Oak Thistle LLC Takes $660,000 Position in Wynn Resorts, Limited (NASDAQ:WYNN)

Oak Thistle LLC purchased a new stake in shares of Wynn Resorts, Limited (NASDAQ:WYNNFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,247 shares of the casino operator’s stock, valued at approximately $660,000.

Several other large investors have also made changes to their positions in WYNN. American Century Companies Inc. lifted its stake in shares of Wynn Resorts by 12.0% during the first quarter. American Century Companies Inc. now owns 9,786 shares of the casino operator’s stock valued at $780,000 after acquiring an additional 1,048 shares during the period. MetLife Investment Management LLC lifted its stake in shares of Wynn Resorts by 43.5% during the first quarter. MetLife Investment Management LLC now owns 33,369 shares of the casino operator’s stock valued at $2,661,000 after acquiring an additional 10,117 shares during the period. Panagora Asset Management Inc. lifted its stake in shares of Wynn Resorts by 147.2% during the first quarter. Panagora Asset Management Inc. now owns 12,728 shares of the casino operator’s stock valued at $1,015,000 after acquiring an additional 7,580 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Wynn Resorts by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,083 shares of the casino operator’s stock valued at $1,123,000 after acquiring an additional 872 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Wynn Resorts by 0.4% during the first quarter. BlackRock Inc. now owns 6,846,725 shares of the casino operator’s stock valued at $545,957,000 after acquiring an additional 30,460 shares during the period. Institutional investors and hedge funds own 68.87% of the company’s stock.

Wynn Resorts Price Performance

Shares of Wynn Resorts stock opened at $105.26 on Wednesday. Wynn Resorts, Limited has a 1 year low of $81.65 and a 1 year high of $117.86. The business has a 50-day moving average of $101.22 and a two-hundred day moving average of $93.99. The company has a market capitalization of $11.80 billion, a P/E ratio of 17.60 and a beta of 1.93.

Wynn Resorts (NASDAQ:WYNNGet Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The casino operator reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.76. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.74 billion. Wynn Resorts had a negative return on equity of 31.17% and a net margin of 11.18%. Wynn Resorts’s quarterly revenue was up 83.1% on a year-over-year basis. During the same period last year, the company earned ($1.23) earnings per share. On average, equities analysts anticipate that Wynn Resorts, Limited will post 5.27 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, February 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.95%. Wynn Resorts’s payout ratio is presently 16.72%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on WYNN shares. Barclays increased their target price on Wynn Resorts from $108.00 to $117.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Morgan Stanley increased their target price on Wynn Resorts from $99.00 to $107.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 13th. StockNews.com lowered Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Wells Fargo & Company increased their target price on Wynn Resorts from $122.00 to $124.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. increased their target price on Wynn Resorts from $118.00 to $123.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Wynn Resorts currently has an average rating of “Moderate Buy” and a consensus price target of $119.62.

View Our Latest Analysis on WYNN

Insider Buying and Selling

In related news, EVP Ellen F. Whittemore sold 4,180 shares of the stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $95.26, for a total transaction of $398,186.80. Following the completion of the transaction, the executive vice president now directly owns 74,144 shares in the company, valued at $7,062,957.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Wynn Resorts news, EVP Ellen F. Whittemore sold 4,180 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $95.26, for a total value of $398,186.80. Following the completion of the transaction, the executive vice president now directly owns 74,144 shares in the company, valued at $7,062,957.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Patricia Mulroy sold 960 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $105.17, for a total value of $100,963.20. Following the completion of the transaction, the director now owns 522 shares of the company’s stock, valued at $54,898.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,828 shares of company stock worth $7,345,942. 0.52% of the stock is owned by corporate insiders.

Wynn Resorts Profile

(Free Report)

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.

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

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