wynn Resorts, Limited will post -14.46 earnings per share for the current fiscal year.

WYNN has been the subject of a number of recent research reports. The Goldman Sachs Group upped their price objective on shares of Wynn Resorts from $103.00 to $113.00 and gave the stock a “neutral” rating in a report on Tuesday, January 26th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell cut shares of Wynn Resorts from a “buy” rating to a “sell” rating in a report on Thursday, January 7th. Morgan Stanley boosted their target price on shares of Wynn Resorts from $120.00 to $129.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 20th. Smith Barney Citigroup lowered shares of Wynn Resorts from a “buy” rating to a “sell” rating in a research report on Thursday, January 7th. They noted that the move was a valuation call. Finally, Citigroup raised shares of Wynn Resorts from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $99.00 to $110.00 in a research report on Friday, February 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $99.67.

Wynn Resorts Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company's Wynn Palace segment operates 424,000 square feet of casino space with 323 table games, 1,011 slot machines, private gaming salons, and sky casinos; a luxury hotel towers with 1,706 guest rooms, suites, and villas, including a health club, spa, salon, and pool; 14 food and beverage outlets; 106,000 square feet of retail space; 37,000 square feet of meeting and convention space; and performance lake and floral art displays.

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

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