Clear Creek Financial Management LLC Makes New $576,000 Investment in Wynn Resorts, Limited $WYNN

Clear Creek Financial Management LLC bought a new stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,145 shares of the casino operator's stock, valued at approximately $576,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dagco Inc. bought a new position in shares of Wynn Resorts during the 1st quarter valued at approximately $25,000. AlphaQuest LLC bought a new position in shares of Wynn Resorts during the 1st quarter valued at approximately $25,000. Global X Japan Co. Ltd. grew its position in shares of Wynn Resorts by 120.7% during the 1st quarter. Global X Japan Co. Ltd. now owns 320 shares of the casino operator's stock valued at $27,000 after acquiring an additional 175 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Wynn Resorts by 69.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator's stock valued at $32,000 after acquiring an additional 156 shares during the period. Finally, Ameritas Advisory Services LLC bought a new position in shares of Wynn Resorts during the 2nd quarter valued at approximately $43,000. 88.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WYNN. Citigroup reissued a "neutral" rating and set a $114.00 target price (up from $108.00) on shares of Wynn Resorts in a research report on Wednesday, July 9th. Morgan Stanley upped their price target on shares of Wynn Resorts from $113.00 to $128.00 and gave the company an "overweight" rating in a research note on Thursday, September 11th. Stifel Nicolaus upped their price target on shares of Wynn Resorts from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, September 18th. JPMorgan Chase & Co. began coverage on shares of Wynn Resorts in a research note on Monday, June 23rd. They set an "overweight" rating and a $109.00 price target on the stock. Finally, Mizuho upped their price target on shares of Wynn Resorts from $122.00 to $126.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Thirteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Wynn Resorts presently has an average rating of "Moderate Buy" and a consensus price target of $127.71.

Insider Transactions at Wynn Resorts

In other Wynn Resorts news, Director Patricia Mulroy sold 4,438 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $125.00, for a total value of $554,750.00. Following the sale, the director directly owned 3,066 shares in the company, valued at $383,250. This represents a 59.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by corporate insiders.

Wynn Resorts Price Performance

NASDAQ WYNN opened at $119.89 on Friday. Wynn Resorts, Limited has a 1 year low of $65.25 and a 1 year high of $134.23. The stock has a market capitalization of $12.47 billion, a PE ratio of 36.00, a P/E/G ratio of 6.19 and a beta of 1.31. The company's 50 day simple moving average is $120.33 and its two-hundred day simple moving average is $100.79.

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

Wynn Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid 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 dividend payout ratio is currently 30.03%.

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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