Oak Thistle LLC Makes New $660,000 Investment in Wynn Resorts, Limited (NASDAQ:WYNN)

Oak Thistle LLC acquired a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNNFree Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 7,247 shares of the casino operator’s stock, valued at approximately $660,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Horizon Investments LLC increased its holdings in Wynn Resorts by 6.7% during the 2nd quarter. Horizon Investments LLC now owns 1,731 shares of the casino operator’s stock worth $183,000 after purchasing an additional 108 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Wynn Resorts by 3.6% in the third quarter. Captrust Financial Advisors now owns 4,240 shares of the casino operator’s stock valued at $267,000 after acquiring an additional 147 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC grew its holdings in shares of Wynn Resorts by 4.3% in the third quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 3,630 shares of the casino operator’s stock valued at $323,000 after acquiring an additional 150 shares in the last quarter. Mystic Asset Management Inc. grew its holdings in shares of Wynn Resorts by 1.6% in the third quarter. Mystic Asset Management Inc. now owns 11,131 shares of the casino operator’s stock valued at $1,029,000 after acquiring an additional 175 shares in the last quarter. Finally, M&T Bank Corp grew its holdings in shares of Wynn Resorts by 5.0% in the third quarter. M&T Bank Corp now owns 4,084 shares of the casino operator’s stock valued at $258,000 after acquiring an additional 196 shares in the last quarter. 68.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WYNN. StockNews.com lowered Wynn Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. Morgan Stanley upped their target price on Wynn Resorts from $99.00 to $107.00 and gave the company an “equal weight” rating in a report on Tuesday, February 13th. Susquehanna upped their target price on Wynn Resorts from $105.00 to $115.00 and gave the company a “positive” rating in a report on Thursday, February 8th. Macquarie upped their price objective on Wynn Resorts from $122.00 to $128.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Finally, UBS Group dropped their price objective on Wynn Resorts from $117.00 to $108.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 6th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Wynn Resorts presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.62.

Check Out Our Latest Stock Report on Wynn Resorts

Insiders Place Their Bets

In other Wynn Resorts news, CEO Craig Scott Billings sold 19,235 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $108.00, for a total transaction of $2,077,380.00. Following the sale, the chief executive officer now owns 307,904 shares in the company, valued at $33,253,632. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Ellen F. Whittemore sold 4,180 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $95.26, for a total value of $398,186.80. Following the sale, the executive vice president now owns 74,144 shares in the company, valued at $7,062,957.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Craig Scott Billings sold 19,235 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $108.00, for a total transaction of $2,077,380.00. Following the transaction, the chief executive officer now directly owns 307,904 shares of the company’s stock, valued at approximately $33,253,632. The disclosure for this sale can be found here. Insiders have sold a total of 73,828 shares of company stock worth $7,345,942 over the last 90 days. Corporate insiders own 0.52% of the company’s stock.

Wynn Resorts Trading Down 1.2 %

Wynn Resorts stock opened at $105.26 on Wednesday. The company has a market cap of $11.80 billion, a price-to-earnings ratio of 17.60 and a beta of 1.93. The business’s 50 day simple moving average is $101.22 and its 200 day simple moving average is $93.99. Wynn Resorts, Limited has a 12 month low of $81.65 and a 12 month high of $117.86.

Wynn Resorts (NASDAQ:WYNNGet Free Report) last posted its earnings results on Wednesday, February 7th. The casino operator reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.76. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.74 billion. Wynn Resorts had a negative return on equity of 31.17% and a net margin of 11.18%. The business’s quarterly revenue was up 83.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($1.23) earnings per share. As a group, equities research analysts forecast that Wynn Resorts, Limited will post 5.27 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.25 per share. The ex-dividend date was Friday, February 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.95%. Wynn Resorts’s dividend payout ratio is currently 16.72%.

Wynn Resorts Profile

(Free Report)

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.

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

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