NASDAQ:WYNN - Free Report ) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 320,600 shares of the casino operator's stock after selling 8,800 shares during the period. Swiss National Bank owned 0.28% of Wynn Resorts worth $29,210,000 as of its most recent filing with the Securities & Exchange Commission.
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A number of other institutional investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC grew its stake in shares of Wynn Resorts by 20,031.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 506,519 shares of the casino operator's stock worth $46,807,000 after buying an additional 504,003 shares in the last quarter. Invesco Ltd. raised its position in Wynn Resorts by 20.7% during the third quarter. Invesco Ltd. now owns 1,449,064 shares of the casino operator's stock valued at $133,908,000 after purchasing an additional 248,820 shares during the period. ING Groep NV lifted its stake in shares of Wynn Resorts by 1,657.3% in the 3rd quarter. ING Groep NV now owns 259,958 shares of the casino operator's stock valued at $24,023,000 after purchasing an additional 245,165 shares during the last quarter. Barclays PLC boosted its holdings in shares of Wynn Resorts by 41.6% in the 3rd quarter. Barclays PLC now owns 544,831 shares of the casino operator's stock worth $50,345,000 after purchasing an additional 160,054 shares during the period. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Wynn Resorts in the 3rd quarter worth approximately $13,610,000. Hedge funds and other institutional investors own 68.87% of the company's stock.
Wynn Resorts Trading Up 1.5 % Shares of WYNN stock traded up $1.44 during trading hours on Thursday, reaching $97.19. 2,039,732 shares of the company's stock were exchanged, compared to its average volume of 1,824,634. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 16.35 and a beta of 1.91. Wynn Resorts, Limited has a fifty-two week low of $81.65 and a fifty-two week high of $113.50. The stock's 50 day moving average is $100.24 and its 200-day moving average is $95.39.
Wynn Resorts (NASDAQ:WYNN - Get Free Report ) last released its quarterly earnings results on Tuesday, May 7th. The casino operator reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.16. Wynn Resorts had a negative return on equity of 31.17% and a net margin of 11.18%. The company had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.80 billion. During the same period last year, the business posted $0.29 earnings per share. The firm's revenue was up 30.9% compared to the same quarter last year. Equities analysts anticipate that Wynn Resorts, Limited will post 5.37 EPS for the current year.
Wynn Resorts Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Monday, May 20th will be issued a $0.25 dividend. The ex-dividend date is Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. Wynn Resorts's dividend payout ratio is currently 16.72%.
Analyst Upgrades and Downgrades Several analysts have issued reports on the stock. Mizuho started coverage on shares of Wynn Resorts in a research note on Thursday, April 4th. They issued a "buy" rating and a $131.00 price objective for the company. Stifel Nicolaus upped their price objective on Wynn Resorts from $135.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday. Susquehanna upped their price target on shares of Wynn Resorts from $105.00 to $115.00 and gave the stock a "positive" rating in a report on Thursday, February 8th. Citigroup increased their price objective on Wynn Resorts from $132.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Macquarie lifted their target price on Wynn Resorts from $122.00 to $128.00 and gave the company an "outperform" rating in a research report on Friday, February 9th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $122.93.
Check Out Our Latest Report on Wynn Resorts
Insider Transactions at Wynn Resorts In related news, CFO Julie Cameron-Doe sold 6,383 shares of the firm's stock in a transaction on Friday, February 9th. The stock was sold at an average price of $105.27, for a total value of $671,938.41. Following the completion of the transaction, the chief financial officer now owns 78,150 shares in the company, valued at approximately $8,226,850.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink . In other news, Director Patricia Mulroy sold 960 shares of the company's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $105.17, for a total value of $100,963.20. Following the sale, the director now owns 522 shares in the company, valued at $54,898.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . Also, CFO Julie Cameron-Doe sold 6,383 shares of Wynn Resorts stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $105.27, for a total value of $671,938.41. Following the transaction, the chief financial officer now owns 78,150 shares of the company's stock, valued at $8,226,850.50. The disclosure for this sale can be found here . Insiders own 0.52% of the company's stock.
Wynn Resorts Profile (
Free Report )
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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