Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by Bokf Na

Bokf Na cut its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 81.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,748 shares of the casino operator’s stock after selling 16,460 shares during the quarter. Bokf Na’s holdings in Wynn Resorts were worth $335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Qsemble Capital Management LP grew its stake in shares of Wynn Resorts by 640.5% in the second quarter. Qsemble Capital Management LP now owns 17,498 shares of the casino operator’s stock valued at $1,566,000 after buying an additional 15,135 shares in the last quarter. AdvisorShares Investments LLC acquired a new stake in shares of Wynn Resorts in the second quarter valued at $411,000. ClariVest Asset Management LLC acquired a new stake in shares of Wynn Resorts in the second quarter valued at $1,718,000. Daiwa Securities Group Inc. grew its stake in Wynn Resorts by 7.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 10,642 shares of the casino operator’s stock worth $952,000 after purchasing an additional 759 shares in the last quarter. Finally, Andra AP fonden grew its stake in Wynn Resorts by 9.6% during the 2nd quarter. Andra AP fonden now owns 102,600 shares of the casino operator’s stock worth $9,183,000 after purchasing an additional 9,000 shares in the last quarter. 68.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on WYNN. Morgan Stanley lowered their target price on Wynn Resorts from $107.00 to $97.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 4th. Macquarie reaffirmed an “outperform” rating and set a $126.00 price objective on shares of Wynn Resorts in a research report on Wednesday, August 7th. Seaport Res Ptn raised Wynn Resorts from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 30th. Jefferies Financial Group lowered their price objective on Wynn Resorts from $111.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. Finally, Argus raised Wynn Resorts from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a report on Thursday, May 23rd. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.73.

Wynn Resorts Stock Up 0.6 %

WYNN opened at $78.95 on Tuesday. The business has a 50 day moving average price of $78.74 and a two-hundred day moving average price of $90.17. The company has a market cap of $8.76 billion, a PE ratio of 10.82, a P/E/G ratio of 1.93 and a beta of 1.80. Wynn Resorts, Limited has a 52 week low of $71.63 and a 52 week high of $110.38.

Wynn Resorts (NASDAQ:WYNN) last issued its earnings results on Tuesday, August 6th. The casino operator reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Wynn Resorts had a negative return on equity of 53.84% and a net margin of 12.22%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the company posted $0.91 earnings per share. As a group, sell-side analysts expect that Wynn Resorts, Limited will post 5.55 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Monday, August 19th. Wynn Resorts’s dividend payout ratio is currently 13.70%.

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.