Traders sold shares of Wynn Resorts, Limited (NASDAQ:WYNN) on strength during trading on Friday. $67.17 million flowed into the stock on the tick-up and $113.40 million flowed out of the stock on the tick-down, for a money net flow of $46.23 million out of the stock. Of all companies tracked, Wynn Resorts, Limited had the 14th highest net out-flow for the day. Wynn Resorts, Limited traded up $0.58 for the day and closed at $128.60
A number of equities analysts have recently issued reports on WYNN shares. Barclays PLC raised Wynn Resorts, Limited from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $87.00 to $144.00 in a research report on Friday, May 12th. Zacks Investment Research downgraded Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research report on Thursday, April 20th. Vetr raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $140.28 price target on the stock in a research report on Thursday, June 29th. Sanford C. Bernstein reissued an “outperform” rating on shares of Wynn Resorts, Limited in a research report on Wednesday, July 12th. Finally, Telsey Advisory Group downgraded Wynn Resorts, Limited from an “outperform” rating to a “market perform” rating and set a $150.00 price target on the stock. in a research report on Wednesday. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $125.62.
The company has a market capitalization of $13.09 billion, a P/E ratio of 48.88 and a beta of 1.73. The firm’s 50-day moving average is $134.05 and its 200 day moving average is $116.17.
Wynn Resorts, Limited (NASDAQ:WYNN) last announced its earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Wynn Resorts, Limited had a return on equity of 205.76% and a net margin of 5.02%. The business’s revenue was up 44.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.07 EPS. On average, equities analysts predict that Wynn Resorts, Limited will post $4.80 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Thursday, August 10th will be given a $0.50 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.56%. Wynn Resorts, Limited’s dividend payout ratio (DPR) is presently 74.91%.
In other Wynn Resorts, Limited news, Director John J. Hagenbuch sold 1,150 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $128.40, for a total transaction of $147,660.00. Following the completion of the sale, the director now directly owns 11,662 shares of the company’s stock, valued at approximately $1,497,400.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Patricia Mulroy sold 2,226 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $128.08, for a total value of $285,106.08. Following the sale, the director now directly owns 8,011 shares of the company’s stock, valued at $1,026,048.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,309 shares of company stock valued at $9,306,891. Insiders own 13.20% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in Wynn Resorts, Limited by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 180,152 shares of the casino operator’s stock valued at $15,587,000 after buying an additional 1,516 shares in the last quarter. AQR Capital Management LLC increased its stake in Wynn Resorts, Limited by 294.1% in the fourth quarter. AQR Capital Management LLC now owns 24,318 shares of the casino operator’s stock valued at $2,104,000 after buying an additional 18,148 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Wynn Resorts, Limited by 6.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,760 shares of the casino operator’s stock valued at $239,000 after buying an additional 160 shares in the last quarter. Teachers Advisors LLC increased its stake in Wynn Resorts, Limited by 6.2% in the fourth quarter. Teachers Advisors LLC now owns 88,872 shares of the casino operator’s stock valued at $7,688,000 after buying an additional 5,198 shares in the last quarter. Finally, Kentucky Retirement Systems bought a new stake in Wynn Resorts, Limited during the fourth quarter valued at approximately $498,000. 75.31% of the stock is owned by hedge funds and other institutional investors.
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About Wynn Resorts, Limited
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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