Invictus Private Wealth LLC Makes New Investment in Wynn Resorts, Limited (NASDAQ:WYNN)

Invictus Private Wealth LLC purchased a new position in Wynn Resorts, Limited (NASDAQ:WYNN) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 2,500 shares of the casino operator’s stock, valued at approximately $240,000.

Other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in Wynn Resorts in the 2nd quarter worth approximately $25,000. Blue Trust Inc. grew its holdings in shares of Wynn Resorts by 556.0% during the 3rd quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock worth $49,000 after purchasing an additional 467 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of Wynn Resorts in the second quarter valued at $51,000. Covestor Ltd lifted its position in Wynn Resorts by 421.7% in the first quarter. Covestor Ltd now owns 626 shares of the casino operator’s stock worth $64,000 after purchasing an additional 506 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Wynn Resorts by 25.1% during the second quarter. GAMMA Investing LLC now owns 828 shares of the casino operator’s stock worth $74,000 after buying an additional 166 shares in the last quarter. 68.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WYNN has been the subject of a number of recent research reports. Barclays dropped their price objective on shares of Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday. UBS Group upgraded shares of Wynn Resorts to a “hold” rating in a research note on Friday, August 23rd. StockNews.com lowered Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Wynn Resorts has an average rating of “Moderate Buy” and an average target price of $115.71.

Insider Transactions at Wynn Resorts

In other news, Director Patricia Mulroy sold 2,650 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $78.73, for a total transaction of $208,634.50. Following the sale, the director now directly owns 5,689 shares of the company’s stock, valued at $447,894.97. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.52% of the stock is owned by company insiders.

Wynn Resorts Stock Performance

Wynn Resorts stock opened at $86.72 on Wednesday. The business’s fifty day moving average is $90.38 and its two-hundred day moving average is $88.69. The firm has a market cap of $9.63 billion, a P/E ratio of 10.69, a P/E/G ratio of 2.48 and a beta of 1.80. Wynn Resorts, Limited has a 52 week low of $71.63 and a 52 week high of $110.38.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.11). Wynn Resorts had a negative return on equity of 62.44% and a net margin of 13.37%. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the company earned $0.99 EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. On average, equities research analysts predict that Wynn Resorts, Limited will post 5.42 earnings per share for the current year.

Wynn Resorts Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.