2,688 Shares in Wynn Resorts, Limited $WYNN Purchased by Private Capital Advisors Inc.

Private Capital Advisors Inc. acquired a new position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,688 shares of the casino operator's stock, valued at approximately $252,000.

Other large investors also recently added to or reduced their stakes in the company. Resolute Capital Asset Partners LLC purchased a new stake in Wynn Resorts in the 1st quarter worth about $3,758,000. Oppenheimer & Co. Inc. purchased a new stake in Wynn Resorts in the 1st quarter worth about $1,690,000. Oak Harvest Investment Services increased its holdings in Wynn Resorts by 20.8% in the 1st quarter. Oak Harvest Investment Services now owns 32,058 shares of the casino operator's stock worth $2,677,000 after acquiring an additional 5,511 shares during the last quarter. Strs Ohio purchased a new stake in Wynn Resorts in the 1st quarter worth about $7,515,000. Finally, Achmea Investment Management B.V. increased its holdings in Wynn Resorts by 41.1% in the 1st quarter. Achmea Investment Management B.V. now owns 12,400 shares of the casino operator's stock worth $1,036,000 after acquiring an additional 3,612 shares during the last quarter. Hedge funds and other institutional investors own 88.64% of the company's stock.

Wynn Resorts Stock Performance

Shares of WYNN stock opened at $121.13 on Wednesday. Wynn Resorts, Limited has a fifty-two week low of $65.25 and a fifty-two week high of $134.23. The stock has a 50 day moving average price of $121.67 and a two-hundred day moving average price of $102.72. The company has a market capitalization of $12.59 billion, a P/E ratio of 36.38, a PEG ratio of 6.26 and a beta of 1.31.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The casino operator reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.11). Wynn Resorts had a net margin of 5.51% and a negative return on equity of 56.78%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the firm posted $1.12 EPS. The business's revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities analysts predict that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a $0.25 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.00 annualized dividend and a yield of 0.8%. Wynn Resorts's payout ratio is presently 30.03%.

Insiders Place Their Bets

In other Wynn Resorts news, Director Patricia Mulroy sold 4,438 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $125.00, for a total value of $554,750.00. Following the completion of the sale, the director owned 3,066 shares in the company, valued at approximately $383,250. The trade was a 59.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Macquarie lifted their target price on Wynn Resorts from $110.00 to $124.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Argus raised Wynn Resorts from a "hold" rating to a "buy" rating and set a $145.00 target price for the company in a report on Wednesday, September 3rd. UBS Group raised Wynn Resorts from a "neutral" rating to a "buy" rating and lifted their target price for the company from $101.00 to $147.00 in a report on Thursday, August 28th. Jefferies Financial Group lifted their price target on Wynn Resorts from $130.00 to $133.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Finally, Barclays lifted their price target on Wynn Resorts from $101.00 to $127.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Thirteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Wynn Resorts currently has an average rating of "Moderate Buy" and a consensus price target of $129.64.

Wynn Resorts Profile

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.

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