Marcus Capital LLC Has $1.81 Million Holdings in Wynn Resorts, Limited (WYNN)

Marcus Capital LLC cut its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 55.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,175 shares of the casino operator’s stock after selling 14,925 shares during the quarter. Wynn Resorts, Limited comprises approximately 2.6% of Marcus Capital LLC’s holdings, making the stock its 18th largest position. Marcus Capital LLC’s holdings in Wynn Resorts, Limited were worth $1,813,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Personal Financial Services lifted its stake in Wynn Resorts, Limited by 102.9% in the third quarter. First Personal Financial Services now owns 710 shares of the casino operator’s stock valued at $106,000 after acquiring an additional 360 shares during the last quarter. Reilly Financial Advisors LLC lifted its stake in Wynn Resorts, Limited by 1,000.0% in the second quarter. Reilly Financial Advisors LLC now owns 1,100 shares of the casino operator’s stock valued at $148,000 after acquiring an additional 1,000 shares during the last quarter. Financial Architects Inc lifted its stake in Wynn Resorts, Limited by 4.2% in the second quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock valued at $168,000 after acquiring an additional 50 shares during the last quarter. IFP Advisors Inc lifted its stake in Wynn Resorts, Limited by 40.8% in the second quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock valued at $169,000 after acquiring an additional 365 shares during the last quarter. Finally, Hanseatic Management Services Inc. lifted its stake in Wynn Resorts, Limited by 808.1% in the second quarter. Hanseatic Management Services Inc. now owns 1,462 shares of the casino operator’s stock valued at $196,000 after acquiring an additional 1,301 shares during the last quarter. Hedge funds and other institutional investors own 70.67% of the company’s stock.

WYNN has been the subject of a number of analyst reports. Stifel Nicolaus lifted their target price on shares of Wynn Resorts, Limited from $134.00 to $153.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Morgan Stanley reissued a “hold” rating and issued a $151.00 price target (down previously from $158.00) on shares of Wynn Resorts, Limited in a research report on Thursday, October 12th. Deutsche Bank AG raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and lifted their price target for the company from $138.00 to $150.00 in a research report on Tuesday, August 15th. Bank of America Corporation reissued a “neutral” rating and issued a $140.00 price target (up previously from $135.00) on shares of Wynn Resorts, Limited in a research report on Friday, July 21st. Finally, Citigroup Inc. lifted their price target on shares of Wynn Resorts, Limited to $161.00 and gave the company a “buy” rating in a research report on Monday, October 16th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $148.11.

In other news, EVP Kimmarie Sinatra sold 21,451 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $143.62, for a total value of $3,080,792.62. Following the sale, the executive vice president now owns 223,443 shares in the company, valued at approximately $32,090,883.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Matt Maddox sold 42,900 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $143.44, for a total transaction of $6,153,576.00. Following the completion of the sale, the president now owns 350,586 shares in the company, valued at approximately $50,288,055.84. The disclosure for this sale can be found here. Insiders sold a total of 100,146 shares of company stock worth $14,671,932 in the last 90 days. 13.20% of the stock is owned by corporate insiders.

Shares of Wynn Resorts, Limited (WYNN) traded down $2.58 during trading on Wednesday, reaching $151.02. 719,810 shares of the company’s stock traded hands, compared to its average volume of 2,094,015. The company has a market cap of $15,955.96, a price-to-earnings ratio of 34.96 and a beta of 1.72. 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 $84.88 and a 12-month high of $156.40.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its quarterly earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.24. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.56 billion. Wynn Resorts, Limited had a net margin of 6.24% and a return on equity of 132.96%. The business’s revenue for the quarter was up 45.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 EPS. sell-side analysts forecast that Wynn Resorts, Limited will post 5.34 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Thursday, November 16th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.32%. The ex-dividend date is Wednesday, November 15th. Wynn Resorts, Limited’s dividend payout ratio (DPR) is presently 55.25%.

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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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