Proficio Capital Partners LLC Buys Shares of 20,334 Wynn Resorts, Limited (NASDAQ:WYNN)

Proficio Capital Partners LLC purchased a new stake in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 20,334 shares of the casino operator's stock, valued at approximately $1,752,000.

Other large investors have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new position in Wynn Resorts in the 4th quarter valued at $26,000. Wilmington Savings Fund Society FSB bought a new position in Wynn Resorts in the 3rd quarter valued at $31,000. Spire Wealth Management boosted its holdings in Wynn Resorts by 116.4% in the 4th quarter. Spire Wealth Management now owns 435 shares of the casino operator's stock valued at $37,000 after purchasing an additional 234 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Wynn Resorts by 15.0% during the 4th quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator's stock worth $81,000 after acquiring an additional 122 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Wynn Resorts by 207.4% during the 3rd quarter. Covestor Ltd now owns 1,408 shares of the casino operator's stock worth $135,000 after acquiring an additional 950 shares during the last quarter. 88.64% of the stock is owned by institutional investors.

Insider Buying and Selling at Wynn Resorts

In related news, Director Philip G. Satre purchased 22,200 shares of Wynn Resorts stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price of $92.18 per share, for a total transaction of $2,046,396.00. Following the completion of the transaction, the director now directly owns 34,195 shares of the company's stock, valued at $3,152,095.10. This represents a 185.08 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.52% of the company's stock.

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Wynn Resorts Trading Up 0.6 %

Shares of WYNN stock traded up $0.53 during mid-day trading on Friday, reaching $88.72. The stock had a trading volume of 1,889,570 shares, compared to its average volume of 2,729,193. The stock's 50-day moving average price is $85.35 and its two-hundred day moving average price is $88.39. Wynn Resorts, Limited has a 52-week low of $71.63 and a 52-week high of $110.38. The firm has a market capitalization of $9.44 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 2.35 and a beta of 1.77.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $1.15. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. The firm had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.78 billion. On average, equities research analysts forecast that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Monday, February 24th. Wynn Resorts's payout ratio is 23.75%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Mizuho lifted their price objective on shares of Wynn Resorts from $118.00 to $132.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. Barclays lifted their price objective on shares of Wynn Resorts from $115.00 to $116.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Stifel Nicolaus lifted their price objective on shares of Wynn Resorts from $123.00 to $128.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Macquarie reissued an "outperform" rating and issued a $115.00 price target on shares of Wynn Resorts in a research note on Friday, February 14th. Finally, StockNews.com downgraded shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Two investment 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. According to MarketBeat, Wynn Resorts has a consensus rating of "Moderate Buy" and a consensus target price of $119.58.

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.