Stifel Financial Corp lifted its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 27.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,849 shares of the casino operator’s stock after buying an additional 9,393 shares during the period. Stifel Financial Corp’s holdings in Wynn Resorts were worth $6,538,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. First Personal Financial Services raised its holdings in Wynn Resorts by 102.9% during the third quarter. First Personal Financial Services now owns 710 shares of the casino operator’s stock worth $106,000 after purchasing an additional 360 shares in the last quarter. IFP Advisors Inc raised its holdings in Wynn Resorts by 40.8% during the second quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock worth $169,000 after purchasing an additional 365 shares in the last quarter. Hanseatic Management Services Inc. raised its holdings in Wynn Resorts by 808.1% during the second quarter. Hanseatic Management Services Inc. now owns 1,462 shares of the casino operator’s stock worth $196,000 after purchasing an additional 1,301 shares in the last quarter. Meridian Investment Counsel Inc. bought a new stake in Wynn Resorts during the second quarter worth approximately $201,000. Finally, Sun Life Financial INC raised its holdings in Wynn Resorts by 30,080.0% during the second quarter. Sun Life Financial INC now owns 1,509 shares of the casino operator’s stock worth $203,000 after purchasing an additional 1,504 shares in the last quarter. Institutional investors and hedge funds own 72.04% of the company’s stock.
Wynn Resorts, Limited (NASDAQ WYNN) opened at $165.00 on Friday. The stock has a market capitalization of $16,943.70, a price-to-earnings ratio of 37.13 and a beta of 1.73. Wynn Resorts, Limited has a twelve month low of $85.57 and a twelve month high of $166.79. The company has a debt-to-equity ratio of 24.54, a current ratio of 1.72 and a quick ratio of 1.68.
Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.24. Wynn Resorts had a net margin of 6.24% and a return on equity of 132.96%. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the business earned $0.74 EPS. The company’s revenue was up 45.3% on a year-over-year basis. equities research analysts forecast that Wynn Resorts, Limited will post 5.34 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Thursday, November 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Wednesday, November 15th. Wynn Resorts’s dividend payout ratio (DPR) is currently 55.25%.
In other Wynn Resorts news, EVP Kimmarie Sinatra sold 20,795 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $152.03, for a total transaction of $3,161,463.85. Following the sale, the executive vice president now directly owns 226,992 shares of the company’s stock, valued at approximately $34,509,593.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Alvin V. Shoemaker sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $151.74, for a total transaction of $2,276,100.00. Following the sale, the director now directly owns 19,162 shares in the company, valued at $2,907,641.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,055 shares of company stock worth $14,629,975. Company insiders own 13.20% of the company’s stock.
Several equities research analysts recently commented on WYNN shares. Stifel Nicolaus boosted their target price on Wynn Resorts from $134.00 to $153.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Deutsche Bank reissued a “buy” rating and set a $167.00 target price on shares of Wynn Resorts in a report on Tuesday, November 21st. Morgan Stanley reaffirmed a “hold” rating and issued a $151.00 price target (down previously from $158.00) on shares of Wynn Resorts in a report on Thursday, October 12th. Citigroup upped their price target on Wynn Resorts to $161.00 and gave the company a “buy” rating in a report on Monday, October 16th. Finally, Telsey Advisory Group upped their price target on Wynn Resorts from $157.00 to $160.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $150.05.
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Wynn Resorts Profile
Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.
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