Northwest & Ethical Investments L.P. Purchases 950 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Northwest & Ethical Investments L.P. boosted its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 63.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,450 shares of the casino operator’s stock after purchasing an additional 950 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Wynn Resorts were worth $211,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in WYNN. Thrivent Financial for Lutherans increased its position in Wynn Resorts by 49.2% during the third quarter. Thrivent Financial for Lutherans now owns 11,683 shares of the casino operator’s stock worth $1,120,000 after acquiring an additional 3,850 shares during the period. Prospera Financial Services Inc increased its holdings in shares of Wynn Resorts by 4.1% during the third quarter. Prospera Financial Services Inc now owns 4,616 shares of the casino operator’s stock worth $443,000 after purchasing an additional 181 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Wynn Resorts in the third quarter valued at approximately $202,000. Cerity Partners LLC boosted its stake in shares of Wynn Resorts by 7.0% in the third quarter. Cerity Partners LLC now owns 53,711 shares of the casino operator’s stock valued at $5,150,000 after buying an additional 3,521 shares during the period. Finally, Daiwa Securities Group Inc. increased its stake in Wynn Resorts by 13.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 12,058 shares of the casino operator’s stock worth $1,156,000 after acquiring an additional 1,416 shares during the period. Institutional investors own 88.64% of the company’s stock.

Wynn Resorts Stock Down 0.5 %

NASDAQ WYNN opened at $82.63 on Friday. The company has a market cap of $8.79 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 2.35 and a beta of 1.76. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The business’s fifty day moving average is $85.71 and its 200 day moving average is $88.92.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share for the quarter, topping the consensus estimate of $1.27 by $1.15. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. On average, research analysts anticipate that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Monday, February 24th. Wynn Resorts’s payout ratio is currently 23.75%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WYNN shares. Macquarie reiterated an “outperform” rating and set a $115.00 target price on shares of Wynn Resorts in a research report on Friday, February 14th. Barclays increased their price objective on shares of Wynn Resorts from $115.00 to $116.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Mizuho boosted their target price on shares of Wynn Resorts from $118.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. StockNews.com lowered shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Finally, Stifel Nicolaus boosted their price objective on shares of Wynn Resorts from $123.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $119.58.

Insider Buying and Selling

In related news, Director Philip G. Satre bought 22,200 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were purchased at an average cost of $92.18 per share, with a total value of $2,046,396.00. Following the acquisition, the director now owns 34,195 shares of the company’s stock, valued at $3,152,095.10. This represents a 185.08 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.52% of the stock is currently owned by insiders.

Wynn Resorts Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.