Cwm LLC Raises Stock Position in Wynn Resorts, Limited (NASDAQ:WYNN)

Cwm LLC lifted its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 9.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,354 shares of the casino operator’s stock after buying an additional 206 shares during the period. Cwm LLC’s holdings in Wynn Resorts were worth $214,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Sequoia Financial Advisors LLC increased its holdings in Wynn Resorts by 20,031.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 506,519 shares of the casino operator’s stock valued at $46,807,000 after acquiring an additional 504,003 shares in the last quarter. Invesco Ltd. increased its stake in shares of Wynn Resorts by 20.7% during the 3rd quarter. Invesco Ltd. now owns 1,449,064 shares of the casino operator’s stock worth $133,908,000 after purchasing an additional 248,820 shares in the last quarter. ING Groep NV raised its position in shares of Wynn Resorts by 1,657.3% during the 3rd quarter. ING Groep NV now owns 259,958 shares of the casino operator’s stock worth $24,023,000 after purchasing an additional 245,165 shares during the last quarter. Barclays PLC lifted its stake in Wynn Resorts by 41.6% in the 3rd quarter. Barclays PLC now owns 544,831 shares of the casino operator’s stock valued at $50,345,000 after buying an additional 160,054 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in Wynn Resorts during the 3rd quarter valued at $13,610,000. Institutional investors and hedge funds own 68.87% of the company’s stock.

Insider Buying and Selling at Wynn Resorts

In other Wynn Resorts news, Director Patricia Mulroy sold 960 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $105.17, for a total value of $100,963.20. Following the transaction, the director now directly owns 522 shares of the company’s stock, valued at approximately $54,898.74. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Patricia Mulroy sold 960 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $105.17, for a total value of $100,963.20. Following the sale, the director now owns 522 shares in the company, valued at approximately $54,898.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Julie Cameron-Doe sold 6,383 shares of Wynn Resorts stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $105.27, for a total value of $671,938.41. Following the completion of the transaction, the chief financial officer now owns 78,150 shares of the company’s stock, valued at $8,226,850.50. The disclosure for this sale can be found here. Insiders sold a total of 26,578 shares of company stock worth $2,850,282 in the last 90 days. 0.52% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WYNN has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on Wynn Resorts from $122.00 to $124.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. upped their target price on shares of Wynn Resorts from $118.00 to $123.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Susquehanna lifted their price target on shares of Wynn Resorts from $105.00 to $115.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. Barclays upped their price objective on shares of Wynn Resorts from $123.00 to $124.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Finally, StockNews.com raised shares of Wynn Resorts from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Wynn Resorts has a consensus rating of “Moderate Buy” and an average price target of $121.43.

Wynn Resorts Stock Performance

Wynn Resorts stock opened at $96.71 on Friday. The firm has a market capitalization of $10.84 billion, a PE ratio of 16.17 and a beta of 1.91. The stock’s 50 day moving average price is $100.60 and its 200 day moving average price is $95.15. Wynn Resorts, Limited has a one year low of $81.65 and a one year high of $113.50.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Wednesday, February 7th. The casino operator reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.76. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.74 billion. Wynn Resorts had a net margin of 11.18% and a negative return on equity of 31.17%. The firm’s revenue was up 83.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.23) EPS. On average, analysts forecast that Wynn Resorts, Limited will post 5.37 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Friday, February 16th. Wynn Resorts’s dividend payout ratio is currently 16.72%.

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.