Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by Tredje AP fonden

Tredje AP fonden trimmed its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 50.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,993 shares of the casino operator’s stock after selling 7,992 shares during the period. Tredje AP fonden’s holdings in Wynn Resorts were worth $689,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in WYNN. New Wave Wealth Advisors LLC acquired a new position in shares of Wynn Resorts in the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Wynn Resorts during the third quarter worth approximately $31,000. SBI Securities Co. Ltd. acquired a new stake in shares of Wynn Resorts during the fourth quarter worth approximately $36,000. Spire Wealth Management boosted its holdings in shares of Wynn Resorts by 116.4% during the fourth quarter. Spire Wealth Management now owns 435 shares of the casino operator’s stock worth $37,000 after purchasing an additional 234 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Wynn Resorts by 15.0% during the fourth quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator’s stock worth $81,000 after purchasing an additional 122 shares during the period. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Wynn Resorts news, Director Philip G. Satre purchased 22,200 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $92.18 per share, for a total transaction of $2,046,396.00. Following the completion of the purchase, the director now directly owns 34,195 shares of the company’s stock, valued at approximately $3,152,095.10. This represents a 185.08 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Wynn Resorts Trading Up 3.5 %

Shares of WYNN stock opened at $86.18 on Friday. Wynn Resorts, Limited has a 1 year low of $71.63 and a 1 year high of $110.38. The firm’s fifty day simple moving average is $85.47 and its 200 day simple moving average is $88.63. The firm has a market capitalization of $9.17 billion, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 2.35 and a beta of 1.77.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $1.15. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.78 billion. Equities research analysts anticipate that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. Wynn Resorts’s dividend payout ratio is currently 23.75%.

Wall Street Analyst Weigh In

WYNN has been the subject of several research reports. Macquarie restated an “outperform” rating and set a $115.00 price target on shares of Wynn Resorts in a report on Friday, February 14th. StockNews.com lowered shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday. Jefferies Financial Group raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and raised their price objective for the company from $105.00 to $118.00 in a research report on Tuesday, February 18th. Stifel Nicolaus raised their price objective on shares of Wynn Resorts from $123.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Morgan Stanley dropped their price target on shares of Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.58.

Wynn Resorts 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.