Fort Washington Investment Advisors Inc. OH held its position in Wynn Resorts, Limited (NASDAQ:WYNN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,985 shares of the casino operator’s stock at the end of the 2nd quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Wynn Resorts, Limited were worth $1,876,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Wynn Resorts, Limited by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 8,018,334 shares of the casino operator’s stock worth $918,982,000 after buying an additional 263,601 shares during the period. BlackRock Inc. grew its position in shares of Wynn Resorts, Limited by 5,076.4% in the 1st quarter. BlackRock Inc. now owns 4,945,920 shares of the casino operator’s stock worth $566,852,000 after buying an additional 4,850,373 shares during the period. State Street Corp grew its position in shares of Wynn Resorts, Limited by 0.8% in the 1st quarter. State Street Corp now owns 3,308,320 shares of the casino operator’s stock worth $379,153,000 after buying an additional 26,867 shares during the period. OZ Management LP grew its position in shares of Wynn Resorts, Limited by 24.8% in the 1st quarter. OZ Management LP now owns 2,132,012 shares of the casino operator’s stock worth $244,350,000 after buying an additional 423,658 shares during the period. Finally, Platinum Investment Management Ltd. grew its position in shares of Wynn Resorts, Limited by 0.7% in the 1st quarter. Platinum Investment Management Ltd. now owns 1,724,330 shares of the casino operator’s stock worth $197,625,000 after buying an additional 11,600 shares during the period. 70.79% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Clark T. Jr. Randt sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $129.00, for a total transaction of $387,000.00. Following the completion of the transaction, the director now directly owns 7,711 shares of the company’s stock, valued at approximately $994,719. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 13.20% of the company’s stock.

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Shares of Wynn Resorts, Limited (NASDAQ WYNN) opened at 143.22 on Friday. The stock has a market capitalization of $14.60 billion, a price-to-earnings ratio of 53.60 and a beta of 1.69. Wynn Resorts, Limited has a one year low of $82.51 and a one year high of $147.50. The firm’s 50-day moving average is $135.48 and its 200-day moving average is $125.93.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.02. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.47 billion. Wynn Resorts, Limited had a return on equity of 165.77% and a net margin of 5.02%. The business’s quarterly revenue was up 44.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.07 EPS. Equities research analysts forecast that Wynn Resorts, Limited will post $4.90 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 22nd. Stockholders of record on Thursday, August 10th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Tuesday, August 8th. Wynn Resorts, Limited’s payout ratio is 74.91%.

A number of analysts have recently weighed in on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $134.00 target price (up from $128.00) on shares of Wynn Resorts, Limited in a research report on Wednesday, July 26th. Instinet reissued a “neutral” rating and set a $137.00 price objective (up from $130.00) on shares of Wynn Resorts, Limited in a research report on Monday, June 19th. BidaskClub downgraded shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Bank of America Corporation reissued a “neutral” rating and set a $140.00 price objective (up from $135.00) on shares of Wynn Resorts, Limited in a research report on Friday, July 21st. Finally, UBS AG downgraded shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. 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 assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $128.28.

About Wynn Resorts, Limited

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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