CIBC Asset Management Inc increased its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 32.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,584 shares of the casino operator’s stock after buying an additional 3,099 shares during the period. CIBC Asset Management Inc’s holdings in Wynn Resorts, Limited were worth $1,688,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake 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 during the period. OZ Management LP increased its stake 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 during the period. American Century Companies Inc. increased its stake in Wynn Resorts, Limited by 76.6% in the first quarter. American Century Companies Inc. now owns 856,721 shares of the casino operator’s stock worth $98,189,000 after buying an additional 371,701 shares during the period. TIAA CREF Investment Management LLC increased its stake in Wynn Resorts, Limited by 142.5% in the first quarter. TIAA CREF Investment Management LLC now owns 599,398 shares of the casino operator’s stock worth $68,697,000 after buying an additional 352,191 shares during the period. Finally, Wellington Management Group LLP increased its stake in Wynn Resorts, Limited by 134.1% in the first quarter. Wellington Management Group LLP now owns 565,881 shares of the casino operator’s stock worth $64,855,000 after buying an additional 324,175 shares during the period. 75.06% of the stock is currently owned by institutional investors and hedge funds.

Wynn Resorts, Limited (NASDAQ WYNN) opened at 129.85 on Thursday. Wynn Resorts, Limited has a one year low of $82.51 and a one year high of $139.67. The stock has a 50 day moving average of $132.61 and a 200 day moving average of $118.52. The firm has a market cap of $13.24 billion, a PE ratio of 48.60 and a beta of 1.72.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its quarterly earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 165.77%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the company posted $1.07 earnings per share. The company’s revenue for the quarter was up 44.5% compared to the same quarter last year. On average, equities analysts forecast that Wynn Resorts, Limited will post $4.92 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 22nd. Stockholders of record on Thursday, August 10th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Tuesday, August 8th. Wynn Resorts, Limited’s dividend payout ratio (DPR) is 74.91%.

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WYNN has been the topic of a number of research analyst reports. Union Gaming Research raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a research note on Wednesday, April 26th. Zacks Investment Research raised shares of Wynn Resorts, Limited from a “hold” rating to a “strong-buy” rating and set a $144.00 price target on the stock 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 target (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 equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $125.62.

In other news, Director Patricia Mulroy sold 2,226 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $128.08, for a total transaction of $285,106.08. Following the completion of the transaction, the director now owns 8,011 shares of the company’s stock, valued at $1,026,048.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Clark T. Jr. Randt sold 3,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $129.00, for a total transaction of $387,000.00. Following the transaction, the director now directly owns 7,711 shares of the company’s stock, valued at approximately $994,719. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,309 shares of company stock valued at $9,693,891. Corporate insiders own 13.20% of the company’s stock.

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

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