Trade Report: The Candriam Luxembourg S.C.A. Holds Stake in Wynn Resorts Ltd. (WYNN)

The Candriam Luxembourg S.C.A. Holds Stake in Wynn Resorts Ltd. (WYNN)

Candriam Luxembourg S.C.A. continued to hold its stake in shares of Wynn Resorts Ltd. (NASDAQ:WYNN) during the second quarter, Holdings Channel reports. The fund owned 2,344 shares of the casino operator’s stock at the end of the second quarter. Candriam Luxembourg S.C.A.’s holdings in Wynn Resorts were worth $212,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. IFP Advisors Inc raised its position in Wynn Resorts by 44.1% in the first quarter. IFP Advisors Inc now owns 1,069 shares of the casino operator’s stock valued at $100,000 after buying an additional 327 shares in the last quarter. Ngam Advisors L.P. raised its position in Wynn Resorts by 31.6% in the first quarter. Ngam Advisors L.P. now owns 20,504 shares of the casino operator’s stock valued at $1,916,000 after buying an additional 4,923 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in Wynn Resorts by 10.1% in the first quarter. TIAA CREF Investment Management LLC now owns 378,980 shares of the casino operator’s stock valued at $35,408,000 after buying an additional 34,732 shares in the last quarter. Teachers Advisors Inc. raised its position in Wynn Resorts by 5.0% in the first quarter. Teachers Advisors Inc. now owns 85,306 shares of the casino operator’s stock valued at $7,970,000 after buying an additional 4,079 shares in the last quarter. Finally, BlackRock Group LTD raised its position in Wynn Resorts by 0.7% in the first quarter. BlackRock Group LTD now owns 635,440 shares of the casino operator’s stock valued at $59,370,000 after buying an additional 4,714 shares in the last quarter. 74.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Wynn Resorts Ltd. (NASDAQ:WYNN) traded down 1.53% on Thursday, reaching $94.95. The company’s stock had a trading volume of 3,059,841 shares. The stock has a 50-day moving average of $98.22 and a 200 day moving average of $96.34. Wynn Resorts Ltd. has a 52 week low of $49.95 and a 52 week high of $109.50. The stock has a market capitalization of $9.63 billion, a price-to-earnings ratio of 29.38 and a beta of 1.85.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Thursday, July 28th. The casino operator reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.16. Wynn Resorts had a return on equity of 3,746.24% and a net margin of 7.67%. The company earned $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company earned $0.74 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts expect that Wynn Resorts Ltd. will post $3.77 EPS for the current year.

WYNN has been the topic of several research analyst reports. Vetr lowered Wynn Resorts from a “strong-buy” rating to a “buy” rating and set a $100.18 price objective on the stock. in a research note on Wednesday, July 6th. Zacks Investment Research raised Wynn Resorts from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research report on Thursday, June 30th. Buckingham Research initiated coverage on Wynn Resorts in a research report on Friday, August 12th. They set a “buy” rating and a $113.00 price target on the stock. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Wynn Resorts in a research report on Wednesday, October 5th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of Wynn Resorts in a research report on Sunday, June 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $101.85.

Wynn Resorts Company Profile

Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company operates through two segments: Macau Operations and Las Vegas Operations.

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