Achmea Investment Management B.V. purchased a new stake in Wynn Resorts, Limited (NASDAQ:WYNN) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 2,168 shares of the casino operator’s stock, valued at approximately $322,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Wynn Resorts by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 8,264,810 shares of the casino operator’s stock worth $1,108,476,000 after buying an additional 246,476 shares during the last quarter. Maverick Capital Ltd. increased its holdings in shares of Wynn Resorts 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 last quarter. Bank of New York Mellon Corp increased its holdings in shares of Wynn Resorts by 8.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 877,781 shares of the casino operator’s stock worth $130,719,000 after buying an additional 65,335 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Wynn Resorts by 2.1% during the 2nd quarter. American Century Companies Inc. now owns 875,121 shares of the casino operator’s stock worth $117,371,000 after buying an additional 18,400 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Wynn Resorts by 128.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 819,007 shares of the casino operator’s stock worth $109,845,000 after buying an additional 459,916 shares during the last quarter. Institutional investors own 72.03% of the company’s stock.

Wynn Resorts, Limited (WYNN) opened at $159.01 on Friday. The company has a debt-to-equity ratio of 24.54, a current ratio of 1.72 and a quick ratio of 1.68. The firm has a market cap of $16,247.86, a PE ratio of 35.60 and a beta of 1.73. Wynn Resorts, Limited has a 12-month low of $85.57 and a 12-month high of $160.80.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Thursday, November 16th were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $2.00 dividend on an annualized basis and a yield of 1.26%. Wynn Resorts’s payout ratio is currently 55.25%.

WYNN has been the subject of a number of research analyst reports. Stifel Nicolaus upped their price objective on Wynn Resorts from $134.00 to $153.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Morgan Stanley reaffirmed a “hold” rating and set a $151.00 price target (down from $158.00) on shares of Wynn Resorts in a research report on Thursday, October 12th. Deutsche Bank raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and upped their price target for the stock from $138.00 to $150.00 in a research report on Tuesday, August 15th. Citigroup upped their price target on shares of Wynn Resorts to $161.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. Finally, Telsey Advisory Group upped their price target on shares of Wynn Resorts from $157.00 to $160.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $148.49.

In other Wynn Resorts news, EVP Kimmarie Sinatra sold 21,451 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $143.62, for a total value of $3,080,792.62. Following the completion of the transaction, the executive vice president now directly owns 223,443 shares of the company’s stock, valued at approximately $32,090,883.66. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Matt Maddox sold 42,900 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $143.44, for a total transaction of $6,153,576.00. Following the completion of the transaction, the president now directly owns 350,586 shares of the company’s stock, valued at $50,288,055.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 159,406 shares of company stock valued at $23,864,344. 13.20% of the stock is currently owned by corporate insiders.

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Wynn Resorts 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 (NASDAQ:WYNN)

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