3,799 Shares in Wynn Resorts, Limited (WYNN) Acquired by ProVise Management Group LLC

ProVise Management Group LLC purchased a new position in Wynn Resorts, Limited (NASDAQ:WYNN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,799 shares of the casino operator’s stock, valued at approximately $566,000.

Several other institutional investors have also added to or reduced their stakes in WYNN. First Personal Financial Services grew its holdings in shares of Wynn Resorts, Limited by 102.9% during the third quarter. First Personal Financial Services now owns 710 shares of the casino operator’s stock worth $106,000 after buying an additional 360 shares in the last quarter. Financial Architects Inc grew its holdings in shares of Wynn Resorts, Limited by 4.2% during the second quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock worth $168,000 after buying an additional 50 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Wynn Resorts, Limited by 40.8% during the second quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock worth $169,000 after buying an additional 365 shares in the last quarter. Hanseatic Management Services Inc. grew its holdings in shares of Wynn Resorts, Limited by 808.1% during the second quarter. Hanseatic Management Services Inc. now owns 1,462 shares of the casino operator’s stock worth $196,000 after buying an additional 1,301 shares in the last quarter. Finally, Northside Capital Management LLC purchased a new stake in shares of Wynn Resorts, Limited during the second quarter worth $201,000. 71.45% of the stock is owned by institutional investors and hedge funds.

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A number of equities research analysts have recently issued reports on WYNN shares. Stifel Nicolaus upped their target price on shares of Wynn Resorts, Limited from $134.00 to $153.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Telsey Advisory Group cut shares of Wynn Resorts, Limited from an “outperform” rating to a “market perform” rating and set a $150.00 price target on the stock. in a research report on Wednesday, July 26th. TheStreet cut shares of Wynn Resorts, Limited from a “b-” rating to a “c+” rating in a research report on Friday, October 13th. Zacks Investment Research cut shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Vetr raised shares of Wynn Resorts, Limited from a “buy” rating to a “strong-buy” rating and set a $146.26 price target on the stock in a research report on Thursday, July 27th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Wynn Resorts, Limited presently has a consensus rating of “Buy” and a consensus target price of $148.49.

In other Wynn Resorts, Limited news, President Matt Maddox sold 42,900 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $143.44, for a total value of $6,153,576.00. Following the transaction, the president now directly owns 350,586 shares in the company, valued at $50,288,055.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kimmarie Sinatra sold 21,451 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $143.62, for a total transaction of $3,080,792.62. Following the completion of the transaction, the executive vice president now owns 223,443 shares in the company, valued at $32,090,883.66. The disclosure for this sale can be found here. Insiders sold 159,406 shares of company stock worth $23,864,344 over the last quarter. 13.20% of the stock is currently owned by insiders.

Wynn Resorts, Limited (NASDAQ WYNN) traded up $1.61 during mid-day trading on Wednesday, hitting $158.57. 916,900 shares of the company were exchanged, compared to its average volume of 2,074,149. The company has a debt-to-equity ratio of 24.54, a current ratio of 1.72 and a quick ratio of 1.68. Wynn Resorts, Limited has a 12-month low of $85.57 and a 12-month high of $158.73. The stock has a market capitalization of $16,132.74, a price-to-earnings ratio of 35.35 and a beta of 1.72.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.24. Wynn Resorts, Limited 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 analyst estimates of $1.56 billion. During the same period in the prior year, the firm earned $0.74 earnings per share. The business’s quarterly revenue was up 45.3% compared to the same quarter last year. sell-side analysts forecast that Wynn Resorts, Limited will post 5.34 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Thursday, November 16th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $2.00 annualized dividend and a yield of 1.26%. Wynn Resorts, Limited’s dividend payout ratio is currently 55.25%.

Wynn Resorts, Limited Profile

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

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