Gamco Investors INC. ET AL Lowers Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Gamco Investors INC. ET AL decreased its holdings in Wynn Resorts, Limited (NASDAQ:WYNNGet Rating) by 11.2% in the 4th quarter, HoldingsChannel reports. The firm owned 44,005 shares of the casino operator’s stock after selling 5,550 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Wynn Resorts were worth $3,742,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ancora Advisors LLC purchased a new position in shares of Wynn Resorts in the third quarter valued at approximately $34,000. MCF Advisors LLC lifted its stake in Wynn Resorts by 65.2% in the third quarter. MCF Advisors LLC now owns 408 shares of the casino operator’s stock worth $35,000 after acquiring an additional 161 shares during the last quarter. UMB Bank N A MO purchased a new position in Wynn Resorts in the fourth quarter worth approximately $39,000. Firestone Capital Management purchased a new position in Wynn Resorts in the third quarter worth approximately $44,000. Finally, Evoke Wealth LLC lifted its stake in Wynn Resorts by 37.0% in the third quarter. Evoke Wealth LLC now owns 555 shares of the casino operator’s stock worth $47,000 after acquiring an additional 150 shares during the last quarter. 62.72% of the stock is owned by institutional investors and hedge funds.

Shares of Wynn Resorts stock opened at $61.94 on Tuesday. The firm’s fifty day simple moving average is $72.52 and its 200-day simple moving average is $81.72. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of -10.81 and a beta of 2.22. Wynn Resorts, Limited has a 12 month low of $56.36 and a 12 month high of $136.83.

Wynn Resorts (NASDAQ:WYNNGet Rating) last announced its earnings results on Tuesday, May 10th. The casino operator reported ($1.21) EPS for the quarter, missing analysts’ consensus estimates of ($1.15) by ($0.06). The firm had revenue of $953.40 million for the quarter, compared to analyst estimates of $986.35 million. Wynn Resorts’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter last year, the firm earned ($2.41) earnings per share. On average, equities analysts expect that Wynn Resorts, Limited will post -2.95 EPS for the current year.

A number of brokerages recently issued reports on WYNN. Union Gaming Research lifted their price target on shares of Wynn Resorts from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, February 16th. Morgan Stanley decreased their price target on shares of Wynn Resorts from $123.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, April 25th. UBS Group cut their price objective on shares of Wynn Resorts to $71.00 and set a “na” rating on the stock in a report on Wednesday, May 18th. Citigroup raised shares of Wynn Resorts from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $98.00 to $96.50 in a report on Friday, April 1st. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Wynn Resorts from $123.00 to $92.00 in a report on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $100.96.

Wynn Resorts Company Profile (Get Rating)

Wynn Resorts, Limited designs, develops, and operates integrated resorts. Its Wynn Palace segment operates 424,000 square feet of casino space with 323 table games, 1,035 slot machines, private gaming salons, and sky casinos; a luxury hotel tower with 1,706 guest rooms, suites, and villas, including a health club, spa, salon, and pool; 14 food and beverage outlets; 107,000 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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