Wynn Resorts, Limited $WYNN Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 6.0% during the second quarter, Holdings Channel reports. The institutional investor owned 29,021 shares of the casino operator’s stock after buying an additional 1,651 shares during the period. SG Americas Securities LLC’s holdings in Wynn Resorts were worth $2,718,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. New York State Common Retirement Fund raised its position in Wynn Resorts by 5.3% in the first quarter. New York State Common Retirement Fund now owns 59,684 shares of the casino operator’s stock worth $4,984,000 after acquiring an additional 3,000 shares in the last quarter. CWM LLC increased its stake in Wynn Resorts by 34.7% during the first quarter. CWM LLC now owns 2,861 shares of the casino operator’s stock worth $239,000 after acquiring an additional 737 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in Wynn Resorts by 1.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 7,057 shares of the casino operator’s stock worth $589,000 after purchasing an additional 132 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Wynn Resorts by 69.9% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 26,836 shares of the casino operator’s stock valued at $2,241,000 after purchasing an additional 11,038 shares during the period. Finally, Readystate Asset Management LP acquired a new position in shares of Wynn Resorts in the first quarter worth about $467,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WYNN. Argus raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Wednesday, September 3rd. UBS Group upgraded Wynn Resorts from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $101.00 to $147.00 in a report on Thursday, August 28th. Stifel Nicolaus raised their price objective on Wynn Resorts from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. Mizuho raised their price objective on shares of Wynn Resorts from $126.00 to $131.00 and gave the company an “outperform” rating in a research report on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Wynn Resorts in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $134.38.

Insider Activity at Wynn Resorts

In other Wynn Resorts news, Director Patricia Mulroy sold 4,438 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $125.00, for a total transaction of $554,750.00. Following the transaction, the director owned 3,066 shares in the company, valued at $383,250. This trade represents a 59.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.52% of the company’s stock.

Wynn Resorts Price Performance

WYNN opened at $120.29 on Wednesday. Wynn Resorts, Limited has a fifty-two week low of $65.25 and a fifty-two week high of $134.23. The company has a market cap of $12.51 billion, a price-to-earnings ratio of 36.12, a price-to-earnings-growth ratio of 4.94 and a beta of 1.32. The firm has a 50 day simple moving average of $123.45 and a 200 day simple moving average of $109.73.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Thursday, November 6th. The casino operator reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.23). The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.76 billion. Wynn Resorts had a negative return on equity of 56.78% and a net margin of 5.51%.The firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 earnings per share. As a group, analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, November 17th. Wynn Resorts’s payout ratio is 22.37%.

Wynn Resorts Company Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.