7,500 Shares in Wynn Resorts, Limited (NASDAQ:WYNN) Bought by Crystal Rock Capital Management

Crystal Rock Capital Management purchased a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 7,500 shares of the casino operator's stock, valued at approximately $719,000. Wynn Resorts comprises 0.4% of Crystal Rock Capital Management's investment portfolio, making the stock its 26th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Interval Partners LP raised its stake in Wynn Resorts by 999.0% during the 1st quarter. Interval Partners LP now owns 400,911 shares of the casino operator's stock valued at $40,985,000 after purchasing an additional 364,432 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Wynn Resorts by 29.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,345,100 shares of the casino operator's stock worth $120,386,000 after acquiring an additional 303,033 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of Wynn Resorts by 6,720.4% during the second quarter. Sequoia Financial Advisors LLC now owns 257,537 shares of the casino operator's stock worth $23,050,000 after buying an additional 253,761 shares in the last quarter. Janus Henderson Group PLC lifted its position in Wynn Resorts by 22.2% during the first quarter. Janus Henderson Group PLC now owns 1,125,718 shares of the casino operator's stock valued at $115,082,000 after buying an additional 204,852 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Wynn Resorts by 1.5% during the first quarter. Vanguard Group Inc. now owns 11,028,618 shares of the casino operator's stock worth $1,127,456,000 after acquiring an additional 166,594 shares during the last quarter. Institutional investors own 68.87% of the company's stock.

Analyst Upgrades and Downgrades

WYNN has been the subject of several research reports. Susquehanna increased their price objective on Wynn Resorts from $92.00 to $122.00 and gave the company a "positive" rating in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft reduced their target price on Wynn Resorts from $122.00 to $118.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Wells Fargo & Company lowered their price objective on Wynn Resorts from $125.00 to $122.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. Stifel Nicolaus lowered their target price on Wynn Resorts from $121.00 to $103.00 and set a "buy" rating on the stock in a research note on Friday, September 13th. Finally, StockNews.com lowered Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Tuesday, September 17th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Wynn Resorts has an average rating of "Moderate Buy" and an average target price of $115.71.

Insiders Place Their Bets

In other Wynn Resorts news, Director Patricia Mulroy sold 2,650 shares of Wynn Resorts stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $78.73, for a total value of $208,634.50. Following the completion of the sale, the director now directly owns 5,689 shares in the company, valued at $447,894.97. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by corporate insiders.

Wynn Resorts Stock Performance

Shares of NASDAQ:WYNN traded down $0.98 during midday trading on Tuesday, hitting $85.50. 3,791,001 shares of the stock were exchanged, compared to its average volume of 2,182,825. The stock has a market capitalization of $9.39 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of 2.41 and a beta of 1.80. Wynn Resorts, Limited has a 12 month low of $71.63 and a 12 month high of $110.38. The business's 50-day moving average price is $91.15 and its 200 day moving average price is $88.36.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.11). Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The business had revenue of $1.69 billion during the quarter, compared to analysts' expectations of $1.73 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. The firm's revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, sell-side analysts expect that Wynn Resorts, Limited will post 4.9 EPS for the current year.

Wynn Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.17%. Wynn Resorts's payout ratio is 12.33%.

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.