Hilltop Holdings Inc. Invests $260,000 in Wynn Resorts, Limited (NASDAQ:WYNN)

Hilltop Holdings Inc. bought a new stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,712 shares of the casino operator’s stock, valued at approximately $260,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cetera Investment Advisers grew its stake in shares of Wynn Resorts by 326.5% in the first quarter. Cetera Investment Advisers now owns 25,980 shares of the casino operator’s stock worth $2,656,000 after purchasing an additional 19,889 shares during the last quarter. Cetera Advisors LLC raised its holdings in Wynn Resorts by 9.4% in the 1st quarter. Cetera Advisors LLC now owns 9,870 shares of the casino operator’s stock worth $1,009,000 after purchasing an additional 850 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Wynn Resorts by 1,157.9% in the 2nd quarter. SG Americas Securities LLC now owns 29,447 shares of the casino operator’s stock worth $2,636,000 after purchasing an additional 27,106 shares during the period. Czech National Bank boosted its stake in shares of Wynn Resorts by 7.3% during the 2nd quarter. Czech National Bank now owns 17,995 shares of the casino operator’s stock valued at $1,611,000 after purchasing an additional 1,230 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of Wynn Resorts by 6,720.4% during the second quarter. Sequoia Financial Advisors LLC now owns 257,537 shares of the casino operator’s stock valued at $23,050,000 after buying an additional 253,761 shares during the period. Institutional investors own 68.87% of the company’s stock.

Analyst Upgrades and Downgrades

WYNN has been the subject of several research analyst reports. Macquarie restated an “outperform” rating and issued a $120.00 price objective on shares of Wynn Resorts in a report on Tuesday, November 5th. Wells Fargo & Company dropped their price target on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. increased their price objective on Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Susquehanna boosted their target price on shares of Wynn Resorts from $92.00 to $122.00 and gave the company a “positive” rating in a report on Friday, October 11th. Finally, Morgan Stanley increased their price target on shares of Wynn Resorts from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Wynn Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $115.71.

Insider Transactions at Wynn Resorts

In other Wynn Resorts news, Director Patricia Mulroy sold 2,650 shares of the company’s 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 completion of the sale, the director now owns 5,689 shares in the company, valued at $447,894.97. This represents a 31.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.52% of the stock is currently owned by company insiders.

Wynn Resorts Stock Down 0.0 %

Shares of Wynn Resorts stock opened at $94.37 on Friday. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The company has a market cap of $10.36 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 3.48 and a beta of 1.78. The company’s 50 day moving average is $95.62 and its 200 day moving average is $87.83.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business earned $0.99 earnings per share. Sell-side analysts expect that Wynn Resorts, Limited will post 4.78 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. Wynn Resorts’s dividend payout ratio (DPR) is 12.33%.

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.