Wynn Resorts, Limited (NASDAQ:WYNN) Director Philip G. Satre Purchases 22,200 Shares

Wynn Resorts, Limited (NASDAQ:WYNN) Director Philip G. Satre purchased 22,200 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was acquired at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the completion of the purchase, the director now owns 34,195 shares of the company’s stock, valued at approximately $3,152,095.10. This trade represents a 185.08 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Wynn Resorts Trading Up 2.7 %

Wynn Resorts stock traded up $2.39 during trading on Tuesday, hitting $91.21. 5,185,612 shares of the company were exchanged, compared to its average volume of 2,918,731. The business’s 50 day moving average is $85.45 and its 200 day moving average is $87.06. Wynn Resorts, Limited has a 52 week low of $71.63 and a 52 week high of $110.38. The company has a market capitalization of $10.02 billion, a P/E ratio of 11.25, a PEG ratio of 2.32 and a beta of 1.76.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $1.15. Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.78 billion. Equities analysts expect that Wynn Resorts, Limited will post 4.69 EPS for the current year.

Wynn Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.00 annualized dividend and a yield of 1.10%. Wynn Resorts’s dividend payout ratio (DPR) is currently 12.33%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wells Fargo & Company dropped their price target on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Stifel Nicolaus boosted their price target on Wynn Resorts from $123.00 to $128.00 and gave the company a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft dropped their price target on Wynn Resorts from $122.00 to $118.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Jefferies Financial Group raised Wynn Resorts from a “hold” rating to a “buy” rating and boosted their price target for the company from $105.00 to $118.00 in a research note on Tuesday. Finally, Barclays upped their target price on Wynn Resorts from $115.00 to $116.00 and gave the stock an “overweight” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $120.58.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. New Wave Wealth Advisors LLC bought a new position in Wynn Resorts in the 4th quarter valued at $26,000. Wilmington Savings Fund Society FSB bought a new position in Wynn Resorts in the 3rd quarter valued at $31,000. SBI Securities Co. Ltd. bought a new position in Wynn Resorts in the 4th quarter valued at $36,000. Spire Wealth Management grew its stake in Wynn Resorts by 116.4% in the 4th quarter. Spire Wealth Management now owns 435 shares of the casino operator’s stock valued at $37,000 after purchasing an additional 234 shares during the period. Finally, Canada Post Corp Registered Pension Plan bought a new position in Wynn Resorts in the 4th quarter valued at $45,000. Institutional investors own 88.64% of the company’s stock.

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.