Private Wealth Partners LLC Has $284,000 Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Private Wealth Partners LLC decreased its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 34.5% during the 4th quarter, HoldingsChannel reports. The fund owned 3,300 shares of the casino operator’s stock after selling 1,740 shares during the period. Private Wealth Partners LLC’s holdings in Wynn Resorts were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. New Wave Wealth Advisors LLC acquired a new stake in Wynn Resorts in the 4th quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Wynn Resorts in the third quarter valued at about $31,000. Spire Wealth Management lifted its stake in shares of Wynn Resorts by 116.4% in the fourth quarter. Spire Wealth Management now owns 435 shares of the casino operator’s stock valued at $37,000 after buying an additional 234 shares during the period. Blue Trust Inc. grew its position in Wynn Resorts by 556.0% during the third quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock worth $49,000 after buying an additional 467 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in Wynn Resorts by 15.0% during the fourth quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator’s stock valued at $81,000 after acquiring an additional 122 shares during the period. Institutional investors own 88.64% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on WYNN. Jefferies Financial Group upgraded Wynn Resorts from a “hold” rating to a “buy” rating and raised their price objective for the stock from $105.00 to $118.00 in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target 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. Barclays increased their price objective on shares of Wynn Resorts from $115.00 to $116.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Mizuho lifted their target price on shares of Wynn Resorts from $118.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. Finally, Stifel Nicolaus upped their target price on shares of Wynn Resorts from $123.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $120.58.

Insiders Place Their Bets

In other news, Director Philip G. Satre acquired 22,200 shares of Wynn Resorts stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $92.18 per share, with a total value of $2,046,396.00. Following the acquisition, the director now owns 34,195 shares in the company, valued at $3,152,095.10. This represents a 185.08 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.52% of the company’s stock.

Wynn Resorts Trading Up 1.2 %

NASDAQ WYNN opened at $92.26 on Thursday. Wynn Resorts, Limited has a 1-year low of $71.63 and a 1-year high of $110.38. The company has a 50 day moving average of $85.39 and a 200-day moving average of $87.10. The firm has a market cap of $9.82 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 2.64 and a beta of 1.76.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $1.15. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.78 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. On average, analysts forecast that Wynn Resorts, Limited will post 4.87 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, February 24th. This represents a $1.00 annualized dividend and a yield of 1.08%. Wynn Resorts’s dividend payout ratio (DPR) is 23.75%.

Wynn Resorts 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.