3,355 Shares in Wynn Resorts, Limited (NASDAQ:WYNN) Purchased by Investment Management Corp of Ontario

Investment Management Corp of Ontario acquired a new position in Wynn Resorts, Limited (NASDAQ:WYNN) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,355 shares of the casino operator’s stock, valued at approximately $322,000.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in shares of Wynn Resorts in the 2nd quarter worth about $25,000. Blue Trust Inc. grew its stake in shares of Wynn Resorts by 556.0% in the 3rd quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock worth $49,000 after purchasing an additional 467 shares during the last quarter. Allworth Financial LP grew its stake in shares of Wynn Resorts by 17.5% in the 3rd quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock worth $86,000 after purchasing an additional 133 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Wynn Resorts by 703.1% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,028 shares of the casino operator’s stock worth $99,000 after purchasing an additional 900 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of Wynn Resorts by 207.4% in the 3rd quarter. Covestor Ltd now owns 1,408 shares of the casino operator’s stock worth $135,000 after purchasing an additional 950 shares during the last quarter. Institutional investors and hedge funds own 68.87% of the company’s stock.

Insiders Place Their Bets

In other Wynn Resorts news, Director Patricia Mulroy sold 2,650 shares of Wynn Resorts stock in a transaction on Monday, September 16th. The shares were sold at an average price of $78.73, for a total transaction of $208,634.50. Following the sale, the director now owns 5,689 shares in the company, valued at $447,894.97. The trade was a 31.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.52% of the company’s stock.

Wynn Resorts Trading Down 0.0 %

Shares of WYNN stock opened at $94.37 on Friday. Wynn Resorts, Limited has a 1 year low of $71.63 and a 1 year high of $110.38. The firm’s fifty day simple moving average is $95.62 and its 200 day simple moving average is $87.83. The firm has a market capitalization of $10.36 billion, a P/E ratio of 11.64, a price-to-earnings-growth ratio of 3.48 and a beta of 1.78.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period last year, the firm posted $0.99 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. Equities research analysts anticipate that Wynn Resorts, Limited will post 4.78 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.06%. Wynn Resorts’s dividend payout ratio is currently 12.33%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Susquehanna raised their price target on shares of Wynn Resorts from $92.00 to $122.00 and gave the stock a “positive” rating in a report on Friday, October 11th. 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. Macquarie reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Wynn Resorts in a research report on Tuesday, November 5th. Finally, StockNews.com lowered shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Wynn Resorts has an average rating of “Moderate Buy” and a consensus target price 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.