The Manufacturers Life Insurance Company Buys 146 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

The Manufacturers Life Insurance Company boosted its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 0.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,159 shares of the casino operator’s stock after buying an additional 146 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of Wynn Resorts worth $6,906,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Interval Partners LP boosted its stake in Wynn Resorts by 999.0% in the first quarter. Interval Partners LP now owns 400,911 shares of the casino operator’s stock valued at $40,985,000 after acquiring an additional 364,432 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Wynn Resorts by 29.1% during the second quarter. Renaissance Technologies LLC now owns 1,345,100 shares of the casino operator’s stock valued at $120,386,000 after buying an additional 303,033 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Wynn Resorts by 6,720.4% during the second quarter. Sequoia Financial Advisors LLC now owns 257,537 shares of the casino operator’s stock valued at $23,050,000 after purchasing an additional 253,761 shares during the period. Janus Henderson Group PLC grew its holdings in Wynn Resorts by 22.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,125,718 shares of the casino operator’s stock worth $115,082,000 after acquiring an additional 204,852 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Wynn Resorts by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 11,028,618 shares of the casino operator’s stock valued at $1,127,456,000 after purchasing an additional 166,594 shares during the period. Institutional investors own 68.87% of the company’s stock.

Insider Buying and Selling

In other Wynn Resorts news, Director Patricia Mulroy sold 2,650 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $78.73, for a total value of $208,634.50. Following the completion of the transaction, the director now directly owns 5,689 shares in the company, valued at $447,894.97. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.52% of the stock is currently owned by company insiders.

Wynn Resorts Trading Up 2.3 %

Shares of NASDAQ:WYNN opened at $105.45 on Friday. Wynn Resorts, Limited has a 1 year low of $71.63 and a 1 year high of $110.38. The firm has a fifty day moving average price of $80.55 and a 200 day moving average price of $89.29. The stock has a market capitalization of $11.82 billion, a PE ratio of 14.45, a P/E/G ratio of 2.63 and a beta of 1.81.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Tuesday, August 6th. The casino operator reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.02). The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.74 billion. Wynn Resorts had a net margin of 12.22% and a negative return on equity of 53.84%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 earnings per share. On average, sell-side analysts forecast that Wynn Resorts, Limited will post 5.44 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 annualized dividend and a dividend yield of 0.95%. Wynn Resorts’s dividend payout ratio is presently 13.70%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. StockNews.com cut Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft reduced their price objective on Wynn Resorts from $131.00 to $122.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Macquarie reissued an “outperform” rating and issued a $126.00 price objective on shares of Wynn Resorts in a report on Wednesday, August 7th. JPMorgan Chase & Co. cut their price target on Wynn Resorts from $110.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. Finally, Stifel Nicolaus cut their target price on shares of Wynn Resorts from $121.00 to $103.00 and set a “buy” rating for the company in a report on Friday, September 13th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $114.20.

Wynn Resorts Company 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.