Wynn Resorts, Limited (WYNN) Holdings Lifted by Oakbrook Investments LLC

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.

Institutional Ownership by Quarter for Wynn Resorts (NASDAQ:WYNN)

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