Sentry Investment Management LLC Has $797,000 Holdings in Wynn Resorts, Limited (WYNN)

Sentry Investment Management LLC boosted its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 4.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,940 shares of the casino operator’s stock after acquiring an additional 237 shares during the quarter. Sentry Investment Management LLC’s holdings in Wynn Resorts, Limited were worth $797,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Wynn Resorts, Limited by 3.1% during the second quarter. Vanguard Group Inc. now owns 8,264,810 shares of the casino operator’s stock worth $1,108,476,000 after acquiring an additional 246,476 shares during the last quarter. Maverick Capital Ltd. increased its stake in Wynn Resorts, Limited by 36.9% during the second quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator’s stock worth $169,024,000 after acquiring an additional 339,550 shares during the last quarter. American Century Companies Inc. increased its stake in Wynn Resorts, Limited by 2.1% during the second quarter. American Century Companies Inc. now owns 875,121 shares of the casino operator’s stock worth $117,371,000 after acquiring an additional 18,400 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Wynn Resorts, Limited by 128.1% during the second quarter. JPMorgan Chase & Co. now owns 819,007 shares of the casino operator’s stock worth $109,845,000 after acquiring an additional 459,916 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Wynn Resorts, Limited by 17.7% during the second quarter. Bank of New York Mellon Corp now owns 812,446 shares of the casino operator’s stock worth $108,964,000 after acquiring an additional 121,914 shares during the last quarter. 70.80% of the stock is currently owned by institutional investors.

In other Wynn Resorts, Limited news, President Matt Maddox sold 42,900 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $143.44, for a total value of $6,153,576.00. Following the completion of the transaction, the president now owns 350,586 shares of the company’s stock, valued at approximately $50,288,055.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Clark T. Jr. Randt sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $129.00, for a total transaction of $387,000.00. Following the completion of the transaction, the director now directly owns 7,711 shares of the company’s stock, valued at approximately $994,719. The disclosure for this sale can be found here. Insiders sold a total of 67,351 shares of company stock valued at $9,621,369 in the last quarter. 13.20% of the stock is owned by insiders.

WYNN has been the topic of several analyst reports. Vetr raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $140.28 price objective on the stock in a research note on Thursday, June 29th. Morgan Stanley reissued an “overweight” rating and set a $151.00 price objective (up from $133.00) on shares of Wynn Resorts, Limited in a research note on Monday, July 10th. UBS AG reissued a “buy” rating on shares of Wynn Resorts, Limited in a research note on Monday, July 10th. Sanford C. Bernstein reissued an “outperform” rating on shares of Wynn Resorts, Limited in a research note on Wednesday, July 12th. Finally, Instinet reissued a “neutral” rating on shares of Wynn Resorts, Limited in a research note on Monday, July 17th. Twelve investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Wynn Resorts, Limited has an average rating of “Buy” and an average price target of $137.52.

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Shares of Wynn Resorts, Limited (WYNN) opened at 144.44 on Friday. Wynn Resorts, Limited has a 12-month low of $82.51 and a 12-month high of $150.40. The stock has a market cap of $14.72 billion, a price-to-earnings ratio of 54.06 and a beta of 1.67. The firm’s 50-day moving average price is $144.80 and its 200-day moving average price is $132.67.

Wynn Resorts, Limited (NASDAQ:WYNN) last posted its earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 165.77%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the firm earned $1.07 EPS. The firm’s revenue for the quarter was up 44.5% on a year-over-year basis. On average, analysts forecast that Wynn Resorts, Limited will post $5.07 EPS for the current fiscal year.

Wynn Resorts, Limited Profile

Wynn Resorts, Limited (Wynn Resorts) 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’s segments include Macau Operations and Las Vegas Operations.

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Institutional Ownership by Quarter for Wynn Resorts, Limited (NASDAQ:WYNN)

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