Amalgamated Bank Purchases 11,155 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Amalgamated Bank grew its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 53.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 31,846 shares of the casino operator’s stock after purchasing an additional 11,155 shares during the period. Amalgamated Bank’s holdings in Wynn Resorts were worth $2,850,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in Wynn Resorts during the 2nd quarter worth approximately $25,000. ICA Group Wealth Management LLC acquired a new position in Wynn Resorts during the fourth quarter worth $27,000. Register Financial Advisors LLC acquired a new stake in shares of Wynn Resorts in the 1st quarter worth about $37,000. Neo Ivy Capital Management purchased a new position in shares of Wynn Resorts during the fourth quarter valued at approximately $40,000. Finally, Versant Capital Management Inc purchased a new position in Wynn Resorts during the second quarter worth about $51,000. Institutional investors own 68.87% of the company’s stock.

Wynn Resorts Trading Up 0.6 %

Shares of NASDAQ WYNN opened at $80.21 on Tuesday. Wynn Resorts, Limited has a 12-month low of $71.63 and a 12-month high of $110.38. The stock’s fifty day simple moving average is $78.24 and its two-hundred day simple moving average is $89.45. The stock has a market capitalization of $8.99 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 2.04 and a beta of 1.80.

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

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.25%. Wynn Resorts’s dividend payout ratio is currently 13.70%.

Analyst Upgrades and Downgrades

WYNN has been the topic of a number of research reports. Morgan Stanley lowered their price target on shares of Wynn Resorts from $107.00 to $97.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 4th. Jefferies Financial Group lowered their price target on Wynn Resorts from $111.00 to $96.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft lowered their price target on Wynn Resorts from $131.00 to $122.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Macquarie reaffirmed an “outperform” rating and set a $126.00 target price on shares of Wynn Resorts in a report on Wednesday, August 7th. Finally, StockNews.com downgraded Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Wynn Resorts currently has a consensus rating of “Moderate Buy” and an average price target of $113.73.

Insider Buying and Selling at Wynn Resorts

In other Wynn Resorts news, Director Patricia Mulroy sold 2,650 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $78.73, for a total value of $208,634.50. Following the completion of the sale, the director now owns 5,689 shares in the company, valued at approximately $447,894.97. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.52% 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.