Wynn Resorts (WYNN) Shares Gap Up to $159.54
Shares of Wynn Resorts, Limited (NASDAQ:WYNN) gapped up before the market opened on Monday . The stock had previously closed at $155.79, but opened at $159.54. Wynn Resorts shares last traded at $164.26, with a volume of 2561408 shares traded.
Several analysts have recently weighed in on WYNN shares. Deutsche Bank reiterated a “buy” rating and set a $167.00 target price on shares of Wynn Resorts in a research report on Tuesday, November 21st. Morgan Stanley lifted their target price on Wynn Resorts from $151.00 to $158.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. UBS reiterated a “buy” rating and set a $174.00 target price (up from $149.00) on shares of Wynn Resorts in a research report on Friday, September 29th. TheStreet downgraded Wynn Resorts from a “b-” rating to a “c+” rating in a research report on Friday, October 13th. Finally, Telsey Advisory Group lifted their price objective on Wynn Resorts from $157.00 to $160.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $148.49.
The company has a current ratio of 1.72, a quick ratio of 1.68 and a debt-to-equity ratio of 24.54. The firm has a market cap of $16,400.00, a price-to-earnings ratio of 35.93 and a beta of 1.73.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Thursday, November 16th were issued a $0.50 dividend. The ex-dividend date was Wednesday, November 15th. This represents a $2.00 dividend on an annualized basis and a yield of 1.22%. Wynn Resorts’s dividend payout ratio is presently 55.40%.
In other Wynn Resorts news, President Matt Maddox sold 42,900 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $143.44, for a total value of $6,153,576.00. Following the completion of the transaction, the president now directly owns 350,586 shares in the company, valued at $50,288,055.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kimmarie Sinatra sold 20,795 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $152.03, for a total transaction of $3,161,463.85. Following the completion of the transaction, the executive vice president now owns 226,992 shares of the company’s stock, valued at $34,509,593.76. The disclosure for this sale can be found here. Insiders sold 159,406 shares of company stock valued at $23,864,344 over the last quarter. 13.20% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in WYNN. First Personal Financial Services raised its holdings in Wynn Resorts by 102.9% in the third quarter. First Personal Financial Services now owns 710 shares of the casino operator’s stock worth $106,000 after purchasing an additional 360 shares in the last quarter. IFP Advisors Inc raised its holdings in Wynn Resorts by 40.8% in the second quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock worth $169,000 after purchasing an additional 365 shares in the last quarter. Hanseatic Management Services Inc. raised its holdings in Wynn Resorts by 808.1% in the second quarter. Hanseatic Management Services Inc. now owns 1,462 shares of the casino operator’s stock worth $196,000 after purchasing an additional 1,301 shares in the last quarter. Meridian Investment Counsel Inc. bought a new position in Wynn Resorts in the second quarter worth about $201,000. Finally, Sun Life Financial INC raised its holdings in Wynn Resorts by 30,080.0% in the second quarter. Sun Life Financial INC now owns 1,509 shares of the casino operator’s stock worth $203,000 after purchasing an additional 1,504 shares in the last quarter. Institutional investors and hedge funds own 72.04% of the company’s stock.
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Wynn Resorts 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.
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