Wynn Resorts, Limited (NASDAQ:WYNN) Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC grew its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 9.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,597 shares of the casino operator’s stock after purchasing an additional 634 shares during the period. Kestra Private Wealth Services LLC’s holdings in Wynn Resorts were worth $692,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. increased its holdings in Wynn Resorts by 3,000.0% in the fourth quarter. Blue Trust Inc. now owns 279 shares of the casino operator’s stock valued at $25,000 after buying an additional 270 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of Wynn Resorts by 4,285.7% in the third quarter. Sunbelt Securities Inc. now owns 307 shares of the casino operator’s stock valued at $28,000 after buying an additional 300 shares in the last quarter. GAMMA Investing LLC acquired a new stake in Wynn Resorts in the 4th quarter valued at about $38,000. Venturi Wealth Management LLC lifted its holdings in shares of Wynn Resorts by 1,083.8% in 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 in the last quarter. Finally, Federated Hermes Inc. grew its position in shares of Wynn Resorts by 47.5% in the fourth quarter. Federated Hermes Inc. now owns 435 shares of the casino operator’s stock valued at $40,000 after purchasing an additional 140 shares during the last quarter. 68.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Barclays upped their target price on Wynn Resorts from $123.00 to $124.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. JPMorgan Chase & Co. increased their price objective on Wynn Resorts from $118.00 to $123.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. StockNews.com raised shares of Wynn Resorts from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Morgan Stanley raised their price target on shares of Wynn Resorts from $107.00 to $114.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Susquehanna boosted their price objective on shares of Wynn Resorts from $105.00 to $115.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $121.43.

Insiders Place Their Bets

In other news, CEO Craig Scott Billings sold 19,235 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $33,253,632. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Wynn Resorts news, CFO Julie Cameron-Doe sold 6,383 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $105.27, for a total transaction of $671,938.41. Following the transaction, the chief financial officer now owns 78,150 shares in the company, valued at $8,226,850.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Craig Scott Billings sold 19,235 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 307,904 shares of the company’s stock, valued at approximately $33,253,632. The disclosure for this sale can be found here. Insiders sold a total of 26,578 shares of company stock worth $2,850,282 over the last ninety days. 0.52% of the stock is owned by company insiders.

Wynn Resorts Stock Up 1.5 %

WYNN stock opened at $96.71 on Monday. The company has a market cap of $10.84 billion, a price-to-earnings ratio of 16.17 and a beta of 1.91. The business has a fifty day simple moving average of $100.60 and a 200-day simple moving average of $95.19. Wynn Resorts, Limited has a 52 week low of $81.65 and a 52 week high of $113.50.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Wednesday, February 7th. The casino operator reported $1.91 EPS for the quarter, topping the consensus estimate of $1.15 by $0.76. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.74 billion. Wynn Resorts had a negative return on equity of 31.17% and a net margin of 11.18%. The firm’s revenue was up 83.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.23) earnings per share. As a group, analysts expect that Wynn Resorts, Limited will post 5.37 earnings per share 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. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.00 dividend on an annualized basis and a yield of 1.03%. Wynn Resorts’s dividend payout ratio (DPR) is 16.72%.

About Wynn Resorts

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.