Tower Research Capital LLC TRC Buys 480 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Tower Research Capital LLC TRC boosted its stake in Wynn Resorts, Limited (NASDAQ:WYNNFree Report) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,762 shares of the casino operator’s stock after buying an additional 480 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Wynn Resorts were worth $1,618,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of WYNN. Blue Trust Inc. boosted its stake in shares of Wynn Resorts by 3,000.0% in the 4th quarter. Blue Trust Inc. now owns 279 shares of the casino operator’s stock valued at $25,000 after purchasing an additional 270 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in Wynn Resorts by 4,285.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 307 shares of the casino operator’s stock valued at $28,000 after purchasing an additional 300 shares during the last quarter. GAMMA Investing LLC acquired a new position in Wynn Resorts in the fourth quarter valued at about $38,000. Venturi Wealth Management LLC grew its stake in Wynn Resorts by 1,083.8% during the fourth quarter. Venturi Wealth Management LLC now owns 438 shares of the casino operator’s stock worth $40,000 after buying an additional 401 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of Wynn Resorts by 47.5% during the fourth quarter. Federated Hermes Inc. now owns 435 shares of the casino operator’s stock worth $40,000 after buying an additional 140 shares in the last quarter. 68.87% of the stock is currently owned by institutional investors.

Wynn Resorts Trading Down 0.3 %

Shares of WYNN opened at $92.87 on Tuesday. The stock has a market cap of $10.41 billion, a P/E ratio of 12.72 and a beta of 1.85. Wynn Resorts, Limited has a 1 year low of $81.65 and a 1 year high of $112.25. The stock’s 50-day moving average price is $97.73 and its two-hundred day moving average price is $96.43.

Wynn Resorts (NASDAQ:WYNNGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The casino operator reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.16. Wynn Resorts had a net margin of 12.36% and a negative return on equity of 46.04%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the firm earned $0.29 EPS. Wynn Resorts’s quarterly revenue was up 30.9% compared to the same quarter last year. As a group, equities analysts forecast that Wynn Resorts, Limited will post 5.58 EPS for the current year.

Wynn Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Friday, May 17th. Wynn Resorts’s dividend payout ratio is currently 13.70%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on WYNN shares. Argus raised Wynn Resorts from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a report on Thursday, May 23rd. Citigroup increased their target price on Wynn Resorts from $132.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Barclays lifted their price target on Wynn Resorts from $124.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. Mizuho initiated coverage on shares of Wynn Resorts in a report on Thursday, April 4th. They set a “buy” rating and a $131.00 price objective on the stock. Finally, StockNews.com raised shares of Wynn Resorts from a “hold” rating to a “buy” rating in a research note on Friday, May 17th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $121.31.

Check Out Our Latest Research Report on Wynn Resorts

Insiders Place Their Bets

In other news, Director Betsy S. Atkins sold 2,446 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $94.39, for a total transaction of $230,877.94. Following the sale, the director now owns 9,226 shares of the company’s stock, valued at $870,842.14. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.52% of the company’s stock.

Wynn Resorts Company 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.

Featured Articles

Want to see what other hedge funds are holding WYNN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wynn Resorts, Limited (NASDAQ:WYNNFree Report).

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

Receive News & Ratings for Wynn Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wynn Resorts and related companies with MarketBeat.com's FREE daily email newsletter.