Wynn Resorts, Limited (WYNN) Shares Bought by Capital International Investors

Capital International Investors grew its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 0.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,143,896 shares of the casino operator’s stock after buying an additional 8,534 shares during the period. Capital International Investors owned approximately 3.06% of Wynn Resorts worth $468,189,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Sunbelt Securities Inc. lifted its position in Wynn Resorts by 0.4% in the 2nd quarter. Sunbelt Securities Inc. now owns 2,050 shares of the casino operator’s stock valued at $275,000 after acquiring an additional 8 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Wynn Resorts by 0.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,932 shares of the casino operator’s stock valued at $796,000 after acquiring an additional 35 shares in the last quarter. Cookson Peirce & Co. Inc. lifted its position in Wynn Resorts by 1.3% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 3,230 shares of the casino operator’s stock valued at $433,000 after acquiring an additional 40 shares in the last quarter. Global X Management Co. LLC lifted its position in Wynn Resorts by 2.1% in the 2nd quarter. Global X Management Co. LLC now owns 2,127 shares of the casino operator’s stock valued at $285,000 after acquiring an additional 43 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its position in Wynn Resorts by 2.3% in the 2nd quarter. Wedbush Securities Inc. now owns 3,291 shares of the casino operator’s stock valued at $441,000 after acquiring an additional 73 shares in the last quarter. 72.04% of the stock is owned by institutional investors.

Shares of Wynn Resorts, Limited (WYNN) opened at $159.54 on Friday. The company has a debt-to-equity ratio of 24.54, a quick ratio of 1.68 and a current ratio of 1.72. The company has a market cap of $16,334.19, a PE ratio of 35.79 and a beta of 1.73. Wynn Resorts, Limited has a 52-week low of $85.57 and a 52-week high of $160.97.

Wynn Resorts (NASDAQ:WYNN) last issued its earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.24. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Wynn Resorts had a net margin of 6.24% and a return on equity of 132.96%. Wynn Resorts’s quarterly revenue was up 45.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 EPS. sell-side analysts anticipate that Wynn Resorts, Limited will post 5.34 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Thursday, November 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.25%. Wynn Resorts’s payout ratio is 55.25%.

WYNN has been the topic of several research reports. Stifel Nicolaus boosted their price objective on shares of Wynn Resorts from $134.00 to $153.00 and gave the company a “hold” rating in a research report on Friday, October 27th. TheStreet cut shares of Wynn Resorts from a “b-” rating to a “c+” rating in a research report on Friday, October 13th. Telsey Advisory Group boosted their price target on shares of Wynn Resorts from $157.00 to $160.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Zacks Investment Research raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $162.00 price target on the stock in a research report on Tuesday, September 26th. Finally, UBS reissued a “buy” rating and set a $174.00 price target (up from $149.00) on shares of Wynn Resorts in a research report on Friday, September 29th. Eleven research 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 has an average rating of “Buy” and a consensus price target of $148.49.

In other news, President Matt Maddox sold 42,900 shares of the company’s stock in a transaction dated 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 sale, 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 company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 223,443 shares in the company, valued at $32,090,883.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 159,406 shares of company stock worth $23,864,344. 13.20% of the stock is owned by insiders.

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Wynn Resorts Company 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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Institutional Ownership by Quarter for Wynn Resorts (NASDAQ:WYNN)

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