Commerce Bank raised its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 50.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 7,670 shares of the casino operator’s stock after buying an additional 2,574 shares during the quarter. Commerce Bank’s holdings in Wynn Resorts were worth $650,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the business. Capital International Investors lifted its stake in Wynn Resorts by 1.0% in the second quarter. Capital International Investors now owns 8,866,726 shares of the casino operator’s stock valued at $1,084,381,000 after buying an additional 83,725 shares during the last quarter. BlackRock Inc. lifted its stake in Wynn Resorts by 11.4% in the second quarter. BlackRock Inc. now owns 8,482,764 shares of the casino operator’s stock valued at $1,037,444,000 after buying an additional 867,116 shares during the last quarter. State Street Corp lifted its stake in Wynn Resorts by 1.7% in the second quarter. State Street Corp now owns 3,947,511 shares of the casino operator’s stock valued at $482,781,000 after buying an additional 66,705 shares during the last quarter. Morgan Stanley lifted its stake in Wynn Resorts by 20.0% in the second quarter. Morgan Stanley now owns 1,336,851 shares of the casino operator’s stock valued at $163,498,000 after buying an additional 222,922 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Wynn Resorts by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 1,133,146 shares of the casino operator’s stock valued at $138,585,000 after buying an additional 14,351 shares during the last quarter. Institutional investors own 63.07% of the company’s stock.
In other Wynn Resorts news, CEO Matt Maddox sold 20,000 shares of the firm’s stock in a transaction dated Thursday, December 23rd. The stock was sold at an average price of $90.08, for a total transaction of $1,801,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Patricia Mulroy sold 400 shares of the firm’s stock in a transaction dated Thursday, November 11th. The stock was sold at an average price of $92.17, for a total value of $36,868.00. The disclosure for this sale can be found here. Insiders have sold a total of 24,495 shares of company stock valued at $2,198,009 over the last 90 days. Corporate insiders own 0.62% of the company’s stock.
Shares of WYNN opened at $91.47 on Friday. The business’s 50-day moving average price is $87.29 and its 200 day moving average price is $93.68. The stock has a market capitalization of $10.58 billion, a P/E ratio of -11.94 and a beta of 2.41. Wynn Resorts, Limited has a 1-year low of $76.03 and a 1-year high of $143.88.
Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Tuesday, November 9th. The casino operator reported ($1.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.17) by ($0.07). The company had revenue of $994.64 million during the quarter, compared to analysts’ expectations of $987.11 million. During the same quarter in the prior year, the company earned ($7.04) earnings per share. Equities analysts anticipate that Wynn Resorts, Limited will post -6.03 EPS for the current year.
About Wynn Resorts
Wynn Resorts Ltd. is a holding company, which engages in the design, development, and operation of destination casino resorts. It operates through the following segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The company was founded by Stephen Alan Wynn, Elaine P. Wynn, and Kazuo Okada in 2002 and is headquartered in Las Vegas, NV.
See Also: FinTech
Receive News & Ratings for Wynn Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wynn Resorts and related companies with MarketBeat.com's FREE daily email newsletter.