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

Andra AP fonden decreased its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 25.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,200 shares of the casino operator’s stock after selling 23,800 shares during the quarter. Andra AP fonden’s holdings in Wynn Resorts were worth $6,135,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. New Wave Wealth Advisors LLC bought a new stake in Wynn Resorts in the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Wynn Resorts during the third quarter valued at approximately $31,000. SBI Securities Co. Ltd. acquired a new position in shares of Wynn Resorts during the fourth quarter worth approximately $36,000. Spire Wealth Management grew its holdings in Wynn Resorts by 116.4% in the 4th quarter. Spire Wealth Management now owns 435 shares of the casino operator’s stock worth $37,000 after buying an additional 234 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Wynn Resorts by 15.0% in the 4th quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator’s stock worth $81,000 after buying an additional 122 shares in the last quarter. Institutional investors own 88.64% of the company’s stock.

Insider Activity at Wynn Resorts

In other news, Director Philip G. Satre acquired 22,200 shares of the stock in a transaction on Tuesday, February 18th. The shares were purchased at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the transaction, the director now owns 34,195 shares in the company, valued at approximately $3,152,095.10. This trade represents a 185.08 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is owned by insiders.

Wynn Resorts Stock Up 0.6 %

WYNN opened at $88.72 on Friday. The firm has a market cap of $9.44 billion, a PE ratio of 21.07, a P/E/G ratio of 2.35 and a beta of 1.76. The business has a fifty day simple moving average of $85.35 and a 200-day simple moving average of $88.32. Wynn Resorts, Limited has a fifty-two week low of $71.63 and a fifty-two week high of $110.38.

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

Wynn Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. Wynn Resorts’s dividend payout ratio is currently 23.75%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WYNN shares. Stifel Nicolaus boosted their price target on Wynn Resorts from $123.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Morgan Stanley reduced their price objective on shares of Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Barclays raised their target price on shares of Wynn Resorts from $115.00 to $116.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Mizuho increased their price objective on shares of Wynn Resorts from $118.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Finally, StockNews.com cut Wynn Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Wynn Resorts 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.