Robeco Institutional Asset Management B.V. Acquires New Stake in Wynn Resorts, Limited (NASDAQ:WYNN)

Robeco Institutional Asset Management B.V. bought a new position in Wynn Resorts, Limited (NASDAQ:WYNN) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 11,189 shares of the casino operator’s stock, valued at approximately $964,000.

Several other institutional investors and hedge funds have also recently modified their holdings of WYNN. Wilmington Savings Fund Society FSB purchased a new stake in Wynn Resorts in the third quarter worth approximately $31,000. Blue Trust Inc. increased its holdings in Wynn Resorts by 556.0% during the 3rd quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock valued at $49,000 after purchasing an additional 467 shares during the period. Allworth Financial LP raised its holdings in shares of Wynn Resorts by 17.5% during the third quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock valued at $86,000 after acquiring an additional 133 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Wynn Resorts by 703.1% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,028 shares of the casino operator’s stock worth $99,000 after purchasing an additional 900 shares during the period. Finally, Covestor Ltd boosted its position in Wynn Resorts by 207.4% during the 3rd quarter. Covestor Ltd now owns 1,408 shares of the casino operator’s stock valued at $135,000 after acquiring an additional 950 shares in the last quarter. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Wynn Resorts Stock Down 0.4 %

Shares of Wynn Resorts stock opened at $83.19 on Wednesday. The firm has a market cap of $9.14 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 2.50 and a beta of 1.76. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The business has a 50-day moving average price of $87.75 and a 200-day moving average price of $86.97.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the company earned $0.99 EPS. Wynn Resorts’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities analysts expect that Wynn Resorts, Limited will post 4.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WYNN shares. Jefferies Financial Group dropped their target price on shares of Wynn Resorts from $109.00 to $105.00 and set a “hold” rating on the stock in a report on Friday, January 3rd. Barclays decreased their price target on Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. JPMorgan Chase & Co. raised their target price on shares of Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Morgan Stanley raised their target price on Wynn Resorts from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $117.23.

About Wynn Resorts

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.