Investors sold shares of Wynn Resorts, Limited (NASDAQ:WYNN) on strength during trading on Thursday. $90.39 million flowed into the stock on the tick-up and $171.23 million flowed out of the stock on the tick-down, for a money net flow of $80.84 million out of the stock. Of all companies tracked, Wynn Resorts had the 14th highest net out-flow for the day. Wynn Resorts traded up $0.88 for the day and closed at $163.40
WYNN has been the topic of a number of analyst reports. Stifel Nicolaus upped their price target on shares of Wynn Resorts from $134.00 to $153.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. Deutsche Bank reiterated a “buy” rating and issued a $167.00 price target on shares of Wynn Resorts in a research note on Tuesday, November 21st. Morgan Stanley reiterated a “hold” rating and issued a $151.00 price target (down previously from $158.00) on shares of Wynn Resorts in a research note on Thursday, October 12th. Barclays upped their target price on shares of Wynn Resorts to $180.00 and gave the company an “overweight” rating in a research note on Thursday, December 14th. Finally, Citigroup upped their target price on shares of Wynn Resorts to $161.00 and gave the company a “buy” rating in a research note on Monday, October 16th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $151.67.
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 $16,790.00, a P/E ratio of 45.26 and a beta of 1.73.
Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Thursday, October 26th. The casino operator reported $1.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.24. Wynn Resorts had a net margin of 6.24% and a return on equity of 132.96%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the prior year, the business earned $0.74 EPS. The business’s quarterly revenue was up 45.3% on a year-over-year basis. equities analysts expect that Wynn Resorts, Limited will post 5.36 earnings per share for the current year.
In other news, EVP Kimmarie Sinatra sold 20,795 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $152.03, for a total value of $3,161,463.85. Following the transaction, the executive vice president now owns 226,992 shares in the company, valued at approximately $34,509,593.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alvin V. Shoemaker sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $151.74, for a total transaction of $2,276,100.00. Following the completion of the transaction, the director now owns 19,162 shares in the company, valued at approximately $2,907,641.88. The disclosure for this sale can be found here. Insiders sold a total of 95,055 shares of company stock worth $14,629,975 in the last quarter. Company insiders own 13.20% of the company’s stock.
Several large investors have recently modified their holdings of WYNN. JPMorgan Chase & Co. lifted its stake in shares of Wynn Resorts by 128.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 819,007 shares of the casino operator’s stock worth $109,845,000 after purchasing an additional 459,916 shares during the period. Janus Henderson Group PLC increased its holdings in Wynn Resorts by 563.7% in the 3rd quarter. Janus Henderson Group PLC now owns 507,249 shares of the casino operator’s stock worth $75,540,000 after acquiring an additional 430,816 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in Wynn Resorts by 529.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 418,843 shares of the casino operator’s stock worth $62,374,000 after acquiring an additional 352,343 shares in the last quarter. Maverick Capital Ltd. increased its holdings in Wynn Resorts by 36.9% in the 2nd quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator’s stock worth $169,024,000 after acquiring an additional 339,550 shares in the last quarter. Finally, FMR LLC increased its holdings in Wynn Resorts by 294.1% in the 2nd quarter. FMR LLC now owns 409,967 shares of the casino operator’s stock worth $54,985,000 after acquiring an additional 305,945 shares in the last quarter. Hedge funds and other institutional investors own 71.95% of the company’s stock.
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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.
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