Czech National Bank Buys 938 Shares of Wynn Resorts, Limited $WYNN

Czech National Bank boosted its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 4.6% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,511 shares of the casino operator’s stock after acquiring an additional 938 shares during the quarter. Czech National Bank’s holdings in Wynn Resorts were worth $2,015,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. AlphaQuest LLC purchased a new position in shares of Wynn Resorts in the first quarter worth about $25,000. Dagco Inc. purchased a new stake in Wynn Resorts in the first quarter worth about $25,000. Global X Japan Co. Ltd. boosted its position in shares of Wynn Resorts by 120.7% during the first quarter. Global X Japan Co. Ltd. now owns 320 shares of the casino operator’s stock valued at $27,000 after purchasing an additional 175 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Wynn Resorts by 69.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock valued at $32,000 after buying an additional 156 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in Wynn Resorts by 3,408.3% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 421 shares of the casino operator’s stock worth $35,000 after acquiring an additional 409 shares in the last quarter. Institutional investors own 88.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on WYNN shares. Morgan Stanley boosted their price objective on shares of Wynn Resorts from $113.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, September 11th. Barclays boosted their price target on Wynn Resorts from $101.00 to $127.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Mizuho increased their price objective on Wynn Resorts from $122.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 11th. Macquarie boosted their target price on Wynn Resorts from $110.00 to $124.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Finally, Citigroup reaffirmed a “neutral” rating and set a $114.00 price target (up previously from $108.00) on shares of Wynn Resorts in a report on Wednesday, July 9th. Fourteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.47.

Insider Activity

In other news, Director Patricia Mulroy sold 4,438 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $125.00, for a total value of $554,750.00. Following the sale, the director directly owned 3,066 shares in the company, valued at $383,250. This represents a 59.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by company insiders.

Wynn Resorts Price Performance

Shares of Wynn Resorts stock opened at $129.52 on Friday. The stock’s 50 day simple moving average is $115.10 and its 200-day simple moving average is $96.62. The stock has a market cap of $13.47 billion, a P/E ratio of 38.90, a P/E/G ratio of 6.55 and a beta of 1.37. Wynn Resorts, Limited has a 1-year low of $65.25 and a 1-year high of $130.84.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Thursday, August 7th. The casino operator reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.11). The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.74 billion. Wynn Resorts had a net margin of 5.51% and a negative return on equity of 56.78%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the business posted $1.12 EPS. As a group, research analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. Wynn Resorts’s payout ratio is presently 30.03%.

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.