NWI Management LP increased its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 9.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 180,000 shares of the casino operator’s stock after purchasing an additional 15,000 shares during the quarter. Wynn Resorts makes up approximately 1.6% of NWI Management LP’s portfolio, making the stock its 16th biggest position. NWI Management LP owned approximately 0.17% of Wynn Resorts worth $22,871,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Dupont Capital Management Corp lifted its stake in Wynn Resorts by 87.9% during the second quarter. Dupont Capital Management Corp now owns 823 shares of the casino operator’s stock worth $138,000 after purchasing an additional 385 shares during the last quarter. Crewe Advisors LLC lifted its stake in Wynn Resorts by 100.0% during the second quarter. Crewe Advisors LLC now owns 1,000 shares of the casino operator’s stock worth $175,000 after purchasing an additional 500 shares during the last quarter. Sun Life Financial INC lifted its stake in Wynn Resorts by 380.5% during the second quarter. Sun Life Financial INC now owns 1,057 shares of the casino operator’s stock worth $177,000 after purchasing an additional 837 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in Wynn Resorts during the second quarter worth approximately $201,000. Finally, Edgestream Partners L.P. purchased a new stake in Wynn Resorts during the second quarter worth approximately $217,000. Hedge funds and other institutional investors own 75.08% of the company’s stock.

In other Wynn Resorts news, Director Philip G. Satre acquired 9,800 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The shares were purchased at an average price of $103.01 per share, with a total value of $1,009,498.00. Following the completion of the acquisition, the director now directly owns 100 shares of the company’s stock, valued at approximately $10,301. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.95% of the company’s stock.

Several research analysts have commented on the company. Telsey Advisory Group cut their price target on Wynn Resorts from $160.00 to $105.00 and set a “market perform” rating on the stock in a research report on Thursday, November 8th. Credit Suisse Group assumed coverage on Wynn Resorts in a research report on Tuesday, August 14th. They set a “neutral” rating and a $155.00 price target on the stock. ValuEngine lowered Wynn Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. Bank of America cut their price target on Wynn Resorts from $125.00 to $114.00 and set a “neutral” rating on the stock in a research report on Thursday, November 8th. Finally, Morgan Stanley cut their price target on Wynn Resorts from $139.00 to $130.00 and set a “hold” rating on the stock in a research report on Thursday, November 8th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $168.11.

Shares of NASDAQ:WYNN traded up $0.35 during trading on Friday, reaching $112.76. The company had a trading volume of 15,850 shares, compared to its average volume of 3,398,849. The firm has a market cap of $12.00 billion, a P/E ratio of 20.60, a PEG ratio of 0.83 and a beta of 1.59. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 5.65. Wynn Resorts, Limited has a fifty-two week low of $92.50 and a fifty-two week high of $203.63.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Wednesday, November 7th. The casino operator reported $1.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.69 by ($0.01). The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.67 billion. Wynn Resorts had a net margin of 8.92% and a return on equity of 56.04%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 EPS. Research analysts forecast that Wynn Resorts, Limited will post 6.68 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Wednesday, November 21st were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Tuesday, November 20th. Wynn Resorts’s dividend payout ratio is presently 54.95%.

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Wynn Resorts Profile

Wynn Resorts, Limited owns and operates destination casino resorts. As of February 15, 2018, the company's Wynn Macau segment had approximately 273,000 square feet of casino space, which offered 316 table games and 988 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel towers with 1,008 guest rooms and suites; 8 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities comprising 2 health clubs, spas, a salon, and a pool; and a rotunda show, a Chinese zodiac-inspired ceiling.

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

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