Wynn Resorts, Limited (NASDAQ:WYNN) Shares Acquired by Regal Partners Ltd

Regal Partners Ltd lifted its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 24.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 898,705 shares of the casino operator’s stock after purchasing an additional 174,005 shares during the quarter. Wynn Resorts accounts for 7.6% of Regal Partners Ltd’s portfolio, making the stock its 4th largest position. Regal Partners Ltd’s holdings in Wynn Resorts were worth $86,168,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC acquired a new position in shares of Wynn Resorts in the second quarter valued at $25,000. Blue Trust Inc. grew its position in Wynn Resorts by 556.0% in the third quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock valued at $49,000 after acquiring an additional 467 shares during the period. Versant Capital Management Inc bought a new stake in Wynn Resorts in the second quarter valued at $51,000. Covestor Ltd grew its position in Wynn Resorts by 421.7% in the first quarter. Covestor Ltd now owns 626 shares of the casino operator’s stock valued at $64,000 after acquiring an additional 506 shares during the period. Finally, GAMMA Investing LLC grew its position in Wynn Resorts by 25.1% in the second quarter. GAMMA Investing LLC now owns 828 shares of the casino operator’s stock valued at $74,000 after acquiring an additional 166 shares during the period. 68.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Wynn Resorts

In related news, Director Patricia Mulroy sold 2,650 shares of the firm’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 transaction, the director now owns 5,689 shares in the company, valued at $447,894.97. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is owned by company insiders.

Wynn Resorts Stock Up 0.4 %

Wynn Resorts stock opened at $85.80 on Thursday. The business’s 50-day simple moving average is $91.52 and its 200 day simple moving average is $88.27. The stock has a market cap of $9.42 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 3.08 and a beta of 1.80. Wynn Resorts, Limited has a 12-month low of $71.63 and a 12-month high of $110.38.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.11). The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.73 billion. Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. Wynn Resorts’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 EPS. As a group, sell-side analysts expect that Wynn Resorts, Limited will post 4.87 EPS for the current year.

Wynn Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, November 15th. Wynn Resorts’s dividend payout ratio is 12.33%.

Analysts Set New Price Targets

A number of analysts have weighed in on WYNN shares. Macquarie reiterated an “outperform” rating and issued a $120.00 price target on shares of Wynn Resorts in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price target on Wynn Resorts from $122.00 to $118.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Stifel Nicolaus lowered their price target on Wynn Resorts from $121.00 to $103.00 and set a “buy” rating on the stock in a research report on Friday, September 13th. UBS Group upgraded Wynn Resorts to a “hold” rating in a research report on Friday, August 23rd. Finally, Wells Fargo & Company lowered 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. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Wynn Resorts has a consensus rating of “Moderate Buy” and a consensus price target of $115.71.

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.