Alerus Financial NA Increases Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Alerus Financial NA increased its stake in Wynn Resorts, Limited (NASDAQ:WYNNGet Rating) by 103.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 30,966 shares of the casino operator’s stock after buying an additional 15,729 shares during the quarter. Alerus Financial NA’s holdings in Wynn Resorts were worth $2,633,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. boosted its stake in Wynn Resorts by 569.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 35,590 shares of the casino operator’s stock valued at $4,247,000 after buying an additional 30,271 shares during the period. Russell Investments Group Ltd. lifted its stake in Wynn Resorts by 51.0% during the third quarter. Russell Investments Group Ltd. now owns 8,307 shares of the casino operator’s stock worth $701,000 after purchasing an additional 2,804 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in Wynn Resorts by 27.7% during the third quarter. Allianz Asset Management GmbH now owns 3,267 shares of the casino operator’s stock worth $277,000 after purchasing an additional 709 shares during the last quarter. US Bancorp DE lifted its stake in Wynn Resorts by 20.4% during the third quarter. US Bancorp DE now owns 6,523 shares of the casino operator’s stock worth $553,000 after purchasing an additional 1,105 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV lifted its stake in Wynn Resorts by 3.8% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 10,551 shares of the casino operator’s stock worth $894,000 after purchasing an additional 386 shares during the last quarter. Institutional investors own 62.72% of the company’s stock.

NASDAQ:WYNN traded up $0.64 during mid-day trading on Wednesday, reaching $58.83. 40,486 shares of the company’s stock traded hands, compared to its average volume of 3,337,246. Wynn Resorts, Limited has a 12-month low of $56.36 and a 12-month high of $136.83. The firm has a market capitalization of $6.82 billion, a price-to-earnings ratio of -10.16 and a beta of 2.22. The company has a 50 day moving average price of $72.18 and a 200-day moving average price of $81.45.

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

Several brokerages have issued reports on WYNN. JPMorgan Chase & Co. lifted their price target on Wynn Resorts from $93.00 to $102.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 16th. Bank of America lifted their price target on Wynn Resorts from $90.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 16th. Deutsche Bank Aktiengesellschaft dropped their price target on Wynn Resorts from $123.00 to $92.00 in a research note on Wednesday, May 11th. UBS Group lowered their target price on Wynn Resorts to $71.00 and set a “na” rating for the company in a research note on Wednesday, May 18th. Finally, Wells Fargo & Company lowered their target price on Wynn Resorts from $97.00 to $79.00 in a research note on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Wynn Resorts currently has an average rating of “Hold” and a consensus price target of $100.96.

About Wynn Resorts (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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