California Public Employees Retirement System Sells 45,172 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

California Public Employees Retirement System decreased its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 25.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 133,766 shares of the casino operator’s stock after selling 45,172 shares during the quarter. California Public Employees Retirement System owned about 0.12% of Wynn Resorts worth $16,586,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Wynn Resorts by 0.9% in the second quarter. Vanguard Group Inc. now owns 9,853,472 shares of the casino operator’s stock worth $1,221,733,000 after purchasing an additional 91,299 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Wynn Resorts by 9.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 8,857,209 shares of the casino operator’s stock worth $1,098,205,000 after purchasing an additional 801,270 shares during the last quarter. Egerton Capital UK LLP raised its stake in shares of Wynn Resorts by 51.4% in the second quarter. Egerton Capital UK LLP now owns 3,487,638 shares of the casino operator’s stock worth $432,432,000 after purchasing an additional 1,184,251 shares during the last quarter. FMR LLC raised its stake in shares of Wynn Resorts by 75.3% in the first quarter. FMR LLC now owns 1,235,412 shares of the casino operator’s stock worth $147,409,000 after purchasing an additional 530,731 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Wynn Resorts by 1.7% in the second quarter. Northern Trust Corp now owns 1,096,761 shares of the casino operator’s stock worth $135,987,000 after purchasing an additional 18,478 shares during the last quarter. Institutional investors and hedge funds own 75.76% of the company’s stock.

NASDAQ WYNN opened at $104.42 on Thursday. The firm has a market cap of $11.35 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 1.84 and a beta of 2.05. The company has a quick ratio of 0.95, a current ratio of 1.00 and a debt-to-equity ratio of 5.00. The business has a 50-day moving average price of $110.07 and a 200-day moving average price of $122.60. Wynn Resorts, Limited has a twelve month low of $90.06 and a twelve month high of $151.50.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Tuesday, August 6th. The casino operator reported $1.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.44. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.60 billion. Wynn Resorts had a return on equity of 34.98% and a net margin of 12.41%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.53 earnings per share. Research analysts expect that Wynn Resorts, Limited will post 5.92 EPS for the current fiscal year.

Several research firms have recently weighed in on WYNN. Goldman Sachs Group upgraded Wynn Resorts from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $140.00 to $155.00 in a research note on Tuesday, September 24th. UBS Group cut their price objective on Wynn Resorts from $119.00 to $114.00 and set a “neutral” rating for the company in a report on Wednesday, August 21st. Jefferies Financial Group lifted their price objective on Wynn Resorts from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. BidaskClub lowered Wynn Resorts from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. Finally, Nomura cut their price objective on Wynn Resorts from $126.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. Wynn Resorts currently has an average rating of “Buy” and a consensus price target of $137.13.

In other news, CEO Matt Maddox sold 25,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $110.24, for a total value of $2,756,000.00. Following the completion of the transaction, the chief executive officer now owns 432,731 shares of the company’s stock, valued at $47,704,265.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.58% of the company’s stock.

Wynn Resorts Profile

Wynn Resorts, Limited owns and operates destination casino resorts. As of February 20, 2019, the company's Wynn Palace segment had approximately 424,000 square feet of casino space, which offered 320 table games and 1,041 slot machines, private gaming salons, and sky casinos; a luxury hotel towers with 1,706 guest rooms, suites, and villas; 13 food and beverage outlets; 106,000 square feet of retail space; 37,000 square feet of meeting and convention space; recreation and leisure facilities comprising a gondola ride, health club, spa, salon, and pool; and public attractions, such as performance lake and floral art displays.

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

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