Cerity Partners LLC Acquires 24,941 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Cerity Partners LLC raised its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 996.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,445 shares of the casino operator’s stock after purchasing an additional 24,941 shares during the quarter. Cerity Partners LLC’s holdings in Wynn Resorts were worth $2,500,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. International Assets Investment Management LLC lifted its holdings in Wynn Resorts by 4,067.4% during the fourth quarter. International Assets Investment Management LLC now owns 7,668 shares of the casino operator’s stock valued at $699,000 after purchasing an additional 7,484 shares during the last quarter. Zweig DiMenna Associates LLC lifted its holdings in Wynn Resorts by 43.3% during the fourth quarter. Zweig DiMenna Associates LLC now owns 107,500 shares of the casino operator’s stock valued at $9,794,000 after purchasing an additional 32,500 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Wynn Resorts by 0.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 27,904 shares of the casino operator’s stock valued at $2,542,000 after purchasing an additional 109 shares during the last quarter. Arizona State Retirement System lifted its holdings in Wynn Resorts by 0.9% during the fourth quarter. Arizona State Retirement System now owns 28,182 shares of the casino operator’s stock valued at $2,568,000 after purchasing an additional 241 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Wynn Resorts by 1,083.8% during the fourth quarter. Venturi Wealth Management LLC now owns 438 shares of the casino operator’s stock valued at $40,000 after purchasing an additional 401 shares during the last quarter. Institutional investors own 68.87% of the company’s stock.

Wynn Resorts Trading Down 1.4 %

WYNN stock opened at $96.10 on Friday. Wynn Resorts, Limited has a 1-year low of $81.65 and a 1-year high of $117.86. The company’s 50 day moving average is $102.49 and its 200 day moving average is $94.84. The stock has a market cap of $10.77 billion, a price-to-earnings ratio of 16.07 and a beta of 1.93.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Wednesday, February 7th. The casino operator reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.76. Wynn Resorts had a net margin of 11.18% and a negative return on equity of 31.17%. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the business earned ($1.23) earnings per share. The business’s quarterly revenue was up 83.1% on a year-over-year basis. As a group, sell-side analysts forecast that Wynn Resorts, Limited will post 5.37 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Friday, February 16th. Wynn Resorts’s payout ratio is currently 16.72%.

Insider Buying and Selling at Wynn Resorts

In other news, CEO Craig Scott Billings sold 19,235 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $108.00, for a total value of $2,077,380.00. Following the transaction, the chief executive officer now owns 307,904 shares in the company, valued at $33,253,632. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Craig Scott Billings sold 19,235 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $108.00, for a total value of $2,077,380.00. Following the transaction, the chief executive officer now owns 307,904 shares in the company, valued at $33,253,632. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Julie Cameron-Doe sold 6,383 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $105.27, for a total transaction of $671,938.41. Following the completion of the transaction, the chief financial officer now owns 78,150 shares in the company, valued at approximately $8,226,850.50. The disclosure for this sale can be found here. Insiders have sold 26,578 shares of company stock worth $2,850,282 over the last ninety days. Insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on WYNN shares. Susquehanna upped their price objective on shares of Wynn Resorts from $105.00 to $115.00 and gave the company a “positive” rating in a report on Thursday, February 8th. StockNews.com raised shares of Wynn Resorts from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. UBS Group lowered their price target on shares of Wynn Resorts from $117.00 to $108.00 and set a “neutral” rating on the stock in a report on Tuesday, February 6th. Barclays increased their price target on shares of Wynn Resorts from $117.00 to $123.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Finally, Morgan Stanley increased their price target on shares of Wynn Resorts from $107.00 to $114.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Wynn Resorts has a consensus rating of “Moderate Buy” and an average price target of $121.36.

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.