Wynn Resorts, Limited (NASDAQ:WYNN) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. boosted its holdings in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 100,056.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,025 shares of the casino operator's stock after buying an additional 16,009 shares during the quarter. NBC Securities Inc.'s holdings in Wynn Resorts were worth $1,338,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in WYNN. SBI Securities Co. Ltd. bought a new position in Wynn Resorts during the 4th quarter worth approximately $36,000. Spire Wealth Management grew its position in shares of Wynn Resorts by 116.4% during the 4th quarter. Spire Wealth Management now owns 435 shares of the casino operator's stock worth $37,000 after buying an additional 234 shares during the period. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Wynn Resorts during the 4th quarter worth approximately $45,000. Venturi Wealth Management LLC grew its position in shares of Wynn Resorts by 15.0% during the 4th quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator's stock worth $81,000 after buying an additional 122 shares during the period. Finally, Central Pacific Bank Trust Division grew its position in shares of Wynn Resorts by 1,100.0% during the 1st quarter. Central Pacific Bank Trust Division now owns 1,200 shares of the casino operator's stock worth $100,000 after buying an additional 1,100 shares during the period. Institutional investors own 88.64% of the company's stock.

Insider Buying and Selling at Wynn Resorts

In related news, Director Patricia Mulroy sold 2,262 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $92.12, for a total transaction of $208,375.44. Following the transaction, the director now directly owns 3,066 shares of the company's stock, valued at $282,439.92. This represents a 42.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Tilman J. Fertitta purchased 5,025 shares of the company's stock in a transaction on Friday, March 21st. The shares were purchased at an average price of $80.99 per share, for a total transaction of $406,974.75. Following the purchase, the insider now owns 10,905,025 shares in the company, valued at approximately $883,197,974.75. The trade was a 0.05% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 416,500 shares of company stock valued at $29,254,547 in the last ninety days. Corporate insiders own 0.52% of the company's stock.

Wynn Resorts Stock Performance

NASDAQ:WYNN traded down $1.61 during trading hours on Wednesday, reaching $86.14. The stock had a trading volume of 1,951,416 shares, compared to its average volume of 2,570,286. Wynn Resorts, Limited has a 52 week low of $65.25 and a 52 week high of $107.81. The company has a 50 day moving average price of $82.92 and a two-hundred day moving average price of $85.89. The stock has a market capitalization of $9.01 billion, a PE ratio of 20.46, a PEG ratio of 2.35 and a beta of 1.33.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its earnings results on Tuesday, May 6th. The casino operator reported $1.07 EPS for the quarter, missing analysts' consensus estimates of $1.24 by ($0.17). The company had revenue of $1.70 billion during the quarter, compared to analysts' expectations of $1.74 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. Wynn Resorts's revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.59 EPS. Equities research analysts predict that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Friday, May 16th. Wynn Resorts's dividend payout ratio (DPR) is presently 27.78%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on WYNN shares. Wall Street Zen downgraded shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Argus cut Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Citigroup upgraded Wynn Resorts from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 7th. Jefferies Financial Group raised Wynn Resorts from a "hold" rating to a "buy" rating and lifted their target price for the company from $105.00 to $118.00 in a report on Tuesday, February 18th. Finally, Mizuho decreased their price objective on shares of Wynn Resorts from $132.00 to $122.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.18.

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.