Sheaff Brock Investment Advisors LLC acquired a new position in Wynn Resorts, Limited (NASDAQ:WYNN) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 7,653 shares of the casino operator’s stock, valued at approximately $1,026,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of WYNN. Northwestern Mutual Wealth Management Co. raised its stake in shares of Wynn Resorts, Limited by 83.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the casino operator’s stock worth $117,000 after buying an additional 462 shares in the last quarter. FNY Partners Fund LP raised its stake in shares of Wynn Resorts, Limited by 5,400.0% in the 1st quarter. FNY Partners Fund LP now owns 1,100 shares of the casino operator’s stock worth $126,000 after buying an additional 1,080 shares in the last quarter. Reilly Financial Advisors LLC raised its stake in shares of Wynn Resorts, Limited by 1,000.0% in the 2nd quarter. Reilly Financial Advisors LLC now owns 1,100 shares of the casino operator’s stock worth $148,000 after buying an additional 1,000 shares in the last quarter. Financial Architects Inc raised its stake in shares of Wynn Resorts, Limited by 4.2% in the 2nd quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock worth $168,000 after buying an additional 50 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Wynn Resorts, Limited by 40.8% in the 2nd quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock worth $169,000 after buying an additional 365 shares in the last quarter. 70.79% of the stock is currently owned by institutional investors.

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Wynn Resorts, Limited (NASDAQ:WYNN) opened at 143.38 on Thursday. Wynn Resorts, Limited has a 52 week low of $82.51 and a 52 week high of $144.81. The firm has a 50-day moving average price of $133.25 and a 200-day moving average price of $123.83. The stock has a market cap of $14.62 billion, a P/E ratio of 53.66 and a beta of 1.69.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.02. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Wynn Resorts, Limited had a return on equity of 165.77% and a net margin of 5.02%. Wynn Resorts, Limited’s revenue for the quarter was up 44.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.07 EPS. On average, equities research analysts predict that Wynn Resorts, Limited will post $4.90 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 22nd. Stockholders of record on Thursday, August 10th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Tuesday, August 8th. Wynn Resorts, Limited’s payout ratio is 74.91%.

In other news, Director Clark T. Jr. Randt sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $129.00, for a total value of $387,000.00. Following the completion of the transaction, the director now owns 7,711 shares in the company, valued at approximately $994,719. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kimmarie Sinatra sold 22,624 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $129.12, for a total value of $2,921,210.88. Following the completion of the transaction, the executive vice president now owns 221,067 shares of the company’s stock, valued at approximately $28,544,171.04. The disclosure for this sale can be found here. Insiders sold a total of 69,933 shares of company stock valued at $9,261,125 in the last 90 days. 13.20% of the stock is owned by corporate insiders.

A number of analysts have recently commented on WYNN shares. Instinet reissued a “neutral” rating on shares of Wynn Resorts, Limited in a research note on Monday, July 17th. Sanford C. Bernstein restated an “outperform” rating on shares of Wynn Resorts, Limited in a report on Wednesday, May 24th. Vetr upgraded Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $146.26 target price on the stock in a report on Friday, July 14th. Barclays PLC upgraded Wynn Resorts, Limited from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $87.00 to $144.00 in a report on Friday, May 12th. Finally, BidaskClub upgraded Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a report on Friday, June 16th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $126.99.

Wynn Resorts, Limited Profile

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.

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Institutional Ownership by Quarter for Wynn Resorts, Limited (NASDAQ:WYNN)

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