Quantbot Technologies LP increased its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 230.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,186 shares of the casino operator’s stock after acquiring an additional 5,011 shares during the quarter. Quantbot Technologies LP’s holdings in Wynn Resorts were worth $1,070,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in WYNN. Monetta Financial Services Inc. acquired a new position in Wynn Resorts in the second quarter valued at $1,542,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Wynn Resorts by 28.6% in the second 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 in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Wynn Resorts by 26.0% in the second 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 in the last quarter. Gotham Asset Management LLC purchased a new stake in Wynn Resorts during the second quarter worth about $528,000. Finally, Maverick Capital Ltd. boosted its holdings in Wynn Resorts by 36.9% during the second quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator’s stock worth $169,024,000 after buying an additional 339,550 shares in the last quarter. Hedge funds and other institutional investors own 72.04% of the company’s stock.
In related news, President Matt Maddox sold 42,900 shares of the 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 completion of the transaction, the president now owns 350,586 shares in the company, valued at approximately $50,288,055.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alvin V. Shoemaker sold 15,000 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $151.74, for a total transaction of $2,276,100.00. Following the completion of the transaction, the director now owns 19,162 shares of the company’s stock, valued at approximately $2,907,641.88. The disclosure for this sale can be found here. Insiders sold a total of 159,406 shares of company stock valued at $23,864,344 in the last quarter. 13.20% of the stock is currently owned by insiders.
Wynn Resorts (NASDAQ:WYNN) last issued its earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the prior year, the company earned $0.74 earnings per share. The firm’s revenue was up 45.3% compared to the same quarter last year. sell-side analysts predict that Wynn Resorts, Limited will post 5.34 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Thursday, November 16th were given a $0.50 dividend. The ex-dividend date was Wednesday, November 15th. This represents a $2.00 dividend on an annualized basis and a yield of 1.27%. Wynn Resorts’s dividend payout ratio is presently 55.25%.
A number of analysts recently commented on WYNN shares. Deutsche Bank raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $138.00 to $150.00 in a report on Tuesday, August 15th. Zacks Investment Research upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $162.00 target price for the company in a research report on Tuesday, September 26th. UBS restated a “buy” rating and set a $174.00 target price (up previously from $149.00) on shares of Wynn Resorts in a research report on Friday, September 29th. Telsey Advisory Group reissued a “market perform” rating and issued a $157.00 price objective (up previously from $150.00) on shares of Wynn Resorts in a research report on Monday, October 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $134.00 price objective on shares of Wynn Resorts in a research report on Thursday, October 12th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $148.49.
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.
Receive News & Ratings for Wynn Resorts Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wynn Resorts Limited and related companies with MarketBeat.com's FREE daily email newsletter.