Cambridge Investment Research Advisors Inc. grew its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 8.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,282 shares of the casino operator’s stock after buying an additional 337 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Wynn Resorts, Limited were worth $638,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. First Personal Financial Services boosted its holdings 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 valued at $106,000 after buying an additional 360 shares during the period. IFP Advisors Inc boosted its holdings 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 valued at $169,000 after buying an additional 365 shares during the period. Hanseatic Management Services Inc. boosted its holdings 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 valued at $196,000 after buying an additional 1,301 shares during the period. Northside Capital Management LLC acquired a new position in shares of Wynn Resorts, Limited in the second quarter valued at approximately $201,000. Finally, Meridian Investment Counsel Inc. acquired a new position in shares of Wynn Resorts, Limited in the second quarter valued at approximately $201,000. Institutional investors own 71.45% of the company’s stock.

Shares of Wynn Resorts, Limited (NASDAQ WYNN) opened at $159.42 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.68 and a debt-to-equity ratio of 24.54. Wynn Resorts, Limited has a 1 year low of $85.57 and a 1 year high of $159.99. The stock has a market cap of $16,310.55, a price-to-earnings ratio of 35.74 and a beta of 1.72.

Wynn Resorts, Limited (NASDAQ:WYNN) last posted its quarterly earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period in the prior year, the firm posted $0.74 earnings per share. The company’s quarterly revenue was up 45.3% compared to the same quarter last year. equities analysts anticipate that Wynn Resorts, Limited will post 5.34 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Wednesday, November 15th. Wynn Resorts, Limited’s dividend payout ratio (DPR) is currently 55.25%.

In other Wynn Resorts, Limited news, EVP Kimmarie Sinatra sold 21,451 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $143.62, for a total transaction of $3,080,792.62. Following the sale, the executive vice president now directly owns 223,443 shares of the company’s stock, valued at $32,090,883.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Matt Maddox sold 42,900 shares of the company’s stock in a transaction on 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 sale, the president now directly owns 350,586 shares in the company, valued at $50,288,055.84. The disclosure for this sale can be found here. Insiders have sold 159,406 shares of company stock worth $23,864,344 over the last ninety days. Insiders own 13.20% of the company’s stock.

Several research analysts have recently weighed in on the stock. UBS AG reiterated a “buy” rating and issued a $174.00 price target (up previously from $149.00) on shares of Wynn Resorts, Limited in a report on Friday, September 29th. Deutsche Bank AG set a $161.00 price objective on shares of Wynn Resorts, Limited and gave the stock a “buy” rating in a research report on Monday, October 16th. Zacks Investment Research lowered shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. 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 report on Monday, October 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $134.00 price objective on shares of Wynn Resorts, Limited in a research report on Thursday, October 12th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $148.49.

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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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