FormulaFolio Investments LLC Acquires 786 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

FormulaFolio Investments LLC lifted its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 23.1% in the fourth quarter, Holdings Channel reports. The fund owned 4,182 shares of the casino operator’s stock after purchasing an additional 786 shares during the quarter. FormulaFolio Investments LLC’s holdings in Wynn Resorts were worth $472,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Creative Financial Designs Inc. ADV bought a new position in shares of Wynn Resorts in the 4th quarter valued at about $25,000. Eudaimonia Partners LLC bought a new position in shares of Wynn Resorts in the 4th quarter valued at about $26,000. Jeppson Wealth Management LLC bought a new position in shares of Wynn Resorts in the 3rd quarter valued at about $38,000. Manchester Financial Inc. lifted its stake in Wynn Resorts by 45.1% in the fourth quarter. Manchester Financial Inc. now owns 344 shares of the casino operator’s stock worth $39,000 after purchasing an additional 107 shares during the last quarter. Finally, University of Texas Texas AM Investment Managment Co. bought a new stake in Wynn Resorts in the fourth quarter worth about $39,000. 69.49% of the stock is owned by hedge funds and other institutional investors.

Shares of WYNN stock opened at $132.68 on Thursday. The firm has a market cap of $15.34 billion, a price-to-earnings ratio of -12.70 and a beta of 2.32. The company’s 50 day moving average is $130.96 and its 200 day moving average is $104.76. The company has a quick ratio of 2.22, a current ratio of 2.27 and a debt-to-equity ratio of 45.50. Wynn Resorts, Limited has a 52-week low of $61.66 and a 52-week high of $143.88.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data 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). The business had revenue of $686.00 million for the quarter, compared to analysts’ expectations of $751.05 million. Wynn Resorts had a negative net margin of 25.71% and a negative return on equity of 96.61%. During the same period in the previous year, the business earned $0.86 earnings per share. Analysts anticipate that Wynn Resorts, Limited will post -14.46 EPS for the current fiscal year.

In other Wynn Resorts news, CFO Craig Scott Billings sold 3,015 shares of Wynn Resorts stock in a transaction on Thursday, March 25th. The shares were sold at an average price of $127.50, for a total value of $384,412.50. Following the transaction, the chief financial officer now directly owns 101,493 shares of the company’s stock, valued at $12,940,357.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patricia Mulroy sold 400 shares of Wynn Resorts stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $119.79, for a total transaction of $47,916.00. Following the completion of the transaction, the director now directly owns 6,897 shares in the company, valued at $826,191.63. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Several analysts have issued reports on WYNN shares. Smith Barney Citigroup downgraded shares of Wynn Resorts from a “buy” rating to a “sell” rating in a research note on Thursday, January 7th. They noted that the move was a valuation call. Citigroup raised shares of Wynn Resorts from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $99.00 to $110.00 in a research note on Friday, February 5th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell downgraded shares of Wynn Resorts from a “buy” rating to a “sell” rating in a research note on Thursday, January 7th. Argus raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Tuesday. Finally, Morgan Stanley raised their price objective on shares of Wynn Resorts from $120.00 to $129.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 20th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $108.76.

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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