Oakbrook Investments LLC increased its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 78.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,845 shares of the casino operator’s stock after acquiring an additional 3,005 shares during the period. Oakbrook Investments LLC’s holdings in Wynn Resorts were worth $1,154,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. First Personal Financial Services lifted its position in shares of Wynn Resorts by 102.9% in the third quarter. First Personal Financial Services now owns 710 shares of the casino operator’s stock valued at $106,000 after acquiring an additional 360 shares in the last quarter. Hanseatic Management Services Inc. lifted its position 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 buying an additional 1,301 shares in the last quarter. Moors & Cabot Inc. purchased a new position in Wynn Resorts during the third quarter worth approximately $222,000. Meridian Investment Counsel Inc. purchased a new position in Wynn Resorts during the second quarter worth approximately $201,000. Finally, Sun Life Financial INC lifted its position 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 buying an additional 1,504 shares in the last quarter. 72.27% of the stock is currently owned by institutional investors.
WYNN has been the topic of a number of analyst reports. Citigroup lifted their price objective on Wynn Resorts to $161.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. Deutsche Bank set a $161.00 price objective on Wynn Resorts and gave the stock a “buy” rating in a research report on Monday, October 16th. Roth Capital started coverage on Wynn Resorts in a research note on Thursday, October 26th. They set a “buy” rating and a $163.00 target price for the company. Telsey Advisory Group raised their target price on Wynn Resorts from $157.00 to $160.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Finally, Stifel Nicolaus raised their target price on Wynn Resorts from $134.00 to $153.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. Eleven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Wynn Resorts currently has a consensus rating of “Buy” and an average target price of $179.62.
Wynn Resorts, Limited (NASDAQ WYNN) traded down $3.06 on Friday, reaching $166.22. The company’s stock had a trading volume of 5,336,269 shares, compared to its average volume of 5,830,000. The company has a current ratio of 1.72, a quick ratio of 1.68 and a debt-to-equity ratio of 24.54. Wynn Resorts, Limited has a 12-month low of $92.67 and a 12-month high of $203.63. The stock has a market cap of $17,080.00, a P/E ratio of 22.86 and a beta of 1.59.
Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Monday, January 22nd. The casino operator reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.07. Wynn Resorts had a return on equity of 148.17% and a net margin of 11.85%. The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. The firm’s quarterly revenue was up 29.9% on a year-over-year basis. analysts predict that Wynn Resorts, Limited will post 7.62 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Thursday, February 15th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Wednesday, February 14th. Wynn Resorts’s dividend payout ratio is currently 27.51%.
In related news, President Matt Maddox sold 59,260 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $155.12, for a total value of $9,192,411.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 13.20% of the company’s stock.
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About Wynn Resorts
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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