Sei Investments Co. increased its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 5.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 189,024 shares of the casino operator’s stock after purchasing an additional 9,234 shares during the quarter. Sei Investments Co. owned approximately 0.18% of Wynn Resorts, Limited worth $28,150,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. First Personal Financial Services grew its stake in shares of Wynn Resorts, Limited by 102.9% in the third quarter. First Personal Financial Services now owns 710 shares of the casino operator’s stock worth $106,000 after purchasing an additional 360 shares during the last quarter. Reilly Financial Advisors LLC grew 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 worth $148,000 after purchasing an additional 1,000 shares during the last quarter. Financial Architects Inc grew 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 worth $168,000 after purchasing an additional 50 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Wynn Resorts, Limited by 40.8% in the second quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock worth $169,000 after purchasing an additional 365 shares during the last quarter. Finally, Hanseatic Management Services Inc. grew its stake in shares of Wynn Resorts, Limited by 808.1% in the second quarter. Hanseatic Management Services Inc. now owns 1,462 shares of the casino operator’s stock worth $196,000 after purchasing an additional 1,301 shares during the last quarter. 70.67% of the stock is currently owned by institutional investors.

Several brokerages recently weighed in on WYNN. Telsey Advisory Group reissued a “market perform” rating and issued a $157.00 price objective (up previously from $150.00) on shares of Wynn Resorts, Limited in a research note on Monday, October 2nd. TheStreet cut shares of Wynn Resorts, Limited from a “b-” rating to a “c+” rating in a research note on Friday, October 13th. Deutsche Bank AG set a $161.00 target price on shares of Wynn Resorts, Limited and gave the company a “buy” rating in a report on Monday, October 16th. Barclays PLC boosted their target price on shares of Wynn Resorts, Limited from $148.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Finally, Stifel Nicolaus boosted their target price on shares of Wynn Resorts, Limited from $134.00 to $153.00 and gave the company a “hold” rating in a report on Friday, October 27th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $148.11.

In related news, EVP Kimmarie Sinatra sold 20,795 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $152.03, for a total value of $3,161,463.85. Following the sale, the executive vice president now owns 226,992 shares in the company, valued at approximately $34,509,593.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Matt Maddox sold 42,900 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $143.44, for a total transaction of $6,153,576.00. Following the completion of the sale, the president now owns 350,586 shares in the company, valued at approximately $50,288,055.84. The disclosure for this sale can be found here. Insiders sold a total of 100,146 shares of company stock worth $14,671,932 in the last 90 days. 13.20% of the stock is currently owned by company insiders.

Wynn Resorts, Limited (NASDAQ WYNN) traded up $0.44 on Friday, hitting $154.03. 903,800 shares of the company were exchanged, compared to its average volume of 1,801,413. The company has a quick ratio of 1.92, a current ratio of 1.72 and a debt-to-equity ratio of 24.54. Wynn Resorts, Limited has a 12 month low of $82.51 and a 12 month high of $154.67. The firm has a market cap of $15,831.51, a price-to-earnings ratio of 34.69 and a beta of 1.72.

Wynn Resorts, Limited (NASDAQ:WYNN) last posted its earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.24. Wynn Resorts, Limited had a net margin of 6.24% and a return on equity of 132.96%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the business posted $0.74 EPS. The firm’s revenue was up 45.3% compared to the same quarter last year. sell-side analysts predict 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 will be paid on Tuesday, November 28th. Investors of record on Thursday, November 16th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.30%. Wynn Resorts, Limited’s dividend payout ratio is presently 55.25%.

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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.

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

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