New York State Common Retirement Fund Boosts Position in Wynn Resorts, Limited (WYNN)
New York State Common Retirement Fund increased its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 7.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,000 shares of the casino operator’s stock after acquiring an additional 14,025 shares during the period. New York State Common Retirement Fund owned about 0.20% of Wynn Resorts worth $30,678,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of WYNN. IFP Advisors Inc lifted its stake in Wynn Resorts by 40.8% during the 2nd quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock worth $169,000 after acquiring an additional 365 shares in the last quarter. Retirement Systems of Alabama raised its position in Wynn Resorts by 0.7% in the 2nd quarter. Retirement Systems of Alabama now owns 38,712 shares of the casino operator’s stock valued at $5,192,000 after purchasing an additional 284 shares in the last quarter. TD Asset Management Inc. raised its position in Wynn Resorts by 1.9% in the 2nd quarter. TD Asset Management Inc. now owns 29,020 shares of the casino operator’s stock valued at $3,892,000 after purchasing an additional 542 shares in the last quarter. Advisor Partners LLC raised its position in Wynn Resorts by 8.7% in the 2nd quarter. Advisor Partners LLC now owns 2,087 shares of the casino operator’s stock valued at $280,000 after purchasing an additional 167 shares in the last quarter. Finally, Global X Management Co. LLC raised its position in Wynn Resorts by 2.1% in the 2nd quarter. Global X Management Co. LLC now owns 2,127 shares of the casino operator’s stock valued at $285,000 after purchasing an additional 43 shares in the last quarter. 72.04% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on WYNN shares. Stifel Nicolaus increased their price target on Wynn Resorts from $134.00 to $153.00 and gave the company a “hold” rating in a research report on Friday, October 27th. TheStreet lowered Wynn Resorts from a “b-” rating to a “c+” rating in a research report on Friday, October 13th. Telsey Advisory Group increased their price target on Wynn Resorts from $157.00 to $160.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. Zacks Investment Research raised Wynn Resorts from a “hold” rating to a “buy” rating and set a $162.00 price target on the stock in a research report on Tuesday, September 26th. Finally, UBS reaffirmed a “buy” rating and issued a $174.00 price target (up previously from $149.00) on shares of Wynn Resorts in a research report on Friday, September 29th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $148.49.
Shares of Wynn Resorts, Limited (WYNN) opened at $159.54 on Friday. The company has a debt-to-equity ratio of 24.54, a quick ratio of 1.68 and a current ratio of 1.72. Wynn Resorts, Limited has a 12-month low of $85.57 and a 12-month high of $160.97. The firm has a market capitalization of $16,334.19, a PE ratio of 35.79 and a beta of 1.73.
Wynn Resorts (NASDAQ:WYNN) last issued its earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.24. Wynn Resorts had a return on equity of 132.96% and a net margin of 6.24%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the company earned $0.74 EPS. The business’s quarterly revenue was up 45.3% on a year-over-year basis. research analysts forecast that Wynn Resorts, Limited will post 5.34 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Thursday, November 16th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Wednesday, November 15th. Wynn Resorts’s dividend payout ratio (DPR) is presently 55.25%.
In other news, Director Alvin V. Shoemaker sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $151.74, for a total transaction of $2,276,100.00. Following the sale, the director now owns 19,162 shares of the company’s stock, valued at approximately $2,907,641.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kimmarie Sinatra sold 21,451 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $143.62, for a total value of $3,080,792.62. Following the transaction, the executive vice president now owns 223,443 shares in the company, valued at approximately $32,090,883.66. The disclosure for this sale can be found here. Insiders have sold a total of 159,406 shares of company stock worth $23,864,344 in the last three months. Corporate insiders own 13.20% of the company’s stock.
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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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