Raymond James Financial Services Advisors Inc. grew its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,231 shares of the casino operator’s stock after buying an additional 311 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Wynn Resorts were worth $1,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Pictet & Cie Europe SA raised its position in shares of Wynn Resorts by 2.6% during the fourth quarter. Pictet & Cie Europe SA now owns 3,830 shares of the casino operator’s stock valued at $379,000 after buying an additional 98 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Wynn Resorts by 84.2% during the fourth quarter. Parallel Advisors LLC now owns 256 shares of the casino operator’s stock valued at $25,000 after buying an additional 117 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Wynn Resorts by 2.5% during the fourth quarter. Oppenheimer & Co. Inc. now owns 6,065 shares of the casino operator’s stock valued at $600,000 after buying an additional 146 shares during the last quarter. AdvisorNet Financial Inc raised its position in shares of Wynn Resorts by 47.1% during the fourth quarter. AdvisorNet Financial Inc now owns 456 shares of the casino operator’s stock valued at $45,000 after buying an additional 146 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV raised its position in shares of Wynn Resorts by 2.1% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 7,511 shares of the casino operator’s stock valued at $743,000 after buying an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 73.86% of the company’s stock.

NASDAQ WYNN opened at $115.79 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 5.19. The firm has a market cap of $12.46 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 1.90 and a beta of 1.70. Wynn Resorts, Limited has a 52 week low of $90.06 and a 52 week high of $202.48.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Wednesday, January 30th. The casino operator reported $1.06 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.30). The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Wynn Resorts had a return on equity of 47.05% and a net margin of 8.70%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.40 earnings per share. Analysts predict that Wynn Resorts, Limited will post 6.17 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 26th. Shareholders of record on Friday, February 15th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.59%. The ex-dividend date was Thursday, February 14th. Wynn Resorts’s payout ratio is 45.87%.

A number of research analysts recently weighed in on WYNN shares. Deutsche Bank raised their target price on shares of Wynn Resorts from $123.00 to $130.00 and gave the company a “buy” rating in a report on Monday, January 7th. Stifel Nicolaus raised their target price on shares of Wynn Resorts from $138.00 to $141.00 and gave the company a “buy” rating in a report on Wednesday, January 16th. Nomura reissued a “buy” rating and issued a $145.00 target price (up from $132.00) on shares of Wynn Resorts in a report on Thursday, January 31st. Morgan Stanley reissued a “hold” rating on shares of Wynn Resorts in a report on Monday, December 3rd. Finally, BidaskClub raised shares of Wynn Resorts from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company’s stock. Wynn Resorts presently has an average rating of “Hold” and an average target price of $148.94.

In other Wynn Resorts news, Director Patricia Mulroy sold 425 shares of Wynn Resorts stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $118.02, for a total transaction of $50,158.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matt Maddox sold 18,900 shares of Wynn Resorts stock in a transaction on Monday, February 4th. The stock was sold at an average price of $124.15, for a total transaction of $2,346,435.00. Following the transaction, the chief executive officer now directly owns 487,399 shares of the company’s stock, valued at $60,510,585.85. The disclosure for this sale can be found here. 0.95% of the stock is owned by insiders.

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Wynn Resorts Company Profile

Wynn Resorts, Limited owns and operates destination casino resorts. As of February 20, 2019, the company's Wynn Palace segment had approximately 424,000 square feet of casino space, which offered 320 table games and 1,041 slot machines, private gaming salons, and sky casinos; a luxury hotel towers with 1,706 guest rooms, suites, and villas; 13 food and beverage outlets; 106,000 square feet of retail space; 37,000 square feet of meeting and convention space; recreation and leisure facilities comprising a gondola ride, health club, spa, salon, and pool; and public attractions, such as performance lake and floral art displays.

See Also: Insider Trading

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

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