Retirement Systems of Alabama increased its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,712 shares of the casino operator’s stock after buying an additional 284 shares during the period. Retirement Systems of Alabama’s holdings in Wynn Resorts, Limited were worth $5,192,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of Wynn Resorts, Limited by 83.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the casino operator’s stock valued at $117,000 after buying an additional 462 shares in the last quarter. FNY Partners Fund LP increased its stake in shares of Wynn Resorts, Limited by 5,400.0% in the first 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 in the last quarter. Mercer Capital Advisers Inc. acquired a new stake in shares of Wynn Resorts, Limited during the first quarter valued at about $143,000. Reilly Financial Advisors LLC increased its stake in shares of Wynn Resorts, Limited by 1,000.0% in the second 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 in the last quarter. Finally, Financial Architects Inc increased its stake in shares of Wynn Resorts, Limited by 4.2% in the second 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 in the last quarter. 72.83% of the stock is owned by institutional investors and hedge funds.

Wynn Resorts, Limited (WYNN) opened at 134.62 on Friday. Wynn Resorts, Limited has a one year low of $82.51 and a one year high of $139.67. The stock’s 50 day moving average price is $131.63 and its 200-day moving average price is $119.85. The firm has a market cap of $13.72 billion, a price-to-earnings ratio of 50.38 and a beta of 1.72. Wynn Resorts, Limited also was the target of some unusual options trading on Tuesday. Stock traders purchased 13,518 put options on the company. This is an increase of approximately 161% compared to the typical daily volume of 5,177 put options.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.47 billion. Wynn Resorts, Limited had a return on equity of 165.77% and a net margin of 5.02%. Wynn Resorts, Limited’s quarterly revenue was up 44.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.07 earnings per share. Analysts forecast that Wynn Resorts, Limited will post $4.90 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Thursday, August 10th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Tuesday, August 8th. Wynn Resorts, Limited’s dividend payout ratio is currently 74.91%.

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Several equities research analysts recently issued reports on WYNN shares. Union Gaming Research raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a research note on Wednesday, April 26th. Zacks Investment Research raised Wynn Resorts, Limited from a “hold” rating to a “strong-buy” rating and set a $144.00 price objective for the company in a research note on Friday, April 28th. Instinet reissued a “neutral” rating on shares of Wynn Resorts, Limited in a research note on Monday, July 17th. Aegis reissued a “buy” rating and issued a $132.00 price objective (up from $121.00) on shares of Wynn Resorts, Limited in a research note on Saturday, April 29th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Wynn Resorts, Limited in a research note on Wednesday, May 24th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $126.99.

In other Wynn Resorts, Limited news, President Matt Maddox sold 44,309 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $134.35, for a total transaction of $5,952,914.15. Following the transaction, the president now owns 344,895 shares of the company’s stock, valued at $46,336,643.25. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Clark T. Jr. Randt sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $129.00, for a total value of $387,000.00. Following the transaction, the director now directly owns 7,711 shares in the company, valued at approximately $994,719. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,933 shares of company stock worth $9,261,125. 13.20% of the stock is owned by company insiders.

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

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