UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 10,465 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 624,469 shares of the casino operator's stock after acquiring an additional 10,465 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.57% of Wynn Resorts worth $59,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new position in shares of Wynn Resorts in the second quarter valued at approximately $25,000. Blue Trust Inc. boosted its holdings in Wynn Resorts by 556.0% in the 3rd quarter. Blue Trust Inc. now owns 551 shares of the casino operator's stock valued at $49,000 after purchasing an additional 467 shares during the period. GAMMA Investing LLC grew its position in shares of Wynn Resorts by 25.1% during the 2nd quarter. GAMMA Investing LLC now owns 828 shares of the casino operator's stock valued at $74,000 after purchasing an additional 166 shares in the last quarter. Allworth Financial LP raised its position in shares of Wynn Resorts by 17.5% during the 3rd quarter. Allworth Financial LP now owns 895 shares of the casino operator's stock valued at $86,000 after buying an additional 133 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Wynn Resorts by 703.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,028 shares of the casino operator's stock valued at $99,000 after purchasing an additional 900 shares during the last quarter. 68.87% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Patricia Mulroy sold 2,650 shares of the company's 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 completion of the transaction, the director now owns 5,689 shares of the company's stock, valued at $447,894.97. This represents a 31.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.52% of the stock is currently owned by company insiders.

Wynn Resorts Trading Down 2.5 %

NASDAQ:WYNN traded down $2.40 during mid-day trading on Tuesday, reaching $93.76. The company's stock had a trading volume of 3,042,852 shares, compared to its average volume of 2,222,541. The firm's fifty day moving average price is $95.22 and its two-hundred day moving average price is $87.84. The stock has a market cap of $10.30 billion, a P/E ratio of 11.54, a PEG ratio of 3.53 and a beta of 1.78. Wynn Resorts, Limited has a 12-month low of $71.63 and a 12-month high of $110.38.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released 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 net margin of 13.37% and a negative return on equity of 61.16%. The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the company earned $0.99 earnings per share. Wynn Resorts's quarterly revenue was up 1.3% compared to the same quarter last year. Analysts predict that Wynn Resorts, Limited will post 4.78 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Friday, November 15th. Wynn Resorts's dividend payout ratio is currently 12.33%.

Wall Street Analyst Weigh In

WYNN has been the subject of a number of research reports. Stifel Nicolaus cut their price objective on shares of Wynn Resorts from $121.00 to $103.00 and set a "buy" rating for the company in a research note on Friday, September 13th. Barclays lowered their target price on Wynn Resorts from $125.00 to $119.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. Wells Fargo & Company dropped their price objective on Wynn Resorts from $125.00 to $122.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. JPMorgan Chase & Co. raised their price target on shares of Wynn Resorts from $101.00 to $113.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Finally, Macquarie reissued an "outperform" rating and issued a $120.00 target price on shares of Wynn Resorts in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Wynn Resorts presently has a consensus rating of "Moderate Buy" and an average price target of $115.71.

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.