Insider Selling: Wynn Resorts, Limited (NASDAQ:WYNN) Director Sells $132,280.00 in Stock

Wynn Resorts, Limited (NASDAQ:WYNNGet Rating) Director Patricia Mulroy sold 2,000 shares of the business’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $66.14, for a total transaction of $132,280.00. Following the completion of the transaction, the director now owns 6,781 shares in the company, valued at $448,495.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Patricia Mulroy also recently made the following trade(s):

  • On Monday, August 8th, Patricia Mulroy sold 2,000 shares of Wynn Resorts stock. The stock was sold at an average price of $67.11, for a total transaction of $134,220.00.

Wynn Resorts Stock Performance

Shares of NASDAQ WYNN opened at $60.19 on Friday. The firm has a 50 day moving average price of $63.15 and a 200 day moving average price of $65.85. Wynn Resorts, Limited has a 52-week low of $50.20 and a 52-week high of $99.00.

Wynn Resorts (NASDAQ:WYNNGet Rating) last issued its quarterly earnings data on Tuesday, August 9th. The casino operator reported ($0.82) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.94) by $0.12. The firm had revenue of $908.83 million for the quarter, compared to analyst estimates of $980.84 million. The firm’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.12) EPS. On average, sell-side analysts forecast that Wynn Resorts, Limited will post -3.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Institute for Wealth Management LLC. grew its holdings in Wynn Resorts by 1.9% during the first quarter. Institute for Wealth Management LLC. now owns 7,563 shares of the casino operator’s stock valued at $603,000 after purchasing an additional 143 shares during the period. Mutual of America Capital Management LLC raised its position in shares of Wynn Resorts by 1.1% in the first quarter. Mutual of America Capital Management LLC now owns 13,893 shares of the casino operator’s stock valued at $1,108,000 after purchasing an additional 147 shares during the period. Fusion Capital LLC raised its position in shares of Wynn Resorts by 5.3% in the first quarter. Fusion Capital LLC now owns 3,131 shares of the casino operator’s stock valued at $250,000 after purchasing an additional 157 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Wynn Resorts by 0.5% in the second quarter. Janney Montgomery Scott LLC now owns 35,285 shares of the casino operator’s stock valued at $2,100,000 after purchasing an additional 162 shares during the period. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC raised its position in shares of Wynn Resorts by 4.6% in the first quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,020 shares of the casino operator’s stock valued at $290,000 after purchasing an additional 175 shares during the period. Institutional investors and hedge funds own 64.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on WYNN shares. UBS Group set a $67.00 target price on shares of Wynn Resorts in a research note on Monday, June 20th. Barclays boosted their target price on shares of Wynn Resorts to $71.00 in a research note on Monday, August 15th. Wells Fargo & Company dropped their target price on shares of Wynn Resorts from $79.00 to $77.00 and set an “equal weight” rating for the company in a research note on Thursday, August 11th. Citigroup dropped their target price on shares of Wynn Resorts from $92.00 to $87.50 and set a “buy” rating for the company in a research note on Tuesday, July 5th. Finally, Credit Suisse Group raised shares of Wynn Resorts from a “neutral” rating to an “outperform” rating and set a $117.00 target price for the company in a research note on Thursday, September 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $98.32.

About Wynn Resorts

(Get Rating)

Wynn Resorts, Limited designs, develops, and operates integrated resorts. Its Wynn Palace segment operates 424,000 square feet of casino space with 323 table games, 1,035 slot machines, private gaming salons, and sky casinos; a luxury hotel tower with 1,706 guest rooms, suites, and villas, including a health club, spa, salon, and pool; 14 food and beverage outlets; 107,000 square feet of retail space; 37,000 square feet of meeting and convention space; and performance lake and floral art displays.

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