Citadel Investment Advisory Inc. Has $776,000 Stock Position in Wynn Resorts, Limited (NASDAQ:WYNN)

Citadel Investment Advisory Inc. lessened its position in Wynn Resorts, Limited (NASDAQ:WYNNFree Report) by 7.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,516 shares of the casino operator’s stock after selling 705 shares during the quarter. Citadel Investment Advisory Inc.’s holdings in Wynn Resorts were worth $776,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WYNN. Blue Trust Inc. grew its position in shares of Wynn Resorts by 3,000.0% in the 4th quarter. Blue Trust Inc. now owns 279 shares of the casino operator’s stock valued at $25,000 after buying an additional 270 shares during the last quarter. Sunbelt Securities Inc. boosted its position in shares of Wynn Resorts by 4,285.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 307 shares of the casino operator’s stock valued at $28,000 after purchasing an additional 300 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Wynn Resorts during the 1st quarter valued at about $45,000. RVW Wealth LLC bought a new stake in shares of Wynn Resorts during the 3rd quarter valued at about $47,000. Finally, ICA Group Wealth Management LLC bought a new position in Wynn Resorts in the fourth quarter worth approximately $58,000. Institutional investors and hedge funds own 68.87% of the company’s stock.

Wynn Resorts Stock Up 1.1 %

Shares of WYNN stock opened at $106.42 on Thursday. The business has a 50-day moving average price of $101.47 and a two-hundred day moving average price of $94.08. Wynn Resorts, Limited has a 12-month low of $81.65 and a 12-month high of $117.86. The firm has a market cap of $11.93 billion, a P/E ratio of 17.80 and a beta of 1.93.

Wynn Resorts (NASDAQ:WYNNGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The casino operator reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.76. Wynn Resorts had a negative return on equity of 31.17% and a net margin of 11.18%. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the company posted ($1.23) earnings per share. The company’s revenue was up 83.1% compared to the same quarter last year. As a group, research analysts expect that Wynn Resorts, Limited will post 5.27 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 0.94%. The ex-dividend date of this dividend was Friday, February 16th. Wynn Resorts’s payout ratio is 16.72%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. StockNews.com upgraded Wynn Resorts from a “hold” rating to a “buy” rating in a report on Thursday. Bank Of America (Bofa) increased their price objective on Wynn Resorts from $95.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. Wells Fargo & Company increased their price objective on Wynn Resorts from $122.00 to $124.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Morgan Stanley increased their price target on Wynn Resorts from $99.00 to $107.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 13th. Finally, Barclays increased their price target on Wynn Resorts from $108.00 to $117.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $119.62.

View Our Latest Stock Analysis on Wynn Resorts

Insider Buying and Selling at Wynn Resorts

In other Wynn Resorts news, Director Patricia Mulroy sold 960 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $105.17, for a total transaction of $100,963.20. Following the completion of the transaction, the director now owns 522 shares of the company’s stock, valued at approximately $54,898.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Wynn Resorts news, CEO Craig Scott Billings sold 19,235 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $108.00, for a total transaction of $2,077,380.00. Following the transaction, the chief executive officer now owns 307,904 shares in the company, valued at approximately $33,253,632. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Patricia Mulroy sold 960 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $105.17, for a total value of $100,963.20. Following the completion of the sale, the director now owns 522 shares in the company, valued at approximately $54,898.74. The disclosure for this sale can be found here. Insiders sold 73,828 shares of company stock valued at $7,345,942 in the last 90 days. Insiders own 0.52% of the company’s stock.

Wynn Resorts Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Wynn Resorts (NASDAQ:WYNN)

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