Wynn Resorts, Limited (WYNN) Director Patricia Mulroy Sells 425 Shares

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Wynn Resorts, Limited (NASDAQ:WYNN) Director Patricia Mulroy sold 425 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $118.02, for a total transaction of $50,158.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Wynn Resorts stock traded up $0.15 during trading on Friday, reaching $115.79. The company had a trading volume of 2,201,263 shares, compared to its average volume of 2,195,633. Wynn Resorts, Limited has a 12-month low of $90.06 and a 12-month high of $202.48. The company has a market cap of $12.59 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 1.90 and a beta of 1.70. 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 released its earnings results on Wednesday, January 30th. The casino operator reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.30). Wynn Resorts had a net margin of 8.70% and a return on equity of 47.05%. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the firm posted $1.40 earnings per share. Wynn Resorts’s revenue for the quarter was up 4.0% compared to the same quarter last year. Sell-side analysts predict that Wynn Resorts, Limited will post 6.17 EPS for the current year.

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

Several brokerages recently commented on WYNN. Roth Capital reiterated a “buy” rating and issued a $135.00 price objective (down previously from $140.00) on shares of Wynn Resorts in a research note on Thursday, January 31st. Nomura restated a “buy” rating and set a $145.00 target price (up from $132.00) on shares of Wynn Resorts in a report on Thursday, January 31st. Morgan Stanley restated an “equal weight” rating and set a $122.00 target price (up from $121.00) on shares of Wynn Resorts in a report on Thursday, January 31st. Macquarie restated a “neutral” rating and set a $121.00 target price (up from $116.00) on shares of Wynn Resorts in a report on Thursday, January 31st. Finally, BidaskClub downgraded shares of Wynn Resorts from a “buy” rating to a “hold” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company. Wynn Resorts presently has a consensus rating of “Hold” and a consensus price target of $148.94.

Institutional investors have recently added to or reduced their stakes in the stock. Aft Forsyth & Company Inc. acquired a new position in Wynn Resorts during the fourth quarter valued at approximately $388,000. Park Avenue Institutional Advisers LLC lifted its position in Wynn Resorts by 100.0% during the fourth quarter. Park Avenue Institutional Advisers LLC now owns 6,000 shares of the casino operator’s stock valued at $593,000 after buying an additional 3,000 shares in the last quarter. Macquarie Group Ltd. lifted its position in Wynn Resorts by 25.9% during the third quarter. Macquarie Group Ltd. now owns 57,891 shares of the casino operator’s stock valued at $7,356,000 after buying an additional 11,924 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in Wynn Resorts by 14.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 104,001 shares of the casino operator’s stock valued at $10,287,000 after buying an additional 12,801 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Wynn Resorts during the third quarter valued at approximately $1,388,000. Hedge funds and other institutional investors own 73.86% of the company’s stock.

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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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