Sumitomo Mitsui Trust Group Inc. Reduces Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 3.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 181,646 shares of the casino operator’s stock after selling 7,107 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.17% of Wynn Resorts worth $15,651,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Wynn Resorts by 703.1% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,028 shares of the casino operator’s stock valued at $99,000 after buying an additional 900 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in Wynn Resorts by 123.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 13,222 shares of the casino operator’s stock valued at $1,268,000 after buying an additional 7,315 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in Wynn Resorts by 47.8% in the 3rd quarter. Wedge Capital Management L L P NC now owns 46,286 shares of the casino operator’s stock valued at $4,438,000 after buying an additional 14,964 shares in the last quarter. CX Institutional purchased a new stake in Wynn Resorts in the 3rd quarter valued at $264,000. Finally, NBC Securities Inc. grew its holdings in Wynn Resorts by 104.0% in the 3rd quarter. NBC Securities Inc. now owns 16,375 shares of the casino operator’s stock valued at $1,570,000 after buying an additional 8,350 shares in the last quarter. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

Wynn Resorts Trading Up 1.8 %

WYNN opened at $78.37 on Thursday. The stock’s 50-day moving average price is $86.05 and its 200 day moving average price is $86.83. Wynn Resorts, Limited has a 12-month low of $71.63 and a 12-month high of $110.38. The firm has a market cap of $8.61 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 2.32 and a beta of 1.76.

Analyst Ratings Changes

Several analysts have issued reports on the company. JPMorgan Chase & Co. upped their target price on Wynn Resorts from $101.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Macquarie reiterated an “outperform” rating and set a $120.00 price target on shares of Wynn Resorts in a report on Tuesday, November 5th. Morgan Stanley increased their price target on Wynn Resorts from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Barclays lowered their price target on Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Finally, Jefferies Financial Group lowered their price target on Wynn Resorts from $109.00 to $105.00 and set a “hold” rating for the company in a report on Friday, January 3rd. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Wynn Resorts presently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

About Wynn Resorts

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.