Cerity Partners LLC Acquires 24,941 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Cerity Partners LLC boosted its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 996.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,445 shares of the casino operator's stock after purchasing an additional 24,941 shares during the quarter. Cerity Partners LLC's holdings in Wynn Resorts were worth $2,500,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in WYNN. Blue Trust Inc. lifted its holdings in shares of Wynn Resorts by 3,000.0% during the fourth quarter. Blue Trust Inc. now owns 279 shares of the casino operator's stock worth $25,000 after buying an additional 270 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Wynn Resorts by 4,285.7% during the third quarter. Sunbelt Securities Inc. now owns 307 shares of the casino operator's stock worth $28,000 after buying an additional 300 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Wynn Resorts by 1,083.8% during the fourth quarter. Venturi Wealth Management LLC now owns 438 shares of the casino operator's stock worth $40,000 after buying an additional 401 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Wynn Resorts during the first quarter worth approximately $45,000. Finally, RVW Wealth LLC acquired a new position in shares of Wynn Resorts during the third quarter worth approximately $47,000. Institutional investors own 68.87% of the company's stock.

Insider Transactions at Wynn Resorts

In other news, Director Patricia Mulroy sold 960 shares of the firm's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $105.17, for a total transaction of $100,963.20. Following the sale, the director now owns 522 shares of the company's stock, valued at $54,898.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Patricia Mulroy sold 960 shares of the firm's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $105.17, for a total transaction of $100,963.20. Following the sale, the director now owns 522 shares of the company's stock, valued at $54,898.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Craig Scott Billings sold 19,235 shares of the firm's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $108.00, for a total value of $2,077,380.00. Following the sale, the chief executive officer now directly owns 307,904 shares in the company, valued at approximately $33,253,632. The disclosure for this sale can be found here. Insiders have sold a total of 26,578 shares of company stock valued at $2,850,282 over the last 90 days. 0.52% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Wynn Resorts from $118.00 to $123.00 and gave the stock an "overweight" rating in a report on Tuesday, February 27th. Macquarie upped their target price on Wynn Resorts from $122.00 to $128.00 and gave the company an "outperform" rating in a research note on Friday, February 9th. Morgan Stanley upped their target price on Wynn Resorts from $107.00 to $114.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 9th. UBS Group cut their target price on Wynn Resorts from $117.00 to $108.00 and set a "neutral" rating for the company in a research note on Tuesday, February 6th. Finally, StockNews.com upgraded Wynn Resorts from a "hold" rating to a "buy" rating in a research note on Thursday, April 4th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.43.

Wynn Resorts Stock Performance

WYNN traded down $1.11 during midday trading on Friday, reaching $94.99. 1,165,333 shares of the company were exchanged, compared to its average volume of 1,804,098. Wynn Resorts, Limited has a one year low of $81.65 and a one year high of $117.86. The stock has a market capitalization of $10.65 billion, a P/E ratio of 15.88 and a beta of 1.93. The stock's 50-day simple moving average is $102.28 and its 200 day simple moving average is $94.86.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its earnings results on Wednesday, February 7th. The casino operator reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $0.76. Wynn Resorts had a negative return on equity of 31.17% and a net margin of 11.18%. The firm had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter last year, the business earned ($1.23) earnings per share. The company's revenue was up 83.1% compared to the same quarter last year. On average, research analysts anticipate that Wynn Resorts, Limited will post 5.37 earnings per share for the current year.

Wynn Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, February 16th. Wynn Resorts's dividend payout ratio is currently 16.72%.

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.