Sei Investments Co. Has $7.74 Million Stock Position in Wynn Resorts, Limited (NASDAQ:WYNN)

Sei Investments Co. trimmed its stake in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 45.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,830 shares of the casino operator's stock after selling 75,912 shares during the period. Sei Investments Co. owned about 0.08% of Wynn Resorts worth $7,739,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in WYNN. IHT Wealth Management LLC increased its stake in Wynn Resorts by 1.7% during the third quarter. IHT Wealth Management LLC now owns 6,766 shares of the casino operator's stock valued at $654,000 after acquiring an additional 112 shares during the period. Fifth Third Bancorp increased its position in shares of Wynn Resorts by 5.8% during the fourth quarter. Fifth Third Bancorp now owns 2,183 shares of the casino operator's stock valued at $188,000 after purchasing an additional 119 shares during the period. Venturi Wealth Management LLC increased 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 valued at $81,000 after purchasing an additional 122 shares during the period. Metis Global Partners LLC raised its stake in shares of Wynn Resorts by 5.0% in the fourth quarter. Metis Global Partners LLC now owns 3,197 shares of the casino operator's stock valued at $275,000 after purchasing an additional 152 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Wynn Resorts by 1.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,798 shares of the casino operator's stock worth $844,000 after purchasing an additional 176 shares during the period. Institutional investors own 88.64% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

Several brokerages have issued reports on WYNN. Barclays boosted their price target on shares of Wynn Resorts from $115.00 to $116.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Stifel Nicolaus raised their price target on shares of Wynn Resorts from $123.00 to $128.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Morgan Stanley lowered their price objective on Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. StockNews.com downgraded Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Finally, Macquarie reiterated an "outperform" rating and issued a $115.00 price target on shares of Wynn Resorts in a research report on Friday, February 14th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued 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 an average target price of $119.58.

Insider Buying and Selling at Wynn Resorts

In other Wynn Resorts news, Director Philip G. Satre acquired 22,200 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were acquired 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 approximately $3,152,095.10. This trade represents a 185.08 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Tilman J. Fertitta bought 11,475 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were acquired at an average cost of $84.93 per share, with a total value of $974,571.75. Following the completion of the purchase, the insider now owns 12,600,000 shares in the company, valued at $1,070,118,000. This represents a 0.09 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 38,700 shares of company stock valued at $3,427,943. 0.52% of the stock is currently owned by company insiders.

Wynn Resorts Stock Performance

Shares of NASDAQ WYNN traded down $0.77 during trading on Tuesday, reaching $82.73. The company had a trading volume of 1,499,736 shares, compared to its average volume of 2,352,750. Wynn Resorts, Limited has a 52 week low of $71.63 and a 52 week high of $110.38. The business's 50 day moving average price is $85.93 and its 200-day moving average price is $89.36. The stock has a market cap of $8.78 billion, a PE ratio of 19.65, a PEG ratio of 2.35 and a beta of 1.77.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $1.15. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.78 billion. Equities 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 was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Monday, February 24th. Wynn Resorts's dividend payout ratio is presently 23.75%.

About Wynn Resorts

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.