In yesterday’s Wall Street session, Wynn Resorts Limited (NASDAQ:WYNN) shares traded at $101.88, down -6.02% from the previous session.
WYNN stock price is now -6.99% away from the 50-day moving average and 16.36% away from the 200-day moving average. The market capitalization of the company currently stands at $11.60B.
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In other news, Billings Craig Scott, CEO sold 10,901 shares of the company’s stock on Mar 16. The stock was sold for $1,125,637 at an average price of $103.26. Upon completion of the transaction, the CEO now directly owns 255,781 shares in the company, valued at $26.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 22, CFO CAMERON-DOE JULIE sold 4,000 shares of the business’s stock. A total of $432,320 was realized by selling the stock at an average price of $108.08. This leaves the insider owning 65,970 shares of the company worth $6.72 million. Insiders disposed of 102,768 shares of company stock worth roughly $10.47 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WYNN stock. A new stake in Wynn Resorts Limited shares was purchased by SCOPUS ASSET MANAGEMENT, L.P. during the first quarter worth $56,034,000. BAMCO INC /NY/ invested $42,730,000 in shares of WYNN during the first quarter. In the first quarter, SENATOR INVESTMENT GROUP LP acquired a new stake in Wynn Resorts Limited valued at approximately $34,130,000. MANE GLOBAL CAPITAL MANAGEMENT LP acquired a new stake in WYNN for approximately $32,500,000. HOLOCENE ADVISORS, LP purchased a new stake in WYNN valued at around $20,892,000 in the second quarter. In total, there are 740 active investors with 66.40% ownership of the company’s stock.
Tuesday morning saw Wynn Resorts Limited (NASDAQ: WYNN) opened at $107.19. During the past 12 months, Wynn Resorts Limited has had a low of $50.20 and a high of $117.86. The fifty day moving average price for WYNN is $109.45 and a two-hundred day moving average price translates $87.73 for the stock.
The latest earnings results from Wynn Resorts Limited (NASDAQ: WYNN) was released for Mar, 2023. According to the Resorts & Casinos Company, earnings per share came in at $0.29, beating analysts’ expectations of -$0.01 by 0.3. This compares to -$2.21 EPS in the same period last year. The net profit margin was -5.40% and return on equity was 32.10% for WYNN. The company reported revenue of $1.42 billion for the quarter, compared to $953.33 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 49.34 percent. For the current quarter, analysts expect WYNN to generate $1.51B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/06/2023. Investors who held shares on 05/23/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 0.98% percent yield. There was an ex-dividend date of 05/22/2023 for this dividend.
Wynn Resorts Limited(WYNN) 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. The Wynn Macau segment operates casino space with private gaming salons, sky casinos, and a poker room; a luxury hotel tower, that include health clubs, spas, a salon, and a pool; food and beverage outlets; retail space; meeting and convention space; and Chinese zodiac-inspired ceiling attractions. The Las Vegas Operations segment operates casino space with private gaming salons, a sky casino, a poker room, and a race and sports book; a luxury hotel tower with suites, and villas, including swimming pools, private cabanas, full-service spas and salons, and a wedding chapel; food and beverage outlets; meeting and convention space; retail space; and theaters, nightclubs, a beach club. The Encore Boston Harbor segment operates casino space with gaming areas, and a poker room; a luxury hotel tower including a spa and salon; food and beverage outlets and a nightclub; retail space; meeting and convention space; and a waterfront park, floral displays, and water shuttle service. Wynn Resorts, Limited was founded in 2002 and is based in Las Vegas, Nevada.
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