Fort Washington Investment Advisors Inc. OH Has $1,603,000 Stake in Wynn Resorts, Limited (WYNN)

Fort Washington Investment Advisors Inc. OH held its stake in Wynn Resorts, Limited (NASDAQ:WYNN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,985 shares of the casino operator’s stock at the end of the first quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Wynn Resorts, Limited were worth $1,603,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new stake in Wynn Resorts, Limited during the fourth quarter valued at $2,755,000. Lombard Odier Asset Management USA Corp acquired a new position in shares of Wynn Resorts, Limited during the third quarter valued at approximately $4,871,000. Doheny Asset Management CA increased its position in shares of Wynn Resorts, Limited by 2.5% in the third quarter. Doheny Asset Management CA now owns 7,375 shares of the casino operator’s stock valued at $718,000 after buying an additional 180 shares during the period. Mark Asset Management Corp increased its position in shares of Wynn Resorts, Limited by 60.8% in the third quarter. Mark Asset Management Corp now owns 88,582 shares of the casino operator’s stock valued at $8,630,000 after buying an additional 33,499 shares during the period. Finally, Moors & Cabot Inc. increased its position in shares of Wynn Resorts, Limited by 0.7% in the third quarter. Moors & Cabot Inc. now owns 2,975 shares of the casino operator’s stock valued at $290,000 after buying an additional 21 shares during the period. Institutional investors own 75.22% of the company’s stock.

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

Shares of Wynn Resorts, Limited (NASDAQ WYNN) traded up 0.31% during midday trading on Friday, reaching $134.46. The company’s stock had a trading volume of 1,806,881 shares. The stock has a market capitalization of $13.68 billion, a PE ratio of 51.11 and a beta of 1.70. Wynn Resorts, Limited has a 12 month low of $82.51 and a 12 month high of $136.98. The stock’s 50 day moving average is $127.35 and its 200 day moving average is $107.87.

Wynn Resorts, Limited (NASDAQ:WYNN) last posted its quarterly earnings results on Tuesday, April 25th. The casino operator reported $1.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.28. Wynn Resorts, Limited had a return on equity of 264.58% and a net margin of 5.41%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the company earned $1.07 earnings per share. The firm’s revenue was up 47.9% on a year-over-year basis. On average, analysts forecast that Wynn Resorts, Limited will post $4.72 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 23rd. Shareholders of record on Thursday, May 11th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Tuesday, May 9th. Wynn Resorts, Limited’s payout ratio is 76.05%.

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WYNN has been the topic of several research analyst reports. Vetr raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $119.59 price objective on the stock in a research report on Monday, April 17th. Morgan Stanley reissued an “overweight” rating and set a $119.00 price target on shares of Wynn Resorts, Limited in a research report on Monday, March 13th. Telsey Advisory Group reissued an “outperform” rating and set a $145.00 price target (up previously from $110.00) on shares of Wynn Resorts, Limited in a research report on Wednesday, April 26th. TheStreet raised Wynn Resorts, Limited from a “c” rating to a “b-” rating in a research report on Thursday, March 30th. Finally, Aegis reaffirmed a “buy” rating and set a $132.00 price objective (up previously from $121.00) on shares of Wynn Resorts, Limited in a research report on Saturday, April 29th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Wynn Resorts, Limited presently has a consensus rating of “Buy” and a consensus target price of $121.45.

In other Wynn Resorts, Limited news, President Matt Maddox sold 60,000 shares of Wynn Resorts, Limited stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $124.25, for a total transaction of $7,455,000.00. Following the transaction, the president now directly owns 354,895 shares in the company, valued at approximately $44,095,703.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Patricia Mulroy sold 2,226 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $128.08, for a total transaction of $285,106.08. Following the transaction, the director now owns 8,011 shares in the company, valued at $1,026,048.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,000 shares of company stock worth $10,808,977. Corporate insiders own 13.20% of the company’s stock.

About Wynn Resorts, Limited

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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