UBS AG cut shares of Wynn Resorts, Limited (NASDAQ:WYNN) from a buy rating to a hold rating in a research report report published on Wednesday, The Fly reports.

WYNN has been the topic of a number of other reports. Vetr upgraded shares of Wynn Resorts, Limited from a hold rating to a buy rating and set a $119.59 target price on the stock in a research note on Monday, April 17th. Telsey Advisory Group restated an outperform rating and issued a $145.00 target price (up from $110.00) on shares of Wynn Resorts, Limited in a research note on Wednesday, April 26th. TheStreet upgraded shares of Wynn Resorts, Limited from a c rating to a b- rating in a research note on Thursday, March 30th. Aegis restated a buy rating and issued a $132.00 target price (up from $121.00) on shares of Wynn Resorts, Limited in a research note on Saturday, April 29th. Finally, Sanford C. Bernstein restated an outperform rating on shares of Wynn Resorts, Limited in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $125.62.

Shares of Wynn Resorts, Limited (NASDAQ WYNN) opened at 128.60 on Wednesday. The company has a 50 day moving average price of $133.87 and a 200 day moving average price of $116.42. Wynn Resorts, Limited has a 1-year low of $82.51 and a 1-year high of $139.67. The company has a market capitalization of $13.11 billion, a PE ratio of 48.13 and a beta of 1.73.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its quarterly earnings results on Tuesday, July 25th. The casino operator reported $1.18 EPS for the quarter, beating the consensus estimate of $1.16 by $0.02. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.47 billion. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 205.76%. The firm’s revenue was up 44.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 EPS. Equities analysts predict that Wynn Resorts, Limited will post $4.80 EPS for the current fiscal year.

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The company 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 dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $2.00 dividend on an annualized basis and a yield of 1.56%. Wynn Resorts, Limited’s payout ratio is 74.91%.

In other Wynn Resorts, Limited news, President Matt Maddox sold 44,309 shares of the firm’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $134.35, for a total value of $5,952,914.15. Following the completion of the transaction, the president now owns 344,895 shares of the company’s stock, valued at $46,336,643.25. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kimmarie Sinatra sold 22,624 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $129.12, for a total transaction of $2,921,210.88. Following the completion of the transaction, the executive vice president now directly owns 221,067 shares of the company’s stock, valued at approximately $28,544,171.04. The disclosure for this sale can be found here. Insiders have sold 70,309 shares of company stock valued at $9,306,891 in the last three months. 13.20% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Wynn Resorts, Limited by 3.4% in the first quarter. Vanguard Group Inc. now owns 8,018,334 shares of the casino operator’s stock worth $918,982,000 after buying an additional 263,601 shares in the last quarter. BlackRock Inc. boosted its position in Wynn Resorts, Limited by 5,076.4% in the first quarter. BlackRock Inc. now owns 4,945,920 shares of the casino operator’s stock worth $566,852,000 after buying an additional 4,850,373 shares in the last quarter. State Street Corp boosted its position in Wynn Resorts, Limited by 0.8% in the first quarter. State Street Corp now owns 3,308,320 shares of the casino operator’s stock worth $379,153,000 after buying an additional 26,867 shares in the last quarter. OZ Management LP boosted its position in Wynn Resorts, Limited by 24.8% in the first quarter. OZ Management LP now owns 2,132,012 shares of the casino operator’s stock worth $244,350,000 after buying an additional 423,658 shares in the last quarter. Finally, Platinum Investment Management Ltd. boosted its position in Wynn Resorts, Limited by 0.7% in the first quarter. Platinum Investment Management Ltd. now owns 1,724,330 shares of the casino operator’s stock worth $197,625,000 after buying an additional 11,600 shares in the last quarter. 75.31% of the stock is owned by institutional investors and hedge funds.

About Wynn Resorts, Limited

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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Analyst Recommendations for Wynn Resorts, Limited (NASDAQ:WYNN)

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