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.

A number of equities research analysts have recently commented on WYNN shares. Stifel Nicolaus lifted their price target on shares of Wynn Resorts from $134.00 to $153.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Deutsche Bank reiterated a “buy” rating and set a $167.00 price target on shares of Wynn Resorts in a report on Tuesday, November 21st. Morgan Stanley reiterated a “hold” rating and set a $151.00 price target (down from $158.00) on shares of Wynn Resorts in a report on Thursday, October 12th. Citigroup lifted their price target on shares of Wynn Resorts to $161.00 and gave the stock a “buy” rating in a report on Monday, October 16th. Finally, Telsey Advisory Group raised their target price on shares of Wynn Resorts from $157.00 to $160.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Wynn Resorts currently has an average rating of “Buy” and an average target price of $150.05.

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.

Institutional Ownership by Quarter for Wynn Resorts (NASDAQ:WYNN)

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