Moors & Cabot Inc. Buys Shares of 1,487 Wynn Resorts, Limited (WYNN)
Moors & Cabot Inc. bought a new stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 1,487 shares of the casino operator’s stock, valued at approximately $222,000.
A number of other large investors have also bought and sold shares of WYNN. JPMorgan Chase & Co. increased its holdings in Wynn Resorts by 128.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 819,007 shares of the casino operator’s stock valued at $109,845,000 after acquiring an additional 459,916 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Wynn Resorts by 563.7% during the third quarter. Janus Henderson Group PLC now owns 507,249 shares of the casino operator’s stock worth $75,540,000 after buying an additional 430,816 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Wynn Resorts by 529.8% during the third quarter. Point72 Asset Management L.P. now owns 418,843 shares of the casino operator’s stock worth $62,374,000 after buying an additional 352,343 shares in the last quarter. Maverick Capital Ltd. grew its holdings in shares of Wynn Resorts by 36.9% during the second quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator’s stock worth $169,024,000 after buying an additional 339,550 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Wynn Resorts by 294.1% during the second quarter. FMR LLC now owns 409,967 shares of the casino operator’s stock worth $54,985,000 after buying an additional 305,945 shares in the last quarter. Hedge funds and other institutional investors own 72.04% of the company’s stock.
In other news, Director Alvin V. Shoemaker sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $151.74, for a total transaction of $2,276,100.00. Following the completion of the transaction, the director now owns 19,162 shares of the company’s stock, valued at $2,907,641.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Kimmarie Sinatra sold 20,795 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $152.03, for a total transaction of $3,161,463.85. Following the transaction, the executive vice president now directly owns 226,992 shares of the company’s stock, valued at approximately $34,509,593.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,055 shares of company stock valued at $14,629,975. Corporate insiders own 13.20% of the company’s stock.
Wynn Resorts, Limited (NASDAQ WYNN) opened at $166.03 on Friday. Wynn Resorts, Limited has a 12-month low of $85.57 and a 12-month high of $166.79. The company has a debt-to-equity ratio of 24.54, a quick ratio of 1.68 and a current ratio of 1.72. The company has a market cap of $16,959.11, a price-to-earnings ratio of 37.16 and a beta of 1.73.
Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.24. Wynn Resorts had a net margin of 6.24% and a return on equity of 132.96%. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The firm’s revenue for the quarter was up 45.3% compared to the same quarter last year. research analysts anticipate that Wynn Resorts, Limited will post 5.34 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Thursday, November 16th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Wednesday, November 15th. Wynn Resorts’s dividend payout ratio (DPR) is 55.25%.
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Wynn Resorts 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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