Boothbay Fund Management LLC reduced its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 20.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,384 shares of the casino operator’s stock after selling 1,134 shares during the period. Boothbay Fund Management LLC’s holdings in Wynn Resorts were worth $653,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Monetta Financial Services Inc. bought a new position in shares of Wynn Resorts during the 2nd quarter valued at approximately $1,542,000. Toronto Dominion Bank grew its position in shares of Wynn Resorts by 26.0% during the 2nd quarter. Toronto Dominion Bank now owns 27,068 shares of the casino operator’s stock valued at $3,629,000 after acquiring an additional 5,593 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Wynn Resorts by 28.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 46,525 shares of the casino operator’s stock valued at $6,240,000 after acquiring an additional 10,335 shares during the period. Gotham Asset Management LLC bought a new position in shares of Wynn Resorts during the 2nd quarter valued at approximately $528,000. Finally, Maverick Capital Ltd. grew its position in shares of Wynn Resorts by 36.9% during the 2nd quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator’s stock valued at $169,024,000 after acquiring an additional 339,550 shares during the period. 72.04% of the stock is owned by hedge funds and other institutional investors.
Wynn Resorts, Limited (WYNN) opened at $159.54 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.72 and a debt-to-equity ratio of 24.54. Wynn Resorts, Limited has a fifty-two week low of $85.57 and a fifty-two week high of $160.97. The company has a market cap of $16,400.00, a price-to-earnings ratio of 35.55 and a beta of 1.73.
Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Thursday, October 26th. The casino operator reported $1.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.24. Wynn Resorts had a net margin of 6.24% and a return on equity of 132.96%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the firm earned $0.74 EPS. The business’s quarterly revenue was up 45.3% compared to the same quarter last year. equities research analysts anticipate that Wynn Resorts, Limited will post 5.34 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Thursday, November 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Wednesday, November 15th. Wynn Resorts’s payout ratio is 55.40%.
Several research firms recently commented on WYNN. Barclays raised their price objective on shares of Wynn Resorts from $148.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, October 27th. Citigroup raised their price objective on shares of Wynn Resorts to $161.00 and gave the stock a “buy” rating in a report on Monday, October 16th. Zacks Investment Research raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $162.00 price objective for the company in a report on Tuesday, September 26th. Stifel Nicolaus raised their price objective on shares of Wynn Resorts from $134.00 to $153.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $157.00 price objective (up from $150.00) on shares of Wynn Resorts in a report on Monday, October 2nd. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Wynn Resorts currently has an average rating of “Buy” and a consensus target price of $148.49.
In other Wynn Resorts news, President Matt Maddox sold 42,900 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $143.44, for a total value of $6,153,576.00. Following the completion of the transaction, the president now directly owns 350,586 shares of the company’s stock, valued at approximately $50,288,055.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Kimmarie Sinatra sold 21,451 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $143.62, for a total transaction of $3,080,792.62. Following the completion of the transaction, the executive vice president now directly owns 223,443 shares of the company’s stock, valued at $32,090,883.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 159,406 shares of company stock valued at $23,864,344. Insiders own 13.20% of the company’s stock.
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Wynn Resorts Profile
Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.
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