Amalgamated Bank Has $1.82 Million Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Amalgamated Bank trimmed its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 40.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,970 shares of the casino operator's stock after selling 12,876 shares during the quarter. Amalgamated Bank's holdings in Wynn Resorts were worth $1,819,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Texas Permanent School Fund Corp increased its holdings in Wynn Resorts by 2.8% during the 1st quarter. Texas Permanent School Fund Corp now owns 19,706 shares of the casino operator's stock valued at $2,015,000 after purchasing an additional 531 shares in the last quarter. Sei Investments Co. increased its stake in shares of Wynn Resorts by 5.6% in the first quarter. Sei Investments Co. now owns 139,038 shares of the casino operator's stock valued at $14,214,000 after buying an additional 7,380 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Wynn Resorts in the first quarter valued at about $180,000. Qsemble Capital Management LP acquired a new position in Wynn Resorts during the 1st quarter worth about $242,000. Finally, State Board of Administration of Florida Retirement System grew its holdings in Wynn Resorts by 16.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 116,130 shares of the casino operator's stock worth $12,996,000 after acquiring an additional 16,448 shares during the last quarter. Institutional investors and hedge funds own 68.87% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus reduced 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 report on Friday, September 13th. Macquarie reissued an "outperform" rating and issued a $120.00 target price on shares of Wynn Resorts in a research note on Tuesday, November 5th. Wells Fargo & Company cut their price target on Wynn Resorts from $125.00 to $122.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective on Wynn Resorts from $101.00 to $113.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Finally, StockNews.com downgraded shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Tuesday, September 17th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $115.71.

Wynn Resorts Price Performance

Shares of NASDAQ WYNN traded down $0.42 during midday trading on Wednesday, reaching $85.08. 664,190 shares of the stock were exchanged, compared to its average volume of 2,182,561. Wynn Resorts, Limited has a 12 month low of $71.63 and a 12 month high of $110.38. The business has a 50-day simple moving average of $91.35 and a two-hundred day simple moving average of $88.29. The company has a market capitalization of $9.34 billion, a price-to-earnings ratio of 10.55, a P/E/G ratio of 3.08 and a beta of 1.80.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The casino operator reported $0.90 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.11). Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the company earned $0.99 EPS. Wynn Resorts's quarterly revenue was up 1.3% on a year-over-year basis. Equities research analysts expect that Wynn Resorts, Limited will post 4.87 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, November 15th. Wynn Resorts's dividend payout ratio is currently 12.33%.

Insider Activity at Wynn Resorts

In related news, Director Patricia Mulroy sold 2,650 shares of the company's stock in a transaction on Monday, September 16th. The shares were 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 owns 5,689 shares in the company, valued at $447,894.97. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is owned by corporate insiders.

About Wynn Resorts

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.