Wynn Resorts, Limited (NASDAQ:WYNN) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 9.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,895 shares of the casino operator’s stock after buying an additional 2,606 shares during the period. Quantinno Capital Management LP’s holdings in Wynn Resorts were worth $2,866,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. IHT Wealth Management LLC boosted its stake in shares of Wynn Resorts by 1.7% during the 3rd quarter. IHT Wealth Management LLC now owns 6,766 shares of the casino operator’s stock worth $654,000 after acquiring an additional 112 shares in the last quarter. Fifth Third Bancorp boosted its position in Wynn Resorts by 8.5% during the second quarter. Fifth Third Bancorp now owns 1,536 shares of the casino operator’s stock worth $137,000 after purchasing an additional 120 shares in the last quarter. Allworth Financial LP grew its holdings in Wynn Resorts by 17.5% in the third quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock valued at $86,000 after purchasing an additional 133 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Wynn Resorts by 2.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,540 shares of the casino operator’s stock valued at $496,000 after buying an additional 149 shares in the last quarter. Finally, Prospera Financial Services Inc raised its stake in shares of Wynn Resorts by 4.1% during the 3rd quarter. Prospera Financial Services Inc now owns 4,616 shares of the casino operator’s stock worth $443,000 after buying an additional 181 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Wynn Resorts news, Director Patricia Mulroy sold 2,650 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $78.73, for a total value of $208,634.50. Following the completion of the transaction, the director now owns 5,689 shares in the company, valued at $447,894.97. This represents a 31.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.52% of the company’s stock.

Wynn Resorts Price Performance

NASDAQ WYNN opened at $95.94 on Tuesday. Wynn Resorts, Limited has a 12 month low of $71.63 and a 12 month high of $110.38. The company has a 50-day moving average of $95.63 and a 200-day moving average of $87.79. The company has a market cap of $10.54 billion, a P/E ratio of 11.83, a P/E/G ratio of 3.45 and a beta of 1.78.

Wynn Resorts (NASDAQ:WYNN) last issued its earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. Wynn Resorts’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 EPS. As a group, equities research analysts anticipate that Wynn Resorts, Limited will post 4.79 EPS for the current year.

Wynn Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. Wynn Resorts’s dividend payout ratio (DPR) is 12.33%.

Analyst Ratings Changes

WYNN has been the topic of a number of research reports. UBS Group raised shares of Wynn Resorts to a “hold” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. raised their price objective on shares of Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Stifel Nicolaus reduced their target price on Wynn Resorts from $121.00 to $103.00 and set a “buy” rating on the stock in a research note on Friday, September 13th. Barclays dropped their price target on Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Finally, Macquarie restated an “outperform” rating and issued a $120.00 price objective on shares of Wynn Resorts in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.71.

Wynn Resorts Company Profile

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.