Wynn Resorts, Limited (NASDAQ:WYNN) Shares Bought by NBC Securities Inc.

NBC Securities Inc. grew its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 104.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,375 shares of the casino operator’s stock after acquiring an additional 8,350 shares during the quarter. NBC Securities Inc.’s holdings in Wynn Resorts were worth $1,570,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of WYNN. Vanguard Group Inc. lifted its holdings in Wynn Resorts by 1.5% in the first quarter. Vanguard Group Inc. now owns 11,028,618 shares of the casino operator’s stock valued at $1,127,456,000 after acquiring an additional 166,594 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Wynn Resorts by 29.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,345,100 shares of the casino operator’s stock valued at $120,386,000 after purchasing an additional 303,033 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Wynn Resorts by 22.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,125,718 shares of the casino operator’s stock worth $115,082,000 after purchasing an additional 204,852 shares during the period. Bamco Inc. NY increased its position in shares of Wynn Resorts by 5.1% during the 1st quarter. Bamco Inc. NY now owns 788,335 shares of the casino operator’s stock worth $80,591,000 after purchasing an additional 38,160 shares during the last quarter. Finally, Regal Partners Ltd raised its holdings in Wynn Resorts by 5.6% in the 2nd quarter. Regal Partners Ltd now owns 724,700 shares of the casino operator’s stock valued at $64,861,000 after buying an additional 38,344 shares during the period. Hedge funds and other institutional investors own 68.87% of the company’s stock.

Wynn Resorts Stock Performance

WYNN stock opened at $99.22 on Wednesday. The company’s 50 day moving average price is $83.98 and its 200 day moving average price is $89.27. The firm has a market capitalization of $11.01 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 2.68 and a beta of 1.81. Wynn Resorts, Limited has a fifty-two week low of $71.63 and a fifty-two week high of $110.38.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Tuesday, August 6th. The casino operator reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Wynn Resorts had a net margin of 12.22% and a negative return on equity of 53.84%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share. Equities analysts forecast that Wynn Resorts, Limited will post 5.44 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Monday, August 19th. Wynn Resorts’s dividend payout ratio is presently 13.57%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Wynn Resorts from $131.00 to $122.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Morgan Stanley lifted their target price on shares of Wynn Resorts from $104.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, October 11th. StockNews.com cut Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Stifel Nicolaus lowered their price target on Wynn Resorts from $121.00 to $103.00 and set a “buy” rating for the company in a research report on Friday, September 13th. Finally, Wells Fargo & Company cut their price objective on Wynn Resorts from $126.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Wynn Resorts has a consensus rating of “Moderate Buy” and a consensus target price of $115.20.

Insiders Place Their Bets

In other news, Director Patricia Mulroy sold 2,650 shares of the 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 approximately $447,894.97. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.52% of the stock is owned by company insiders.

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.