D.A. Davidson & CO. Boosts Position in Wynn Resorts, Limited (NASDAQ:WYNN)

D.A. Davidson & CO. boosted its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 236.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,214 shares of the casino operator's stock after acquiring an additional 5,771 shares during the quarter. D.A. Davidson & CO.'s holdings in Wynn Resorts were worth $686,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Global X Japan Co. Ltd. boosted its holdings in 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. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Wynn Resorts by 3,408.3% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 421 shares of the casino operator's stock valued at $35,000 after buying an additional 409 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Wynn Resorts in the 4th quarter valued at about $36,000. Canada Post Corp Registered Pension Plan purchased a new position in shares of Wynn Resorts in the 4th quarter valued at about $45,000. Finally, Garde Capital Inc. purchased a new position in shares of Wynn Resorts in the 1st quarter valued at about $73,000. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Patricia Mulroy sold 2,262 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $92.12, for a total value of $208,375.44. Following the transaction, the director owned 3,066 shares of the company's stock, valued at approximately $282,439.92. The trade was a 42.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.52% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Stifel Nicolaus set a $113.00 price objective on Wynn Resorts in a research note on Wednesday, May 7th. JPMorgan Chase & Co. assumed coverage on Wynn Resorts in a research note on Monday, June 23rd. They issued an "overweight" rating and a $109.00 price objective for the company. UBS Group reiterated a "neutral" rating and issued a $101.00 price objective (up previously from $83.00) on shares of Wynn Resorts in a research note on Tuesday. Argus cut Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Finally, Citigroup reiterated a "neutral" rating and issued a $114.00 price objective (up previously from $108.00) on shares of Wynn Resorts in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $112.71.

Wynn Resorts Stock Down 0.3%

WYNN traded down $0.32 during trading on Friday, hitting $111.62. 396,660 shares of the stock were exchanged, compared to its average volume of 2,593,783. The firm has a market capitalization of $11.67 billion, a P/E ratio of 30.99, a PEG ratio of 3.18 and a beta of 1.37. Wynn Resorts, Limited has a 1-year low of $65.25 and a 1-year high of $112.36. The stock has a fifty day moving average price of $92.37 and a two-hundred day moving average price of $86.20.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The casino operator reported $1.07 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.17). The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.74 billion. Wynn Resorts had a negative return on equity of 62.13% and a net margin of 6.17%. The company's quarterly revenue was down 8.7% on a year-over-year basis. During the same period last year, the firm earned $1.59 EPS. Analysts predict that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.90%. The ex-dividend date was Friday, May 16th. Wynn Resorts's dividend payout ratio (DPR) is 27.78%.

Wynn Resorts Company 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.