Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by Andra AP fonden

Andra AP fonden cut its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 25.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,200 shares of the casino operator's stock after selling 23,800 shares during the quarter. Andra AP fonden owned approximately 0.06% of Wynn Resorts worth $6,135,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. IHT Wealth Management LLC lifted its holdings in Wynn Resorts by 1.7% in the 3rd quarter. IHT Wealth Management LLC now owns 6,766 shares of the casino operator's stock worth $654,000 after purchasing an additional 112 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Wynn Resorts by 5.8% in the fourth quarter. Fifth Third Bancorp now owns 2,183 shares of the casino operator's stock worth $188,000 after buying an additional 119 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Wynn Resorts by 15.0% during the fourth quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator's stock worth $81,000 after acquiring an additional 122 shares during the last quarter. Metis Global Partners LLC grew its stake in Wynn Resorts by 5.0% during the fourth quarter. Metis Global Partners LLC now owns 3,197 shares of the casino operator's stock valued at $275,000 after acquiring an additional 152 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Wynn Resorts by 1.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,798 shares of the casino operator's stock valued at $844,000 after acquiring an additional 176 shares during the last quarter. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

WYNN has been the subject of a number of research analyst reports. Barclays raised their price objective on Wynn Resorts from $115.00 to $116.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Macquarie restated an "outperform" rating and set a $115.00 price target on shares of Wynn Resorts in a report on Friday, February 14th. Jefferies Financial Group raised Wynn Resorts from a "hold" rating to a "buy" rating and upped their price objective for the stock from $105.00 to $118.00 in a report on Tuesday, February 18th. Mizuho raised their target price on shares of Wynn Resorts from $118.00 to $132.00 and gave the company an "outperform" rating in a report on Friday, February 14th. Finally, Stifel Nicolaus upped their price target on shares of Wynn Resorts from $123.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $119.58.

Wynn Resorts Trading Down 2.0 %

Shares of Wynn Resorts stock traded down $1.71 during trading on Wednesday, hitting $85.67. 2,029,573 shares of the stock traded hands, compared to its average volume of 2,687,425. Wynn Resorts, Limited has a 52-week low of $71.63 and a 52-week high of $110.38. The stock's fifty day simple moving average is $85.43 and its 200 day simple moving average is $88.54. The firm has a market cap of $9.12 billion, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 2.35 and a beta of 1.77.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $1.15. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.78 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. As a group, equities analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders 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 dividend yield of 1.17%. The ex-dividend date was Monday, February 24th. Wynn Resorts's payout ratio is presently 23.75%.

Insider Activity

In related news, Director Philip G. Satre acquired 22,200 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost 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 position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.52% of the company's stock.

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.