6,437 Shares in Wynn Resorts, Limited (NASDAQ:WYNN) Bought by Beck Bode LLC

Beck Bode LLC purchased a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 6,437 shares of the casino operator’s stock, valued at approximately $576,000.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in Wynn Resorts in the second quarter worth $25,000. ICA Group Wealth Management LLC purchased a new position in Wynn Resorts in the fourth quarter worth $27,000. Register Financial Advisors LLC purchased a new position in Wynn Resorts in the first quarter worth $37,000. Neo Ivy Capital Management purchased a new position in Wynn Resorts in the fourth quarter worth $40,000. Finally, Versant Capital Management Inc purchased a new position in Wynn Resorts in the second quarter worth $51,000. 68.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on WYNN. Seaport Res Ptn upgraded Wynn Resorts from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 30th. Jefferies Financial Group dropped their price target on Wynn Resorts from $111.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. UBS Group upgraded Wynn Resorts to a “hold” rating in a research report on Friday, August 23rd. Wells Fargo & Company dropped their price target on Wynn Resorts from $126.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Finally, Stifel Nicolaus dropped their price target on Wynn Resorts from $121.00 to $103.00 and set a “buy” rating for the company in a research report on Friday, September 13th. Five research 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 company. According to data from MarketBeat, Wynn Resorts currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.73.

Insider Activity

In other 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 value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.52% of the company’s stock.

Wynn Resorts Trading Up 1.3 %

Shares of NASDAQ:WYNN opened at $80.00 on Wednesday. The stock’s 50-day moving average price is $78.74 and its two-hundred day moving average price is $90.17. Wynn Resorts, Limited has a 12-month low of $71.63 and a 12-month high of $110.38. The firm has a market cap of $8.88 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 2.04 and a beta of 1.80.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Tuesday, August 6th. The casino operator reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.02). The firm 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%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 earnings per share. As a group, research analysts forecast that Wynn Resorts, Limited will post 5.44 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Monday, August 19th. Wynn Resorts’s dividend payout ratio is currently 13.70%.

About Wynn Resorts

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.