Edgestream Partners L.P. raised its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 394.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,422 shares of the casino operator’s stock after buying an additional 5,124 shares during the period. Edgestream Partners L.P.’s holdings in Wynn Resorts were worth $816,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Wynn Resorts by 12.6% in the second quarter. BlackRock Inc. now owns 5,723,598 shares of the casino operator’s stock worth $957,788,000 after purchasing an additional 641,845 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Wynn Resorts by 15.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,010,495 shares of the casino operator’s stock worth $169,096,000 after purchasing an additional 136,113 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Wynn Resorts by 7.8% in the second quarter. Northern Trust Corp now owns 1,005,497 shares of the casino operator’s stock valued at $168,260,000 after acquiring an additional 73,166 shares in the last quarter. Putnam Investments LLC grew its holdings in shares of Wynn Resorts by 34.9% in the second quarter. Putnam Investments LLC now owns 761,801 shares of the casino operator’s stock valued at $127,480,000 after acquiring an additional 197,228 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Wynn Resorts by 8.6% in the second quarter. Bank of New York Mellon Corp now owns 735,421 shares of the casino operator’s stock valued at $123,065,000 after acquiring an additional 58,243 shares in the last quarter. 75.08% of the stock is currently owned by institutional investors.

In other news, Director Philip G. Satre purchased 9,800 shares of the stock in a transaction on Tuesday, November 13th. The shares were acquired at an average price of $103.01 per share, for a total transaction of $1,009,498.00. Following the completion of the transaction, the director now directly owns 100 shares of the company’s stock, valued at approximately $10,301. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.95% of the company’s stock.

WYNN has been the subject of several recent analyst reports. BidaskClub lowered Wynn Resorts from a “hold” rating to a “sell” rating in a report on Friday, August 17th. Jefferies Financial Group lowered Wynn Resorts from a “buy” rating to a “hold” rating and set a $170.00 price objective for the company. in a report on Tuesday, August 14th. Sanford C. Bernstein initiated coverage on Wynn Resorts in a report on Thursday, November 15th. They set an “outperform” rating for the company. ValuEngine raised Wynn Resorts from a “strong sell” rating to a “sell” rating in a report on Monday, November 26th. Finally, Morgan Stanley restated a “hold” rating on shares of Wynn Resorts in a research report on Monday, December 3rd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $168.11.

Shares of WYNN stock traded down $7.42 on Friday, reaching $104.99. The company’s stock had a trading volume of 3,342,763 shares, compared to its average volume of 2,906,982. Wynn Resorts, Limited has a 12-month low of $92.50 and a 12-month high of $203.63. The company has a debt-to-equity ratio of 5.65, a quick ratio of 1.11 and a current ratio of 1.14. The company has a market capitalization of $12.22 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 0.84 and a beta of 1.59.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Wednesday, November 7th. The casino operator reported $1.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.69 by ($0.01). Wynn Resorts had a net margin of 8.92% and a return on equity of 56.04%. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the business earned $1.52 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, sell-side analysts forecast that Wynn Resorts, Limited will post 6.68 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Wednesday, November 21st were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, November 20th. This represents a $3.00 dividend on an annualized basis and a yield of 2.86%. Wynn Resorts’s payout ratio is 54.95%.

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About Wynn Resorts

Wynn Resorts, Limited owns and operates destination casino resorts. As of February 15, 2018, the company's Wynn Macau segment had approximately 273,000 square feet of casino space, which offered 316 table games and 988 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel towers with 1,008 guest rooms and suites; 8 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities comprising 2 health clubs, spas, a salon, and a pool; and a rotunda show, a Chinese zodiac-inspired ceiling.

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

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