Wynn Resorts, Limited (NASDAQ:WYNN) saw some unusual options trading activity on Tuesday. Stock traders acquired 13,518 put options on the company. This represents an increase of approximately 161% compared to the typical daily volume of 5,177 put options.

A number of analysts have issued reports on WYNN shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 price target (up from $110.00) on shares of Wynn Resorts, Limited in a report on Wednesday, April 26th. Vetr downgraded shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating and set a $140.28 price target on the stock. in a report on Monday, July 10th. Aegis reiterated a “buy” rating and issued a $132.00 price target (up from $121.00) on shares of Wynn Resorts, Limited in a report on Saturday, April 29th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Wynn Resorts, Limited in a report on Wednesday, July 12th. Finally, Union Gaming Research upgraded shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Wynn Resorts, Limited presently has an average rating of “Hold” and a consensus price target of $126.99.

In other Wynn Resorts, Limited news, President Matt Maddox sold 44,309 shares of Wynn Resorts, Limited stock in a transaction on Friday, June 16th. The shares were sold at an average price of $134.35, for a total value of $5,952,914.15. Following the sale, the president now directly owns 344,895 shares in the company, valued at approximately $46,336,643.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kimmarie Sinatra sold 22,624 shares of Wynn Resorts, Limited stock in a transaction on Friday, June 9th. The shares were sold at an average price of $129.12, for a total transaction of $2,921,210.88. Following the completion of the sale, the executive vice president now owns 221,067 shares in the company, valued at $28,544,171.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,933 shares of company stock worth $9,261,125. 13.20% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Candriam Luxembourg S.C.A. boosted its stake in shares of Wynn Resorts, Limited by 32.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 5,225 shares of the casino operator’s stock worth $599,000 after buying an additional 1,282 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of Wynn Resorts, Limited by 2.2% in the first quarter. Retirement Systems of Alabama now owns 38,428 shares of the casino operator’s stock worth $4,404,000 after buying an additional 817 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Wynn Resorts, Limited during the first quarter worth $308,000. Ledyard National Bank bought a new stake in shares of Wynn Resorts, Limited during the first quarter worth $211,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Wynn Resorts, Limited by 19.5% in the first quarter. Nisa Investment Advisors LLC now owns 24,161 shares of the casino operator’s stock worth $2,769,000 after buying an additional 3,950 shares in the last quarter. Institutional investors and hedge funds own 72.83% of the company’s stock.

Shares of Wynn Resorts, Limited (WYNN) opened at 134.62 on Friday. The firm has a 50-day moving average of $131.63 and a 200 day moving average of $119.85. The stock has a market capitalization of $13.72 billion, a PE ratio of 50.38 and a beta of 1.72. Wynn Resorts, Limited has a 52-week low of $82.51 and a 52-week high of $139.67.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its quarterly earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 165.77%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the business earned $1.07 earnings per share. The business’s revenue for the quarter was up 44.5% on a year-over-year basis. Equities research analysts forecast that Wynn Resorts, Limited will post $4.90 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 22nd. Shareholders of record on Thursday, August 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Tuesday, August 8th. Wynn Resorts, Limited’s dividend payout ratio is presently 74.91%.

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Wynn Resorts, Limited Company 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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