Sei Investments Co. boosted its stake in shares of Wynn Resorts Ltd. (NASDAQ:WYNN) by 2.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 267,272 shares of the casino operator’s stock after buying an additional 6,178 shares during the period. Sei Investments Co. owned 0.26% of Wynn Resorts worth $26,038,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. TLP Group LLC bought a new position in shares of Wynn Resorts during the second quarter worth about $114,000. Mizuho Asset Management Co. Ltd. increased its position in shares of Wynn Resorts by 176.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,266 shares of the casino operator’s stock worth $115,000 after buying an additional 808 shares during the period. Advisory Services Network LLC increased its position in shares of Wynn Resorts by 171.8% in the third quarter. Advisory Services Network LLC now owns 1,582 shares of the casino operator’s stock worth $154,000 after buying an additional 1,000 shares during the period. Krilogy Financial LLC increased its position in shares of Wynn Resorts by 57.8% in the second quarter. Krilogy Financial LLC now owns 1,775 shares of the casino operator’s stock worth $161,000 after buying an additional 650 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of Wynn Resorts by 10.4% in the second quarter. Pacer Advisors Inc. now owns 1,814 shares of the casino operator’s stock worth $164,000 after buying an additional 171 shares during the period. Hedge funds and other institutional investors own 71.42% of the company’s stock.
Shares of Wynn Resorts Ltd. (NASDAQ:WYNN) traded up 0.23% during mid-day trading on Friday, hitting $101.55. The company’s stock had a trading volume of 587,245 shares. The company has a market cap of $10.30 billion, a price-to-earnings ratio of 47.90 and a beta of 1.89. Wynn Resorts Ltd. has a 52-week low of $49.95 and a 52-week high of $109.50. The stock’s 50 day moving average price is $93.28 and its 200 day moving average price is $95.96.
Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Wednesday, November 2nd. The casino operator reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by $0.03. Wynn Resorts had a net margin of 5.24% and a return on equity of 3,973.99%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the firm earned $0.86 earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. Equities analysts forecast that Wynn Resorts Ltd. will post $3.79 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 29th. Shareholders of record on Thursday, November 17th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Tuesday, November 15th. Wynn Resorts’s dividend payout ratio (DPR) is 94.34%.
A number of brokerages have weighed in on WYNN. Vetr downgraded Wynn Resorts from a “strong-buy” rating to a “buy” rating and set a $110.77 target price for the company. in a report on Thursday. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $87.00 target price on shares of Wynn Resorts in a report on Thursday, November 3rd. Nomura lowered their target price on Wynn Resorts from $83.00 to $77.00 and set a “reduce” rating for the company in a report on Thursday, November 3rd. Stifel Nicolaus lowered their target price on Wynn Resorts from $106.00 to $103.00 and set a “hold” rating for the company in a report on Thursday, November 3rd. Finally, Telsey Advisory Group lowered their target price on Wynn Resorts from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, November 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $102.16.
In other Wynn Resorts news, Director Daniel Boone Wayson sold 37,500 shares of the business’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $87.12, for a total value of $3,267,000.00. Following the sale, the director now directly owns 54,510 shares of the company’s stock, valued at $4,748,911.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.60% of the stock is owned by company insiders.
Wynn Resorts Company Profile