Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. cut its holdings in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 41.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,492 shares of the casino operator's stock after selling 4,653 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Wynn Resorts were worth $559,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Venturi Wealth Management LLC increased its position in Wynn Resorts by 15.0% during the 4th quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator's stock worth $81,000 after purchasing an additional 122 shares in the last quarter. D.A. Davidson & CO. bought a new stake in shares of Wynn Resorts during the fourth quarter worth $210,000. Sanctuary Advisors LLC increased its holdings in shares of Wynn Resorts by 8.1% during the fourth quarter. Sanctuary Advisors LLC now owns 4,201 shares of the casino operator's stock worth $376,000 after buying an additional 315 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of Wynn Resorts by 6.0% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 35,932 shares of the casino operator's stock valued at $3,096,000 after acquiring an additional 2,040 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its position in Wynn Resorts by 11.8% during the 4th quarter. Vontobel Holding Ltd. now owns 9,744 shares of the casino operator's stock worth $840,000 after acquiring an additional 1,026 shares during the last quarter. Institutional investors own 88.64% of the company's stock.

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Insiders Place Their Bets

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 bought at an average price of $92.18 per share, for a total transaction of $2,046,396.00. Following the acquisition, the director now directly owns 34,195 shares of the company's stock, valued at $3,152,095.10. This represents a 185.08 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.52% of the stock is currently owned by insiders.

Wynn Resorts Stock Up 1.3 %

Shares of Wynn Resorts stock traded up $1.13 during trading hours on Friday, reaching $89.32. 1,468,241 shares of the stock traded hands, compared to its average volume of 2,809,046. Wynn Resorts, Limited has a one year low of $71.63 and a one year high of $110.38. The firm has a market capitalization of $9.50 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 2.35 and a beta of 1.76. The company has a 50 day moving average price of $85.35 and a 200 day moving average price of $87.86.

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

Wynn Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be issued a $0.25 dividend. The ex-dividend date is Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.12%. Wynn Resorts's dividend payout ratio (DPR) is presently 23.75%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Barclays lifted their target price on shares of Wynn Resorts from $115.00 to $116.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. increased their target price on shares of Wynn Resorts from $101.00 to $113.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Macquarie reissued an "outperform" rating and issued a $115.00 price objective on shares of Wynn Resorts in a research note on Friday, February 14th. StockNews.com downgraded Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Wynn Resorts from $122.00 to $118.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $119.58.

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.