Wynn Resorts, Limited $WYNN Shares Purchased by Strs Ohio

Strs Ohio lifted its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,996 shares of the casino operator’s stock after acquiring an additional 1,996 shares during the period. Strs Ohio owned approximately 0.09% of Wynn Resorts worth $8,617,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Regal Partners Ltd increased its holdings in Wynn Resorts by 21.5% in the 1st quarter. Regal Partners Ltd now owns 1,091,578 shares of the casino operator’s stock valued at $91,147,000 after purchasing an additional 192,873 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Wynn Resorts by 12.7% in the first quarter. Raymond James Financial Inc. now owns 992,022 shares of the casino operator’s stock valued at $82,834,000 after buying an additional 111,428 shares in the last quarter. DAVENPORT & Co LLC grew its stake in shares of Wynn Resorts by 53.4% in the second quarter. DAVENPORT & Co LLC now owns 913,086 shares of the casino operator’s stock valued at $85,895,000 after buying an additional 317,850 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Wynn Resorts in the first quarter valued at about $41,731,000. Finally, Long Focus Capital Management LLC grew its stake in shares of Wynn Resorts by 84.0% in the first quarter. Long Focus Capital Management LLC now owns 300,000 shares of the casino operator’s stock valued at $25,050,000 after buying an additional 137,000 shares in the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wall Street Analysts Forecast Growth

WYNN has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Wynn Resorts from $123.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Mizuho raised their price target on shares of Wynn Resorts from $122.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 11th. Zacks Research raised shares of Wynn Resorts from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. The Goldman Sachs Group raised their price target on shares of Wynn Resorts from $124.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Finally, Citigroup restated a “neutral” rating and set a $114.00 target price (up from $108.00) on shares of Wynn Resorts in a research note on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.64.

Wynn Resorts Price Performance

Shares of WYNN stock opened at $118.99 on Friday. The firm has a market cap of $12.37 billion, a P/E ratio of 35.73, a P/E/G ratio of 4.94 and a beta of 1.31. Wynn Resorts, Limited has a 1-year low of $65.25 and a 1-year high of $134.23. The firm has a fifty day moving average of $123.39 and a two-hundred day moving average of $105.75.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Thursday, August 7th. The casino operator reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.11). The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.74 billion. Wynn Resorts had a negative return on equity of 56.78% and a net margin of 5.51%.Wynn Resorts’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $1.12 earnings per share. On average, sell-side analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were given a $0.25 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. Wynn Resorts’s dividend payout ratio (DPR) is presently 30.03%.

Insider Activity at Wynn Resorts

In other news, Director Patricia Mulroy sold 4,438 shares of Wynn Resorts stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $125.00, for a total value of $554,750.00. Following the completion of the transaction, the director owned 3,066 shares in the company, valued at approximately $383,250. This trade represents a 59.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.52% of the company’s stock.

About Wynn Resorts

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.