IFM Investors Pty Ltd purchased a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,168 shares of the casino operator’s stock, valued at approximately $323,000.

A number of other institutional investors have also modified their holdings of the stock. Neuberger Berman Group LLC purchased a new stake in Wynn Resorts in the third quarter worth $234,000. Alkeon Capital Management LLC purchased a new stake in Wynn Resorts in the third quarter worth $4,468,000. California Public Employees Retirement System increased its position in Wynn Resorts by 1.9% in the third quarter. California Public Employees Retirement System now owns 192,140 shares of the casino operator’s stock worth $28,613,000 after buying an additional 3,640 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Wynn Resorts by 20.7% in the third quarter. Janney Montgomery Scott LLC now owns 25,936 shares of the casino operator’s stock worth $3,862,000 after buying an additional 4,456 shares during the last quarter. Finally, Davidson Kempner Capital Management LP increased its position in Wynn Resorts by 11.8% in the third quarter. Davidson Kempner Capital Management LP now owns 237,500 shares of the casino operator’s stock worth $35,371,000 after buying an additional 25,000 shares during the last quarter. Institutional investors and hedge funds own 72.04% of the company’s stock.

In other Wynn Resorts news, EVP Kimmarie Sinatra sold 20,795 shares of Wynn Resorts stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $152.03, for a total transaction of $3,161,463.85. Following the completion of the sale, the executive vice president now owns 226,992 shares of the company’s stock, valued at $34,509,593.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Alvin V. Shoemaker sold 15,000 shares of Wynn Resorts stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $151.74, for a total value of $2,276,100.00. Following the sale, the director now directly 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. In the last ninety days, insiders have sold 95,055 shares of company stock valued at $14,629,975. Corporate insiders own 13.20% of the company’s stock.

Shares of Wynn Resorts, Limited (WYNN) opened at $166.03 on Monday. 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 52 week low of $85.57 and a 52 week high of $166.79. The stock has a market capitalization of $17,060.00, a PE ratio of 37.39 and a beta of 1.73.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Thursday, November 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Wednesday, November 15th. Wynn Resorts’s dividend payout ratio (DPR) is currently 55.40%.

WYNN has been the subject of a number of recent research reports. Stifel Nicolaus raised their target price on Wynn Resorts from $134.00 to $153.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. TheStreet downgraded Wynn Resorts from a “b-” rating to a “c+” rating in a research report on Friday, October 13th. Barclays raised their target price on Wynn Resorts to $180.00 and gave the stock an “overweight” rating in a research report on Thursday. Telsey Advisory Group raised their target price on Wynn Resorts from $157.00 to $160.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research raised Wynn Resorts from a “hold” rating to a “buy” rating and set a $162.00 target price for the company in a research report on Tuesday, September 26th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Wynn Resorts presently has an average rating of “Buy” and an average price target of $150.05.

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About Wynn Resorts

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 (NASDAQ:WYNN)

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