Yousif Capital Management LLC Sells 3,669 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Yousif Capital Management LLC cut its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 33.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,292 shares of the casino operator's stock after selling 3,669 shares during the period. Yousif Capital Management LLC's holdings in Wynn Resorts were worth $628,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Tempus Wealth Planning LLC increased its stake in shares of Wynn Resorts by 17.6% during the 4th quarter. Tempus Wealth Planning LLC now owns 10,718 shares of the casino operator's stock worth $923,000 after purchasing an additional 1,607 shares during the last quarter. First Dallas Securities Inc. increased its stake in shares of Wynn Resorts by 1.4% during the 4th quarter. First Dallas Securities Inc. now owns 53,165 shares of the casino operator's stock worth $4,581,000 after purchasing an additional 759 shares during the last quarter. Hodges Capital Management Inc. increased its stake in shares of Wynn Resorts by 1.1% during the 4th quarter. Hodges Capital Management Inc. now owns 338,134 shares of the casino operator's stock worth $29,134,000 after purchasing an additional 3,839 shares during the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in Wynn Resorts in the 4th quarter valued at about $1,287,000. Finally, Spire Wealth Management grew its stake in Wynn Resorts by 116.4% in the 4th quarter. Spire Wealth Management now owns 435 shares of the casino operator's stock valued at $37,000 after buying an additional 234 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Wynn Resorts Stock Performance

Shares of Wynn Resorts stock traded up $1.21 on Thursday, reaching $93.47. 3,407,006 shares of the stock were exchanged, compared to its average volume of 2,921,008. The firm's 50 day moving average is $85.39 and its 200-day moving average is $87.10. Wynn Resorts, Limited has a one year low of $71.63 and a one year high of $110.38. The firm has a market cap of $9.95 billion, a PE ratio of 22.20, a P/E/G ratio of 2.64 and a beta of 1.76.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, beating the consensus estimate of $1.27 by $1.15. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.78 billion. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. On average, equities research analysts expect that Wynn Resorts, Limited will post 4.87 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Monday, February 24th. Wynn Resorts's payout ratio is 23.75%.

Insider Activity at Wynn Resorts

In related news, Director Philip G. Satre acquired 22,200 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average price of $92.18 per share, with a total value of $2,046,396.00. Following the purchase, the director now directly owns 34,195 shares in the company, valued at approximately $3,152,095.10. This trade represents a 185.08 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.52% of the stock is owned by insiders.

Analyst Ratings Changes

WYNN has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on shares of Wynn Resorts from $101.00 to $113.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Wynn Resorts from $122.00 to $118.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Macquarie reiterated an "outperform" rating and issued a $115.00 price target on shares of Wynn Resorts in a research note on Friday, February 14th. Mizuho upped their price target on shares of Wynn Resorts from $118.00 to $132.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. Finally, Jefferies Financial Group upgraded shares of Wynn Resorts from a "hold" rating to a "buy" rating and upped their price target for the company from $105.00 to $118.00 in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Wynn Resorts presently has a consensus rating of "Buy" and a consensus price target of $120.58.

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.