Wynn Resorts Sees Unusually Large Options Volume (NASDAQ:WYNN)

Wynn Resorts, Limited (NASDAQ:WYNN - Get Free Report) saw unusually large options trading on Friday. Investors acquired 42,574 call options on the stock. This is an increase of 123% compared to the typical daily volume of 19,132 call options.

Wynn Resorts Stock Performance

Shares of NASDAQ:WYNN traded up $2.39 during trading on Tuesday, reaching $91.21. The stock had a trading volume of 5,185,612 shares, compared to its average volume of 2,918,731. Wynn Resorts has a 1-year low of $71.63 and a 1-year high of $110.38. The stock has a market cap of $10.02 billion, a PE ratio of 11.25, a PEG ratio of 2.32 and a beta of 1.76. The business has a fifty day moving average price of $85.45 and a 200-day moving average price of $87.06.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $1.15. The company had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.78 billion. Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. Sell-side analysts expect that Wynn Resorts will post 4.69 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a yield of 1.10%. Wynn Resorts's payout ratio is 12.33%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on WYNN shares. StockNews.com upgraded Wynn Resorts from a "hold" rating to a "buy" rating in a research report on Tuesday. Wells Fargo & Company lowered their price target on shares of Wynn Resorts from $125.00 to $122.00 and set an "overweight" rating on the stock in a report on Tuesday, November 5th. Morgan Stanley upped their price objective on shares of Wynn Resorts from $112.00 to $115.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. Macquarie restated an "outperform" rating and set a $115.00 target price on shares of Wynn Resorts in a research report on Friday. Finally, Barclays lifted their price target on Wynn Resorts from $115.00 to $116.00 and gave the company an "overweight" rating in a research note on Friday. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Wynn Resorts has an average rating of "Buy" and an average target price of $120.58.

Insiders Place Their Bets

In related news, Director Philip G. Satre bought 22,200 shares of the stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of $92.18 per share, for a total transaction of $2,046,396.00. Following the completion of the purchase, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Wynn Resorts by 18.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,125,668 shares of the casino operator's stock valued at $269,308,000 after purchasing an additional 485,204 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in shares of Wynn Resorts in the 4th quarter worth $14,413,000. Woodline Partners LP purchased a new position in shares of Wynn Resorts during the 4th quarter worth $479,000. Twinbeech Capital LP purchased a new position in shares of Wynn Resorts during the 4th quarter worth $363,000. Finally, Snowden Capital Advisors LLC grew its holdings in shares of Wynn Resorts by 5.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 2,589 shares of the casino operator's stock valued at $223,000 after purchasing an additional 138 shares during the period. 88.64% of the stock is owned by hedge funds and other institutional investors.

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.