Insider Selling: Wynn Resorts, Limited (WYNN) President Sells $9,192,411.20 in Stock

Wynn Resorts, Limited (NASDAQ:WYNN) President Matt Maddox sold 59,260 shares of Wynn Resorts, Limited stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $155.12, for a total transaction of $9,192,411.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Matt Maddox also recently made the following trade(s):

  • On Friday, September 15th, Matt Maddox sold 42,900 shares of Wynn Resorts, Limited stock. The shares were sold at an average price of $143.44, for a total transaction of $6,153,576.00.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) opened at $152.28 on Friday. Wynn Resorts, Limited has a one year low of $85.57 and a one year high of $156.40. The stock has a market cap of $15,750.00, a PE ratio of 34.60 and a beta of 1.72. The company has a debt-to-equity ratio of 24.54, a quick ratio of 1.68 and a current ratio of 1.72.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Thursday, November 16th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $2.00 annualized dividend and a yield of 1.31%. Wynn Resorts, Limited’s dividend payout ratio is presently 55.40%.

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A number of hedge funds and other institutional investors have recently made changes to their positions in WYNN. Thrivent Financial For Lutherans grew its stake in Wynn Resorts, Limited by 5.4% during the 1st quarter. Thrivent Financial For Lutherans now owns 2,910 shares of the casino operator’s stock valued at $334,000 after acquiring an additional 150 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Wynn Resorts, Limited by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 188,926 shares of the casino operator’s stock valued at $21,652,000 after acquiring an additional 8,774 shares in the last quarter. Xact Kapitalforvaltning AB grew its stake in Wynn Resorts, Limited by 0.6% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 6,367 shares of the casino operator’s stock valued at $854,000 after acquiring an additional 39 shares in the last quarter. Bank of Montreal Can grew its stake in Wynn Resorts, Limited by 13.0% during the 2nd quarter. Bank of Montreal Can now owns 48,232 shares of the casino operator’s stock valued at $6,470,000 after acquiring an additional 5,547 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its stake in Wynn Resorts, Limited by 509.6% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 13,234 shares of the casino operator’s stock valued at $1,775,000 after acquiring an additional 11,063 shares in the last quarter. 70.67% of the stock is owned by institutional investors.

Several research firms have recently weighed in on WYNN. Barclays PLC lifted their price target on shares of Wynn Resorts, Limited from $148.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. Stifel Nicolaus lifted their price objective on shares of Wynn Resorts, Limited from $134.00 to $153.00 and gave the company a “hold” rating in a report on Friday, October 27th. Telsey Advisory Group lifted their price objective on shares of Wynn Resorts, Limited from $157.00 to $160.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Roth Capital initiated coverage on shares of Wynn Resorts, Limited in a report on Thursday, October 26th. They set a “buy” rating and a $163.00 price objective on the stock. Finally, TheStreet lowered shares of Wynn Resorts, Limited from a “b-” rating to a “c+” rating in a report on Friday, October 13th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Wynn Resorts, Limited presently has an average rating of “Buy” and a consensus price target of $148.11.

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.

Insider Buying and Selling by Quarter for Wynn Resorts, Limited (NASDAQ:WYNN)

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