EP Wealth Advisors LLC Invests $290,000 in Wynn Resorts, Limited (NASDAQ:WYNN)

EP Wealth Advisors LLC bought a new stake in Wynn Resorts, Limited (NASDAQ:WYNN) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,020 shares of the casino operator’s stock, valued at approximately $290,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its holdings in shares of Wynn Resorts by 70.7% in the 3rd quarter. Fisher Asset Management LLC now owns 3,971,846 shares of the casino operator’s stock worth $380,821,000 after purchasing an additional 1,644,965 shares during the period. Holocene Advisors LP raised its holdings in Wynn Resorts by 27,868.5% in the third quarter. Holocene Advisors LP now owns 757,946 shares of the casino operator’s stock valued at $72,672,000 after buying an additional 755,236 shares during the period. Eagle Asset Management Inc. acquired a new position in Wynn Resorts during the third quarter valued at approximately $58,486,000. Renaissance Technologies LLC lifted its position in Wynn Resorts by 29.1% during the second quarter. Renaissance Technologies LLC now owns 1,345,100 shares of the casino operator’s stock valued at $120,386,000 after buying an additional 303,033 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new stake in Wynn Resorts during the third quarter worth approximately $19,753,000. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Insider Buying and Selling at Wynn Resorts

In other news, Director Patricia Mulroy sold 2,650 shares of the business’s stock in a transaction that occurred on 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 directly owns 5,689 shares in the company, valued at approximately $447,894.97. The trade was a 31.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on WYNN shares. JPMorgan Chase & Co. lifted their target price on shares of Wynn Resorts from $101.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Barclays reduced their price objective on Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Wells Fargo & Company decreased their target price on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their target price on Wynn Resorts from $122.00 to $118.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Susquehanna upped their price target on Wynn Resorts from $92.00 to $122.00 and gave the stock a “positive” rating in a report on Friday, October 11th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $115.71.

Wynn Resorts Trading Up 1.1 %

WYNN stock opened at $94.53 on Friday. The firm has a 50 day simple moving average of $94.99 and a 200-day simple moving average of $87.88. The company has a market capitalization of $10.38 billion, a P/E ratio of 11.66, a PEG ratio of 3.48 and a beta of 1.78. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Monday, November 4th. The casino operator reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.11). The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.73 billion. Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. Wynn Resorts’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 earnings per share. On average, research analysts predict that Wynn Resorts, Limited will post 4.79 EPS for the current year.

Wynn Resorts Announces Dividend

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