American Assets Investment Management LLC Raises Stock Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

American Assets Investment Management LLC boosted its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 38.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,310 shares of the casino operator's stock after acquiring an additional 8,718 shares during the quarter. American Assets Investment Management LLC's holdings in Wynn Resorts were worth $3,002,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WYNN. International Assets Investment Management LLC purchased a new stake in Wynn Resorts during the second quarter valued at $25,000. Blue Trust Inc. grew its holdings in Wynn Resorts by 556.0% during the third quarter. Blue Trust Inc. now owns 551 shares of the casino operator's stock valued at $49,000 after purchasing an additional 467 shares during the period. Versant Capital Management Inc bought a new stake in Wynn Resorts during the second quarter valued at about $51,000. Covestor Ltd grew its holdings in Wynn Resorts by 421.7% during the first quarter. Covestor Ltd now owns 626 shares of the casino operator's stock valued at $64,000 after purchasing an additional 506 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Wynn Resorts by 25.1% during the second quarter. GAMMA Investing LLC now owns 828 shares of the casino operator's stock valued at $74,000 after purchasing an additional 166 shares during the period. Hedge funds and other institutional investors own 68.87% of the company's stock.

Wynn Resorts Stock Down 1.1 %

Wynn Resorts stock traded down $0.98 during midday trading on Tuesday, reaching $85.50. 3,892,571 shares of the stock traded hands, compared to its average volume of 2,189,490. The stock's fifty day moving average is $91.15 and its 200-day moving average is $88.36. Wynn Resorts, Limited has a 12 month low of $71.63 and a 12 month high of $110.38. The stock has a market cap of $9.39 billion, a P/E ratio of 10.66, a PEG ratio of 2.41 and a beta of 1.80.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the company posted $0.99 earnings per share. Wynn Resorts's quarterly revenue was up 1.3% on a year-over-year basis. On average, equities analysts predict that Wynn Resorts, Limited will post 4.9 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.17%. Wynn Resorts's dividend payout ratio (DPR) is presently 12.33%.

Insider Buying and Selling at Wynn Resorts

In other Wynn Resorts news, Director Patricia Mulroy sold 2,650 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $78.73, for a total transaction of $208,634.50. Following the sale, the director now directly owns 5,689 shares in the company, valued at $447,894.97. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.52% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on WYNN shares. Wells Fargo & Company cut their price target on Wynn Resorts from $125.00 to $122.00 and set an "overweight" rating for the company in a report on Tuesday, November 5th. Susquehanna boosted their price target on Wynn Resorts from $92.00 to $122.00 and gave the company a "positive" rating in a report on Friday, October 11th. Morgan Stanley boosted their price target on Wynn Resorts from $112.00 to $115.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. StockNews.com lowered Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Tuesday, September 17th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Wynn Resorts from $122.00 to $118.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $115.71.

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.