DekaBank Deutsche Girozentrale Sells 271 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

DekaBank Deutsche Girozentrale lessened its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,958 shares of the casino operator’s stock after selling 271 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Wynn Resorts were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in WYNN. Norges Bank bought a new stake in Wynn Resorts during the fourth quarter worth $157,305,000. Interval Partners LP lifted its position in shares of Wynn Resorts by 999.0% during the 1st quarter. Interval Partners LP now owns 400,911 shares of the casino operator’s stock worth $40,985,000 after buying an additional 364,432 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Wynn Resorts by 6,720.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 257,537 shares of the casino operator’s stock worth $23,050,000 after buying an additional 253,761 shares during the last quarter. Janus Henderson Group PLC grew its position in Wynn Resorts by 22.2% in the first quarter. Janus Henderson Group PLC now owns 1,125,718 shares of the casino operator’s stock valued at $115,082,000 after acquiring an additional 204,852 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Wynn Resorts by 1.5% in the first quarter. Vanguard Group Inc. now owns 11,028,618 shares of the casino operator’s stock valued at $1,127,456,000 after acquiring an additional 166,594 shares during the last quarter. Institutional investors and hedge funds own 68.87% of the company’s stock.

Wynn Resorts Trading Up 1.8 %

Shares of WYNN opened at $80.18 on Friday. The firm’s fifty day simple moving average is $78.54 and its two-hundred day simple moving average is $89.95. Wynn Resorts, Limited has a 12 month low of $71.63 and a 12 month high of $110.38. The stock has a market capitalization of $8.90 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 2.04 and a beta of 1.80.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Tuesday, August 6th. The casino operator reported $1.12 EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company earned $0.91 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, research analysts predict that Wynn Resorts, Limited will post 5.44 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were given 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 payout ratio is presently 13.70%.

Insider Buying and Selling

In related news, Director Patricia Mulroy sold 2,650 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was 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 directly owns 5,689 shares of the company’s stock, valued at approximately $447,894.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Argus upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Thursday, May 23rd. Stifel Nicolaus decreased their target price on shares of Wynn Resorts from $121.00 to $103.00 and set a “buy” rating on the stock in a research note on Friday, September 13th. Seaport Res Ptn upgraded Wynn Resorts from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 30th. Deutsche Bank Aktiengesellschaft cut their price objective on Wynn Resorts from $131.00 to $122.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Morgan Stanley dropped their target price on Wynn Resorts from $107.00 to $97.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 4th. Five research analysts have rated the stock with a hold rating, eleven have issued 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 a consensus target price of $113.73.

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.