Wynn Resorts, Limited (NASDAQ:WYNN) Shares Acquired by Cwm LLC

Cwm LLC lifted its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 9.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,354 shares of the casino operator’s stock after acquiring an additional 206 shares during the period. Cwm LLC’s holdings in Wynn Resorts were worth $214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WYNN. Invesco Ltd. raised its stake in shares of Wynn Resorts by 20.7% in the third quarter. Invesco Ltd. now owns 1,449,064 shares of the casino operator’s stock worth $133,908,000 after purchasing an additional 248,820 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Wynn Resorts by 15.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 977,064 shares of the casino operator’s stock valued at $90,291,000 after acquiring an additional 128,094 shares during the period. Bamco Inc. NY boosted its holdings in shares of Wynn Resorts by 25.7% in the 3rd quarter. Bamco Inc. NY now owns 644,474 shares of the casino operator’s stock valued at $59,556,000 after acquiring an additional 131,937 shares during the last quarter. Barclays PLC increased its stake in shares of Wynn Resorts by 41.6% in the third quarter. Barclays PLC now owns 544,831 shares of the casino operator’s stock worth $50,345,000 after acquiring an additional 160,054 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Wynn Resorts by 20,031.9% during the third quarter. Sequoia Financial Advisors LLC now owns 506,519 shares of the casino operator’s stock worth $46,807,000 after purchasing an additional 504,003 shares during the last quarter. Hedge funds and other institutional investors own 68.87% of the company’s stock.

Wynn Resorts Stock Up 1.5 %

WYNN opened at $96.71 on Friday. The company has a market cap of $10.84 billion, a PE ratio of 16.17 and a beta of 1.91. Wynn Resorts, Limited has a twelve month low of $81.65 and a twelve month high of $113.50. The company has a 50-day moving average price of $100.60 and a 200 day moving average price of $95.15.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Wednesday, February 7th. The casino operator reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.76. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations 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 revenue was up 83.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.23) earnings per share. As a group, sell-side analysts expect that Wynn Resorts, Limited will post 5.37 earnings per share for the current year.

Wynn Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, February 16th. This represents a $1.00 annualized dividend and a yield of 1.03%. Wynn Resorts’s dividend payout ratio (DPR) is presently 16.72%.

Analyst Upgrades and Downgrades

WYNN has been the topic of several analyst reports. Mizuho assumed coverage on Wynn Resorts in a research report on Thursday, April 4th. They set a “buy” rating and a $131.00 price target on the stock. Wells Fargo & Company raised their target price on Wynn Resorts from $122.00 to $124.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Macquarie boosted their price target on Wynn Resorts from $122.00 to $128.00 and gave the company an “outperform” rating in a report on Friday, February 9th. StockNews.com raised shares of Wynn Resorts from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Finally, Morgan Stanley boosted their target price on shares of Wynn Resorts from $107.00 to $114.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Wynn Resorts has a consensus rating of “Moderate Buy” and an average target price of $121.43.

Insider Transactions at Wynn Resorts

In other news, CEO Craig Scott Billings sold 19,235 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $108.00, for a total value 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 $33,253,632. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Wynn Resorts news, Director Patricia Mulroy sold 960 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $105.17, for a total transaction of $100,963.20. Following the transaction, the director now owns 522 shares of the company’s stock, valued at $54,898.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Craig Scott Billings sold 19,235 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $108.00, for a total value of $2,077,380.00. Following the completion of the sale, the chief executive officer now owns 307,904 shares of the company’s stock, valued at $33,253,632. The disclosure for this sale can be found here. Insiders sold 26,578 shares of company stock valued at $2,850,282 over the last 90 days. 0.52% of the stock is currently owned by corporate insiders.

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.