Tredje AP fonden Sells 7,992 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Tredje AP fonden decreased its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 50.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,993 shares of the casino operator's stock after selling 7,992 shares during the quarter. Tredje AP fonden's holdings in Wynn Resorts were worth $689,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Avantax Advisory Services Inc. increased its position in Wynn Resorts by 9.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 7,426 shares of the casino operator's stock worth $640,000 after acquiring an additional 638 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Wynn Resorts by 25.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 525,282 shares of the casino operator's stock worth $45,258,000 after purchasing an additional 107,212 shares during the period. AGF Management Ltd. acquired a new position in shares of Wynn Resorts during the fourth quarter valued at about $2,402,000. Wealthfront Advisers LLC bought a new stake in shares of Wynn Resorts in the fourth quarter valued at about $5,457,000. Finally, Marathon Trading Investment Management LLC acquired a new stake in Wynn Resorts during the fourth quarter worth about $732,000. Institutional investors and hedge funds own 88.64% of the company's stock.

Insider Transactions at Wynn Resorts

In other Wynn Resorts news, Director Philip G. Satre bought 22,200 shares of the stock in a transaction 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 acquisition, the director now owns 34,195 shares of the company's stock, valued at approximately $3,152,095.10. The trade was a 185.08 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.52% of the stock is owned by corporate insiders.

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Wynn Resorts Price Performance

Shares of WYNN stock traded down $0.38 during trading hours on Wednesday, reaching $85.05. 1,533,663 shares of the company were exchanged, compared to its average volume of 2,265,811. The company has a market cap of $9.05 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 2.35 and a beta of 1.76. The stock's fifty day moving average is $85.56 and its two-hundred day moving average is $88.86. Wynn Resorts, Limited has a fifty-two week low of $71.63 and a fifty-two week high of $110.38.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $1.15. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.78 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. On average, research 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. Stockholders of record on Monday, February 24th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Monday, February 24th. Wynn Resorts's dividend payout ratio (DPR) is presently 23.75%.

Analyst Upgrades and Downgrades

WYNN has been the subject of a number of research reports. Macquarie reiterated an "outperform" rating and issued a $115.00 price objective on shares of Wynn Resorts in a research report on Friday, February 14th. 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. Morgan Stanley reduced their price objective on shares of Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Jefferies Financial Group raised shares of Wynn Resorts from a "hold" rating to a "buy" rating and increased their price target for the stock from $105.00 to $118.00 in a research report on Tuesday, February 18th. Finally, StockNews.com downgraded Wynn Resorts from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Wynn Resorts currently has a consensus rating of "Moderate Buy" and an average target price 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.