International Assets Investment Management LLC Acquires 68,398 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

International Assets Investment Management LLC increased its holdings in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 24,083.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 68,682 shares of the casino operator's stock after buying an additional 68,398 shares during the period. International Assets Investment Management LLC owned about 0.06% of Wynn Resorts worth $6,585,000 as of its most recent filing with the SEC.

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

Insider Transactions at Wynn Resorts

In other news, Director Patricia Mulroy sold 2,650 shares of Wynn Resorts stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $78.73, for a total value of $208,634.50. Following the transaction, the director now directly owns 5,689 shares in the company, valued at approximately $447,894.97. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.52% of the stock is owned by corporate insiders.

Wynn Resorts Price Performance

Wynn Resorts stock traded down $0.34 during trading hours on Friday, hitting $95.68. The company had a trading volume of 1,736,469 shares, compared to its average volume of 2,114,460. The firm's fifty day moving average is $89.07 and its 200-day moving average is $88.86. The firm has a market capitalization of $10.62 billion, a P/E ratio of 13.08, a price-to-earnings-growth ratio of 2.55 and a beta of 1.81. Wynn Resorts, Limited has a fifty-two week low of $71.63 and a fifty-two week high of $110.38.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The casino operator reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). Wynn Resorts had a net margin of 12.22% and a negative return on equity of 53.84%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the firm posted $0.91 EPS. The company's quarterly revenue was up 8.4% compared to the same quarter last year. Analysts anticipate that Wynn Resorts, Limited will post 5.42 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Monday, August 19th. Wynn Resorts's dividend payout ratio is 13.57%.

Wall Street Analysts Forecast Growth

WYNN has been the subject of several recent analyst reports. Susquehanna increased their price target on Wynn Resorts from $92.00 to $122.00 and gave the stock a "positive" rating in a research note on Friday, October 11th. Morgan Stanley raised their target price on shares of Wynn Resorts from $112.00 to $115.00 and gave the company an "overweight" rating in a research note on Tuesday, October 22nd. Wells Fargo & Company upped their price target on shares of Wynn Resorts from $115.00 to $125.00 and gave the stock an "overweight" rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. lowered their price objective on shares of Wynn Resorts from $110.00 to $101.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 7th. Finally, Stifel Nicolaus cut their target price on Wynn Resorts from $121.00 to $103.00 and set a "buy" rating for the company in a research report on Friday, September 13th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $116.21.

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.