Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lessened its position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 41.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,331,402 shares of the casino operator's stock after selling 1,640,444 shares during the quarter. Fisher Asset Management LLC owned 2.12% of Wynn Resorts worth $200,874,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake 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 worth $229,945,000 after buying an additional 34,907 shares during the period. Regal Partners Ltd increased its stake in Wynn Resorts by 24.0% in the 3rd quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator's stock worth $86,168,000 after buying an additional 174,005 shares during the period. Holocene Advisors LP increased its stake in Wynn Resorts by 27,868.5% in the 3rd quarter. Holocene Advisors LP now owns 757,946 shares of the casino operator's stock worth $72,672,000 after buying an additional 755,236 shares during the period. Bank of New York Mellon Corp increased its stake in Wynn Resorts by 23.5% in the 4th quarter. Bank of New York Mellon Corp now owns 685,512 shares of the casino operator's stock worth $59,064,000 after buying an additional 130,349 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Wynn Resorts by 1.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 624,469 shares of the casino operator's stock worth $59,874,000 after buying an additional 10,465 shares during the period. Institutional investors own 88.64% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wells Fargo & Company cut their target price on shares of Wynn Resorts from $125.00 to $122.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Stifel Nicolaus lifted their price objective on shares of Wynn Resorts from $123.00 to $128.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Morgan Stanley cut their price objective on shares of Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. StockNews.com downgraded shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Macquarie reaffirmed an "outperform" rating and issued a $115.00 price objective on shares of Wynn Resorts in a research report on Friday, February 14th. Two 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 company. Based on data from MarketBeat.com, Wynn Resorts has an average rating of "Moderate Buy" and a consensus target price of $119.58.

Insider Activity

In other Wynn Resorts news, Director Philip G. Satre purchased 22,200 shares of Wynn Resorts stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of $92.18 per share, with a total value of $2,046,396.00. Following the completion of the acquisition, the director now owns 34,195 shares of the company's stock, valued at approximately $3,152,095.10. This trade represents a 185.08 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.52% of the company's stock.

Wynn Resorts Stock Performance

Wynn Resorts stock traded up $3.57 during midday trading on Wednesday, reaching $90.67. The company's stock had a trading volume of 2,448,306 shares, compared to its average volume of 2,771,356. Wynn Resorts, Limited has a fifty-two week low of $71.63 and a fifty-two week high of $110.38. The firm has a market capitalization of $9.65 billion, a PE ratio of 21.54, a P/E/G ratio of 2.35 and a beta of 1.76. The stock's 50 day simple moving average is $85.34 and its 200 day simple moving average is $88.13.

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

Wynn Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.10%. Wynn Resorts's dividend payout ratio (DPR) is currently 23.75%.

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.