Rockefeller Capital Management L.P. Sells 20,010 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Rockefeller Capital Management L.P. decreased its stake in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 8.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 203,942 shares of the casino operator's stock after selling 20,010 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.19% of Wynn Resorts worth $19,554,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in Wynn Resorts in the 2nd quarter worth approximately $25,000. Blue Trust Inc. boosted 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 acquiring an additional 467 shares during the period. Versant Capital Management Inc acquired a new stake in shares of Wynn Resorts in the second quarter valued at about $51,000. GAMMA Investing LLC lifted its position in shares of Wynn Resorts by 25.1% during the 2nd quarter. GAMMA Investing LLC now owns 828 shares of the casino operator's stock worth $74,000 after purchasing an additional 166 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Wynn Resorts by 17.5% during the 3rd quarter. Allworth Financial LP now owns 895 shares of the casino operator's stock valued at $86,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 68.87% of the company's stock.

Wynn Resorts Price Performance

Shares of NASDAQ:WYNN traded up $1.78 during trading on Monday, reaching $96.16. The stock had a trading volume of 2,944,531 shares, compared to its average volume of 2,219,002. The stock has a market capitalization of $10.56 billion, a PE ratio of 11.64, a P/E/G ratio of 3.46 and a beta of 1.78. 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 $94.90 and its 200 day moving average price is $87.85.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The casino operator reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts forecast that Wynn Resorts, Limited will post 4.78 EPS for the current year.

Wynn Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.04%. Wynn Resorts's payout ratio is 12.33%.

Insider Activity

In related news, Director Patricia Mulroy sold 2,650 shares of the firm's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $78.73, for a total value of $208,634.50. Following the transaction, the director now owns 5,689 shares in the company, valued at $447,894.97. This trade represents a 31.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

WYNN has been the subject of several research reports. Stifel Nicolaus reduced their price objective on Wynn Resorts from $121.00 to $103.00 and set a "buy" rating for the company in a research report on Friday, September 13th. Barclays decreased their price target on shares of Wynn Resorts from $125.00 to $119.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. 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 lifted their price objective on Wynn Resorts from $92.00 to $122.00 and gave the stock a "positive" rating in a report on Friday, October 11th. Finally, Morgan Stanley lifted their price target on shares of Wynn Resorts from $112.00 to $115.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Wynn Resorts presently has an average rating of "Moderate Buy" and a consensus price target of $115.71.

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.