Redpoint Investment Management Pty Ltd invests $ 272,000 in Wynn Resorts, Limited (NASDAQ: WYNN)


Redpoint Investment Management Pty Ltd bought a new position in the shares of Wynn Resorts, Limited (NASDAQ: WYNN – Get Rating) in the first quarter, reports Holdings Channel.com. The institutional investor bought 3,417 shares of the casino operator’s shares worth approximately $ 272,000.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Wynn Resorts by 31.7% in the third quarter. Dimensional Fund Advisors LP already owns 356,397 shares of the casino operator’s stock worth $ 30,204,000 after buying an additional 85,814 shares in the last quarter. Cetera Investment Advisers rose 5.6 percent in Wynn Resorts in the third quarter. Cetera Investment Advisers already owns 3,658 shares of the casino operator’s shares worth $ 310,000 after buying an additional 195 shares in the last quarter. Kentucky Retirement Systems Insurance Trust acquired a new position in Wynn Resorts shares in the third quarter worth approximately $ 280,000. Garde Capital Inc. acquired a new position in Wynn Resorts shares in the third quarter worth approximately $ 137,000. Finally, Comerica Bank raised its stake in Wynn Resorts by 68.4% in the third quarter. Comerica Bank already owns 25,174 shares of the casino operator’s shares worth $ 2,237,000 after buying an additional 10,225 shares in the last quarter. 62.72% of the shares are currently owned by institutional investors and hedge funds.

Shares of NASDAQ WYNN opened at $ 58.29 on Friday. Wynn Resorts, Limited has a 52-week low of $ 50.20 and a 52-week high of $ 125.17. The company has a 50-day moving average of $ 64.63 and a 200-day moving average of $ 76.99. The shares have a market capitalization of $ 6.76 billion, a PE ratio of -10.17 and a beta of 2.22.

Wynn Resorts (NASDAQ: WYNN – Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The casino operator reported ($ 1.21) earnings per share (EPS) for the quarter, lacking a consensus estimate of ($ 1.15) by ($ 0.06). The company had revenue of $ 953.40 million for the quarter, compared to the consensus estimate of $ 986.35 million. During the same period last year, the company earned ($ 2.41) earnings per share. The company’s revenue for the quarter increased by 31.4% on an annual basis. On average, sales analysts forecast that Wynn Resorts, Limited will report -2.9 earnings per share for the current fiscal year.

Several research analysts recently released reports on WYNN shares. UBS Group set a price of $ 67.00 for Wynn Resorts in a research report on Monday, June 20th. Deutsche Bank Aktiengesellschaft reduced its price target for Wynn Resorts from $ 123.00 to $ 92.00 in a research report Wednesday, May 11th. Wells Fargo & Company reduced its target price for Wynn Resorts from $ 97.00 to $ 79.00 in a report on Wednesday, May 11. Morgan Stanley lowered its target price for Wynn Resorts from $ 123.00 to $ 90.00 and set the company’s “overweight” rating in a report on Monday, April 25. Finally, StockNews.com began covering Wynn Resorts in a report on Thursday, March 31st. They issued a rating for the sale of the company. One stock research analyst rated the stock with a sell rating, five issued a hold rating and six gave a stock buy rating. Based on data from MarketBeat.com, the shares have a consensus hold rating and an average target price of $ 100.54.

Wynn Resorts profile (Get a rating)

Wynn Resorts, Limited designs, develops and manages integrated resorts. Its Wynn Palace segment manages 424,000 square feet of casino space with 323 table games, 1,035 slot machines, private gaming parlors and sky casinos; luxury hotel tower with 1706 guest rooms, suites and villas, including a health club, spa, lounge and swimming pool; 14 food and beverage establishments; 107,000 square meters of retail space; 37,000 square meters of space for meetings and congresses; and performances of lake and floral art.

Recommended stories

Want to see what other hedge funds hold WYNN? Visit HoldingsChannel.com to get the latest 13F inquiries and domestic deals for Wynn Resorts, Limited (NASDAQ: WYNN – Get rating).

Quarterly Institutional Property for Wynn Resorts (NASDAQ: WYNN)



Receive news and reviews for Wynn Resorts Daily – Enter your email address below to receive a brief daily summary of the latest news and analyst ratings for Wynn Resorts and related companies with the FREE Daily Newsletter on MarketBeat.com.

Leave a Comment