Wynn Resorts, Limited (NASDAQ:WYNN) Shares Acquired by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC grew its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 6.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,671 shares of the casino operator’s stock after purchasing an additional 234 shares during the period. Burns Matteson Capital Management LLC’s holdings in Wynn Resorts were worth $352,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Interval Partners LP increased its stake in Wynn Resorts by 999.0% during the 1st quarter. Interval Partners LP now owns 400,911 shares of the casino operator’s stock worth $40,985,000 after buying an additional 364,432 shares during the period. Renaissance Technologies LLC raised its position in shares of Wynn Resorts by 29.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,345,100 shares of the casino operator’s stock worth $120,386,000 after buying an additional 303,033 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in Wynn Resorts by 6,720.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 257,537 shares of the casino operator’s stock valued at $23,050,000 after purchasing an additional 253,761 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Wynn Resorts by 22.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,125,718 shares of the casino operator’s stock valued at $115,082,000 after purchasing an additional 204,852 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Wynn Resorts by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 11,028,618 shares of the casino operator’s stock valued at $1,127,456,000 after acquiring an additional 166,594 shares during the last quarter. Institutional investors and hedge funds own 68.87% of the company’s stock.

Analyst Upgrades and Downgrades

WYNN has been the topic of several research reports. Susquehanna upped their price objective on shares of Wynn Resorts from $92.00 to $122.00 and gave the company a “positive” rating in a research note on Friday. Stifel Nicolaus cut their target price on Wynn Resorts from $121.00 to $103.00 and set a “buy” rating for the company in a research note on Friday, September 13th. Jefferies Financial Group dropped their price objective on Wynn Resorts from $111.00 to $96.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Wells Fargo & Company reduced their price objective on Wynn Resorts from $126.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Finally, StockNews.com lowered shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Wynn Resorts presently has an average rating of “Moderate Buy” and an average price target of $115.20.

Wynn Resorts Trading Up 1.0 %

NASDAQ:WYNN traded up $1.05 on Friday, hitting $104.75. The company’s stock had a trading volume of 2,537,968 shares, compared to its average volume of 3,913,564. Wynn Resorts, Limited has a one year low of $71.63 and a one year high of $110.38. The stock has a fifty day moving average of $82.92 and a two-hundred day moving average of $89.45. The firm has a market capitalization of $11.63 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 2.67 and a beta of 1.81.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Tuesday, August 6th. The casino operator reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.74 billion. Wynn Resorts had a net margin of 12.22% and a negative return on equity of 53.84%. Wynn Resorts’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 earnings per share. As a group, sell-side analysts anticipate that Wynn Resorts, Limited will post 5.44 EPS for the current year.

Wynn Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 0.95%. Wynn Resorts’s payout ratio is 13.57%.

Insider Buying and Selling at Wynn Resorts

In other Wynn Resorts news, Director Patricia Mulroy sold 2,650 shares of Wynn Resorts stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $78.73, for a total transaction of $208,634.50. Following the transaction, the director now directly owns 5,689 shares of the company’s stock, valued at approximately $447,894.97. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.52% of the company’s stock.

Wynn Resorts Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.