Wynn Resorts, Limited (NASDAQ:WYNN) is American Assets Capital Advisers LLC's 4th Largest Position

American Assets Capital Advisers LLC boosted its stake in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 221.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 213,001 shares of the casino operator's stock after purchasing an additional 146,823 shares during the period. Wynn Resorts makes up approximately 6.3% of American Assets Capital Advisers LLC's holdings, making the stock its 4th largest position. American Assets Capital Advisers LLC owned about 0.19% of Wynn Resorts worth $20,423,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Wynn Resorts by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 11,028,618 shares of the casino operator's stock valued at $1,127,456,000 after purchasing an additional 166,594 shares during the period. Renaissance Technologies LLC grew its position in Wynn Resorts by 29.1% during the second quarter. Renaissance Technologies LLC now owns 1,345,100 shares of the casino operator's stock valued at $120,386,000 after buying an additional 303,033 shares during the period. Janus Henderson Group PLC grew its position in shares of Wynn Resorts by 22.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,125,718 shares of the casino operator's stock valued at $115,082,000 after acquiring an additional 204,852 shares during the period. Bamco Inc. NY grew its position in shares of Wynn Resorts by 5.1% during the 1st quarter. Bamco Inc. NY now owns 788,335 shares of the casino operator's stock valued at $80,591,000 after acquiring an additional 38,160 shares during the period. Finally, Regal Partners Ltd grew its position in shares of Wynn Resorts by 5.6% during the 2nd quarter. Regal Partners Ltd now owns 724,700 shares of the casino operator's stock valued at $64,861,000 after acquiring an additional 38,344 shares during the period. Institutional investors own 68.87% of the company's stock.

Wynn Resorts Stock Down 1.1 %

Wynn Resorts stock traded down $0.98 during midday trading on Tuesday, reaching $85.50. 3,892,571 shares of the stock traded hands, compared to its average volume of 2,189,490. The stock's fifty day moving average is $91.15 and its 200-day moving average is $88.36. Wynn Resorts, Limited has a 12 month low of $71.63 and a 12 month high of $110.38. The stock has a market cap of $9.39 billion, a P/E ratio of 10.66, a PEG ratio of 2.41 and a beta of 1.80.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.11). Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. 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 prior year, the firm posted $0.99 EPS. The company's revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities analysts predict that Wynn Resorts, Limited will post 4.9 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, November 15th. Wynn Resorts's payout ratio is 12.33%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on WYNN shares. JPMorgan Chase & Co. boosted their price target on Wynn Resorts from $101.00 to $113.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Macquarie reiterated an "outperform" rating and set a $120.00 price objective on shares of Wynn Resorts in a research note on Tuesday, November 5th. UBS Group upgraded Wynn Resorts to a "hold" rating in a research note on Friday, August 23rd. Morgan Stanley upped their price target on shares of Wynn Resorts from $112.00 to $115.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. Finally, Susquehanna upped their price target on shares of Wynn Resorts from $92.00 to $122.00 and gave the stock a "positive" rating in a research report on Friday, October 11th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $115.71.

Insider Buying and Selling

In other Wynn Resorts news, Director Patricia Mulroy sold 2,650 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $78.73, for a total transaction of $208,634.50. Following the sale, the director now directly owns 5,689 shares in the company, valued at $447,894.97. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.52% of the stock is currently owned by company insiders.

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.