Wynn Resorts, Limited (NASDAQ:WYNN) Director Patricia Mulroy sold 425 shares of Wynn Resorts stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $118.02, for a total value of $50,158.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of NASDAQ WYNN traded down $1.35 during trading hours on Thursday, hitting $115.64. The stock had a trading volume of 1,514,055 shares, compared to its average volume of 2,195,563. The stock has a market cap of $12.59 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.90 and a beta of 1.70. Wynn Resorts, Limited has a 52 week low of $90.06 and a 52 week high of $202.48. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.37 and a current ratio of 1.40.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Wednesday, January 30th. The casino operator reported $1.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.36 by ($0.30). The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.63 billion. Wynn Resorts had a net margin of 8.70% and a return on equity of 47.05%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.40 EPS. On average, analysts predict that Wynn Resorts, Limited will post 6.17 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 26th. Investors of record on Friday, February 15th were paid a $0.75 dividend. The ex-dividend date was Thursday, February 14th. This represents a $3.00 annualized dividend and a dividend yield of 2.59%. Wynn Resorts’s payout ratio is 45.87%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC lifted its holdings in Wynn Resorts by 84.2% in the 4th quarter. Parallel Advisors LLC now owns 256 shares of the casino operator’s stock worth $25,000 after purchasing an additional 117 shares during the last quarter. JOYN Advisors Inc. lifted its holdings in Wynn Resorts by 1,680.0% in the 4th quarter. JOYN Advisors Inc. now owns 267 shares of the casino operator’s stock worth $26,000 after purchasing an additional 252 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in Wynn Resorts by 47.1% in the 4th quarter. AdvisorNet Financial Inc now owns 456 shares of the casino operator’s stock worth $45,000 after purchasing an additional 146 shares during the last quarter. Edmond DE Rothschild Holding S.A. lifted its holdings in Wynn Resorts by 42.9% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 500 shares of the casino operator’s stock worth $49,000 after purchasing an additional 150 shares during the last quarter. Finally, Pearl River Capital LLC acquired a new stake in Wynn Resorts in the 4th quarter worth approximately $63,000. Hedge funds and other institutional investors own 73.86% of the company’s stock.

WYNN has been the topic of several research analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $125.00 target price (up previously from $105.00) on shares of Wynn Resorts in a research note on Thursday, January 31st. Deutsche Bank lifted their target price on Wynn Resorts from $123.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, January 7th. Zacks Investment Research raised Wynn Resorts from a “strong sell” rating to a “buy” rating and set a $123.00 target price on the stock in a research note on Saturday, January 12th. Sanford C. Bernstein initiated coverage on Wynn Resorts in a research note on Thursday, November 15th. They set an “outperform” rating on the stock. Finally, Roth Capital reissued a “buy” rating and issued a $135.00 price target (down previously from $140.00) on shares of Wynn Resorts in a research note on Thursday, January 31st. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $148.94.

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Wynn Resorts Company Profile

Wynn Resorts, Limited owns and operates destination casino resorts. As of February 20, 2019, the company's Wynn Palace segment had approximately 424,000 square feet of casino space, which offered 320 table games and 1,041 slot machines, private gaming salons, and sky casinos; a luxury hotel towers with 1,706 guest rooms, suites, and villas; 13 food and beverage outlets; 106,000 square feet of retail space; 37,000 square feet of meeting and convention space; recreation and leisure facilities comprising a gondola ride, health club, spa, salon, and pool; and public attractions, such as performance lake and floral art displays.

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