Sei Investments Co. Buys 7,380 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Sei Investments Co. increased its position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 5.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,038 shares of the casino operator's stock after acquiring an additional 7,380 shares during the quarter. Sei Investments Co. owned about 0.12% of Wynn Resorts worth $14,214,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its position in Wynn Resorts by 0.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 27,904 shares of the casino operator's stock worth $2,542,000 after purchasing an additional 109 shares during the last quarter. Fifth Third Bancorp grew its position in Wynn Resorts by 8.5% in the 1st quarter. Fifth Third Bancorp now owns 1,416 shares of the casino operator's stock worth $145,000 after purchasing an additional 111 shares during the last quarter. Empirical Finance LLC grew its position in Wynn Resorts by 3.7% in the 1st quarter. Empirical Finance LLC now owns 3,220 shares of the casino operator's stock worth $329,000 after purchasing an additional 114 shares during the last quarter. Federated Hermes Inc. grew its position in Wynn Resorts by 47.5% in the 4th quarter. Federated Hermes Inc. now owns 435 shares of the casino operator's stock worth $40,000 after purchasing an additional 140 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in Wynn Resorts by 36.3% in the 1st quarter. Venturi Wealth Management LLC now owns 597 shares of the casino operator's stock worth $61,000 after purchasing an additional 159 shares during the last quarter. Institutional investors own 68.87% of the company's stock.

Wynn Resorts Stock Performance

Shares of NASDAQ WYNN traded down $1.44 during trading on Thursday, reaching $83.48. The company had a trading volume of 2,317,663 shares, compared to its average volume of 1,796,872. Wynn Resorts, Limited has a 52 week low of $81.65 and a 52 week high of $111.09. The stock has a market cap of $9.36 billion, a PE ratio of 11.44 and a beta of 1.82. The business's 50 day moving average price is $90.83 and its 200-day moving average price is $96.37.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its earnings results on Tuesday, May 7th. The casino operator reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm posted $0.29 earnings per share. The company's revenue was up 30.9% on a year-over-year basis. Equities analysts anticipate that Wynn Resorts, Limited will post 5.59 earnings per share for the current year.

Wynn Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Friday, May 17th. Wynn Resorts's dividend payout ratio is presently 13.70%.

Wall Street Analyst Weigh In

Several analysts have issued reports on WYNN shares. Stifel Nicolaus raised their price target on shares of Wynn Resorts from $135.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, May 8th. Barclays lifted their target price on shares of Wynn Resorts from $124.00 to $128.00 and gave the company an "overweight" rating in a research report on Thursday, May 9th. Citigroup lifted their target price on shares of Wynn Resorts from $132.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Wynn Resorts from $132.00 to $131.00 and set a "buy" rating on the stock in a research report on Thursday, July 11th. Finally, StockNews.com upgraded shares of Wynn Resorts from a "hold" rating to a "buy" rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $119.53.

Insiders Place Their Bets

In other Wynn Resorts news, Director Betsy S. Atkins sold 2,446 shares of the business's stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $94.39, for a total value of $230,877.94. Following the completion of the transaction, the director now directly owns 9,226 shares of the company's stock, valued at $870,842.14. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.52% of the company's stock.

About Wynn Resorts

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.