Capital Growth Management LP purchased a new stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 270,000 shares of the casino operator’s stock, valued at approximately $36,212,000. Wynn Resorts, Limited accounts for approximately 1.7% of Capital Growth Management LP’s holdings, making the stock its 27th largest holding. Capital Growth Management LP owned about 0.26% of Wynn Resorts, Limited at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in WYNN. FNY Partners Fund LP boosted its position in Wynn Resorts, Limited by 5,400.0% during the 1st quarter. FNY Partners Fund LP now owns 1,100 shares of the casino operator’s stock valued at $126,000 after buying an additional 1,080 shares during the period. Reilly Financial Advisors LLC boosted its position in Wynn Resorts, Limited by 1,000.0% during the 2nd quarter. Reilly Financial Advisors LLC now owns 1,100 shares of the casino operator’s stock valued at $148,000 after buying an additional 1,000 shares during the period. Financial Architects Inc boosted its position in Wynn Resorts, Limited by 4.2% during the 2nd quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock valued at $168,000 after buying an additional 50 shares during the period. IFP Advisors Inc boosted its position in Wynn Resorts, Limited by 40.8% during the 2nd quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock valued at $169,000 after buying an additional 365 shares during the period. Finally, Northside Capital Management LLC purchased a new stake in Wynn Resorts, Limited during the 2nd quarter valued at $201,000. 70.81% of the stock is owned by institutional investors and hedge funds.
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In other Wynn Resorts, Limited news, Director Clark T. Jr. Randt sold 3,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $129.00, for a total value of $387,000.00. Following the completion of the transaction, the director now directly owns 7,711 shares in the company, valued at $994,719. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 13.20% of the company’s stock.
Wynn Resorts, Limited (NASDAQ WYNN) traded up 1.72% during mid-day trading on Tuesday, reaching $146.31. 726,249 shares of the company’s stock were exchanged. Wynn Resorts, Limited has a one year low of $82.51 and a one year high of $147.50. The company’s 50-day moving average is $135.91 and its 200 day moving average is $126.63. The firm has a market capitalization of $14.92 billion, a P/E ratio of 54.76 and a beta of 1.69.
Wynn Resorts, Limited (NASDAQ:WYNN) last announced its earnings results on Tuesday, July 25th. The casino operator reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.02. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.47 billion. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 165.77%. The firm’s revenue was up 44.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 earnings per share. Equities analysts predict that Wynn Resorts, Limited will post $4.90 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 22nd. Shareholders of record on Thursday, August 10th were issued a $0.50 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $2.00 dividend on an annualized basis and a yield of 1.39%. Wynn Resorts, Limited’s dividend payout ratio is presently 74.91%.
Several equities research analysts have weighed in on WYNN shares. Sanford C. Bernstein reissued an “outperform” rating on shares of Wynn Resorts, Limited in a research report on Wednesday, May 24th. Vetr cut shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating and set a $135.39 price target for the company. in a research report on Thursday, June 1st. Deutsche Bank AG reissued a “hold” rating and set a $138.00 price target on shares of Wynn Resorts, Limited in a research report on Monday, June 5th. BidaskClub raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Finally, Instinet reissued a “neutral” rating and set a $137.00 price target (up previously from $130.00) on shares of Wynn Resorts, Limited in a research report on Monday, June 19th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Wynn Resorts, Limited presently has a consensus rating of “Hold” and a consensus price target of $128.28.
Wynn Resorts, Limited Profile
Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.
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