Traders purchased shares of Wynn Resorts, Limited (NASDAQ:WYNN) on weakness during trading on Wednesday. $111.32 million flowed into the stock on the tick-up and $39.26 million flowed out of the stock on the tick-down, for a money net flow of $72.06 million into the stock. Of all stocks tracked, Wynn Resorts, Limited had the 7th highest net in-flow for the day. Wynn Resorts, Limited traded down ($0.22) for the day and closed at $129.85

Several research analysts have recently weighed in on WYNN shares. Vetr upgraded Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $119.59 price target for the company in a research note on Monday, April 17th. Telsey Advisory Group restated an “outperform” rating and issued a $145.00 price target (up previously from $110.00) on shares of Wynn Resorts, Limited in a research note on Wednesday, April 26th. Aegis restated a “buy” rating and issued a $132.00 price target (up previously from $121.00) on shares of Wynn Resorts, Limited in a research note on Saturday, April 29th. Sanford C. Bernstein restated an “outperform” rating on shares of Wynn Resorts, Limited in a research note on Wednesday, July 12th. Finally, Zacks Investment Research cut Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research note on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Wynn Resorts, Limited currently has an average rating of “Hold” and a consensus price target of $125.62.

The stock’s 50 day moving average is $133.18 and its 200-day moving average is $117.50. The company has a market capitalization of $13.24 billion, a price-to-earnings ratio of 48.60 and a beta of 1.72.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its quarterly earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a return on equity of 165.77% and a net margin of 5.02%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the business earned $1.07 EPS. Wynn Resorts, Limited’s revenue for the quarter was up 44.5% compared to the same quarter last year. On average, equities research analysts expect that Wynn Resorts, Limited will post $4.92 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Thursday, August 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $2.00 annualized dividend and a dividend yield of 1.54%. Wynn Resorts, Limited’s dividend payout ratio is presently 74.91%.

In related news, Director John J. Hagenbuch sold 1,150 shares of Wynn Resorts, Limited stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $128.40, for a total value of $147,660.00. Following the completion of the transaction, the director now owns 11,662 shares in the company, valued at approximately $1,497,400.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Patricia Mulroy sold 2,226 shares of Wynn Resorts, Limited stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $128.08, for a total value of $285,106.08. Following the completion of the transaction, the director now owns 8,011 shares of the company’s stock, valued at approximately $1,026,048.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,309 shares of company stock valued at $9,693,891. 13.20% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Weybosset Research & Management LLC raised its position in shares of Wynn Resorts, Limited by 17.1% in the first quarter. Weybosset Research & Management LLC now owns 5,101 shares of the casino operator’s stock valued at $585,000 after buying an additional 745 shares in the last quarter. Bank of Montreal Can raised its position in shares of Wynn Resorts, Limited by 40.0% in the first quarter. Bank of Montreal Can now owns 42,685 shares of the casino operator’s stock valued at $4,891,000 after buying an additional 12,193 shares in the last quarter. Highland Capital Management LLC acquired a new position in shares of Wynn Resorts, Limited during the first quarter valued at $223,000. Private Capital Advisors Inc. acquired a new position in shares of Wynn Resorts, Limited during the first quarter valued at $991,000. Finally, Newman Dignan & Sheerar Inc. acquired a new position in shares of Wynn Resorts, Limited during the first quarter valued at $210,000. Hedge funds and other institutional investors own 75.06% of the company’s stock.

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Wynn Resorts, Limited Company 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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