American Assets Capital Advisers LLC Sells 25,863 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

American Assets Capital Advisers LLC lessened its position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 12.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 187,138 shares of the casino operator's stock after selling 25,863 shares during the quarter. Wynn Resorts comprises about 5.4% of American Assets Capital Advisers LLC's investment portfolio, making the stock its 6th biggest position. American Assets Capital Advisers LLC owned about 0.17% of Wynn Resorts worth $16,124,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its position in shares of Wynn Resorts by 70.7% in the third quarter. Fisher Asset Management LLC now owns 3,971,846 shares of the casino operator's stock valued at $380,821,000 after acquiring an additional 1,644,965 shares during the period. Geode Capital Management LLC boosted its holdings in Wynn Resorts by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,406,260 shares of the casino operator's stock valued at $229,945,000 after purchasing an additional 34,907 shares during the period. Charles Schwab Investment Management Inc. grew its position in Wynn Resorts by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 952,442 shares of the casino operator's stock worth $82,062,000 after purchasing an additional 5,032 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Wynn Resorts in the 4th quarter worth $75,872,000. Finally, Holocene Advisors LP increased its holdings in shares of Wynn Resorts by 27,868.5% during the 3rd quarter. Holocene Advisors LP now owns 757,946 shares of the casino operator's stock worth $72,672,000 after purchasing an additional 755,236 shares during the period. Institutional investors and hedge funds own 88.64% of the company's stock.

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Insider Buying and Selling

In related news, Director Philip G. Satre purchased 22,200 shares of the stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $92.18 per share, with a total value of $2,046,396.00. Following the transaction, the director now directly owns 34,195 shares of the company's stock, valued at $3,152,095.10. This trade represents a 185.08 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Wynn Resorts Trading Down 2.3 %

Shares of WYNN stock traded down $1.97 on Thursday, hitting $83.07. The stock had a trading volume of 1,803,826 shares, compared to its average volume of 2,267,068. The company has a fifty day moving average price of $85.64 and a two-hundred day moving average price of $88.83. The firm has a market cap of $8.84 billion, a P/E ratio of 19.73, a PEG ratio of 2.35 and a beta of 1.76. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced 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 firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.78 billion. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. On average, analysts expect that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Monday, February 24th. Wynn Resorts's dividend payout ratio (DPR) is currently 23.75%.

Analyst Ratings Changes

WYNN has been the topic of a number of recent research reports. Macquarie reissued an "outperform" rating and set a $115.00 target price on shares of Wynn Resorts in a research report on Friday, February 14th. Jefferies Financial Group upgraded Wynn Resorts from a "hold" rating to a "buy" rating and upped their price target for the company from $105.00 to $118.00 in a research report on Tuesday, February 18th. Mizuho raised their price objective on shares of Wynn Resorts from $118.00 to $132.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. Barclays raised their target price on Wynn Resorts from $115.00 to $116.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, Morgan Stanley dropped their price objective on shares of Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. Two 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 stock. According to MarketBeat.com, Wynn Resorts 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.