Thrivent Financial for Lutherans Buys 3,850 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Thrivent Financial for Lutherans increased its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 49.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,683 shares of the casino operator’s stock after purchasing an additional 3,850 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Wynn Resorts were worth $1,120,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Regal Partners Ltd grew its position in shares of Wynn Resorts by 24.0% during the 3rd quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator’s stock worth $86,168,000 after buying an additional 174,005 shares in the last quarter. Cetera Investment Advisers grew its holdings in Wynn Resorts by 326.5% during the 1st quarter. Cetera Investment Advisers now owns 25,980 shares of the casino operator’s stock worth $2,656,000 after acquiring an additional 19,889 shares in the last quarter. Crystal Rock Capital Management bought a new position in Wynn Resorts during the 3rd quarter worth about $719,000. MBB Public Markets I LLC purchased a new position in Wynn Resorts during the 2nd quarter valued at about $698,000. Finally, APG Asset Management N.V. lifted its position in shares of Wynn Resorts by 231.0% in the 2nd quarter. APG Asset Management N.V. now owns 11,176 shares of the casino operator’s stock worth $933,000 after purchasing an additional 7,800 shares during the period. 68.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WYNN. UBS Group raised shares of Wynn Resorts to a “hold” rating in a report on Friday, August 23rd. Macquarie reiterated an “outperform” rating and issued a $120.00 price target on shares of Wynn Resorts in a report on Tuesday, November 5th. Stifel Nicolaus reduced their price target on Wynn Resorts from $121.00 to $103.00 and set a “buy” rating for the company in a research report on Friday, September 13th. StockNews.com downgraded Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.71.

Wynn Resorts Stock Up 3.0 %

WYNN stock opened at $94.38 on Monday. Wynn Resorts, Limited has a 52 week low of $71.63 and a 52 week high of $110.38. The stock has a market capitalization of $10.36 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 3.46 and a beta of 1.80. The firm has a 50 day moving average of $94.90 and a 200 day moving average of $87.91.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Monday, November 4th. The casino operator reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. Wynn Resorts’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $0.99 earnings per share. On average, equities research analysts expect that Wynn Resorts, Limited will post 4.78 earnings per share for the current year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Friday, November 15th. Wynn Resorts’s payout ratio is 12.33%.

Insider Buying and Selling

In related news, Director Patricia Mulroy sold 2,650 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $78.73, for a total transaction of $208,634.50. Following the completion of the transaction, the director now owns 5,689 shares of the company’s stock, valued at $447,894.97. This trade represents a 31.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Wynn Resorts 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.