Wynn Resorts, Limited (NASDAQ:WYNN - Get Free Report) major shareholder Tilman J. Fertitta bought 11,475 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were bought at an average cost of $84.93 per share, for a total transaction of $974,571.75. Following the transaction, the insider now directly owns 12,600,000 shares of the company's stock, valued at $1,070,118,000. This trade represents a 0.09 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Wynn Resorts Price Performance
Shares of WYNN traded down $3.82 on Friday, hitting $82.33. The company's stock had a trading volume of 2,484,396 shares, compared to its average volume of 2,357,221. The company has a market capitalization of $8.74 billion, a PE ratio of 19.56, a PEG ratio of 2.35 and a beta of 1.77. Wynn Resorts, Limited has a fifty-two week low of $71.63 and a fifty-two week high of $110.38. The company has a 50 day moving average price of $85.96 and a 200 day moving average price of $89.12.
Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $1.15. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.78 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. On average, equities analysts forecast that Wynn Resorts, Limited will post 5.17 EPS for the current year.
Wynn Resorts Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Monday, February 24th. Wynn Resorts's dividend payout ratio is currently 23.75%.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on WYNN. Jefferies Financial Group upgraded shares of Wynn Resorts from a "hold" rating to a "buy" rating and increased their target price for the company from $105.00 to $118.00 in a research note on Tuesday, February 18th. Morgan Stanley reduced their price objective on Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. StockNews.com cut Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Barclays lifted their price target on shares of Wynn Resorts from $115.00 to $116.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, Macquarie reissued an "outperform" rating and issued a $115.00 price target on shares of Wynn Resorts in a report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $119.58.
Get Our Latest Report on WYNN
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of WYNN. New Wave Wealth Advisors LLC acquired a new stake in shares of Wynn Resorts in the 4th quarter valued at $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Wynn Resorts in the third quarter worth about $31,000. SBI Securities Co. Ltd. acquired a new stake in Wynn Resorts in the fourth quarter worth about $36,000. Spire Wealth Management raised its holdings in Wynn Resorts by 116.4% during the 4th quarter. Spire Wealth Management now owns 435 shares of the casino operator's stock worth $37,000 after purchasing an additional 234 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan acquired a new position in Wynn Resorts during the 4th quarter valued at about $45,000. Institutional investors own 88.64% of the company's stock.
Wynn Resorts Company Profile
(
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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.
Further Reading
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