Crossmark Global Holdings Inc. bought a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,805 shares of the casino operator’s stock, valued at approximately $418,000.

Other large investors have also bought and sold shares of the company. Monetta Financial Services Inc. acquired a new stake in Wynn Resorts, Limited during the 2nd quarter worth approximately $1,542,000. Public Employees Retirement System of Ohio boosted its position in Wynn Resorts, Limited by 28.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 46,525 shares of the casino operator’s stock worth $6,240,000 after buying an additional 10,335 shares during the period. Toronto Dominion Bank boosted its position in Wynn Resorts, Limited by 26.0% during the 2nd quarter. Toronto Dominion Bank now owns 27,068 shares of the casino operator’s stock worth $3,629,000 after buying an additional 5,593 shares during the period. Gotham Asset Management LLC acquired a new stake in Wynn Resorts, Limited during the 2nd quarter worth approximately $528,000. Finally, Maverick Capital Ltd. boosted its position in Wynn Resorts, Limited by 36.9% during the 2nd quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator’s stock worth $169,024,000 after buying an additional 339,550 shares during the period. Institutional investors and hedge funds own 71.45% of the company’s stock.

WYNN has been the topic of several recent research reports. UBS AG reiterated a “buy” rating and set a $174.00 target price (up from $149.00) on shares of Wynn Resorts, Limited in a research report on Friday, September 29th. Zacks Investment Research upgraded shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $162.00 target price on the stock in a research report on Tuesday, September 26th. Deutsche Bank AG upgraded shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and lifted their target price for the stock from $138.00 to $150.00 in a research report on Tuesday, August 15th. Citigroup Inc. lifted their target price on shares of Wynn Resorts, Limited to $161.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. Finally, Roth Capital initiated coverage on shares of Wynn Resorts, Limited in a research report on Thursday, October 26th. They set a “buy” rating and a $163.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $148.49.

In other Wynn Resorts, Limited news, President Matt Maddox sold 59,260 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $155.12, for a total transaction of $9,192,411.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alvin V. Shoemaker sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $151.74, for a total transaction of $2,276,100.00. Following the completion of the sale, the director now owns 19,162 shares of the company’s stock, valued at approximately $2,907,641.88. The disclosure for this sale can be found here. Insiders have sold a total of 159,406 shares of company stock valued at $23,864,344 in the last 90 days. 13.20% of the stock is currently owned by company insiders.

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Shares of Wynn Resorts, Limited (NASDAQ:WYNN) opened at $158.69 on Thursday. The company has a market cap of $16,298.22, a price-to-earnings ratio of 35.71 and a beta of 1.72. The company has a debt-to-equity ratio of 24.54, a quick ratio of 1.68 and a current ratio of 1.72. Wynn Resorts, Limited has a one year low of $85.57 and a one year high of $159.55.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its quarterly earnings results on Thursday, October 26th. The casino operator reported $1.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.24. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.56 billion. Wynn Resorts, Limited had a net margin of 6.24% and a return on equity of 132.96%. Wynn Resorts, Limited’s quarterly revenue was up 45.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 EPS. equities research analysts forecast that Wynn Resorts, Limited will post 5.34 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $2.00 dividend on an annualized basis and a yield of 1.26%. Wynn Resorts, Limited’s dividend payout ratio (DPR) is presently 55.25%.

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.

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

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