Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd cut its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNNFree Report) by 66.8% in the 2nd quarter, Holdings Channel reports. The firm owned 1,522 shares of the casino operator’s stock after selling 3,059 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Wynn Resorts were worth $161,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. DnB Asset Management AS raised its position in shares of Wynn Resorts by 12.3% during the second quarter. DnB Asset Management AS now owns 14,208 shares of the casino operator’s stock worth $1,501,000 after purchasing an additional 1,551 shares during the period. Prelude Capital Management LLC increased its position in shares of Wynn Resorts by 64.0% in the first quarter. Prelude Capital Management LLC now owns 23,290 shares of the casino operator’s stock worth $2,606,000 after acquiring an additional 9,091 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Wynn Resorts by 1,597.2% in the first quarter. Macquarie Group Ltd. now owns 38,424 shares of the casino operator’s stock worth $4,300,000 after acquiring an additional 36,160 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Wynn Resorts by 18.5% in the first quarter. ProShare Advisors LLC now owns 14,949 shares of the casino operator’s stock worth $1,673,000 after acquiring an additional 2,339 shares in the last quarter. Finally, Toroso Investments LLC increased its position in shares of Wynn Resorts by 48.4% in the first quarter. Toroso Investments LLC now owns 6,830 shares of the casino operator’s stock worth $764,000 after acquiring an additional 2,227 shares in the last quarter. 61.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WYNN has been the subject of several recent analyst reports. Jefferies Financial Group cut Wynn Resorts from a “buy” rating to a “hold” rating and decreased their target price for the stock from $135.00 to $114.00 in a research report on Thursday, June 8th. Morgan Stanley increased their price target on shares of Wynn Resorts from $110.00 to $113.00 and gave the stock an “equal weight” rating in a research report on Tuesday. StockNews.com started coverage on shares of Wynn Resorts in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Stifel Nicolaus increased their price target on shares of Wynn Resorts from $137.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, Barclays upped their price target on shares of Wynn Resorts from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, July 21st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.80.

View Our Latest Report on WYNN

Wynn Resorts Trading Down 0.7 %

WYNN stock opened at $97.04 on Friday. Wynn Resorts, Limited has a 1 year low of $53.81 and a 1 year high of $117.86. The company has a fifty day simple moving average of $101.74 and a 200 day simple moving average of $105.43. The firm has a market cap of $11.06 billion, a PE ratio of -606.50 and a beta of 2.05.

Wynn Resorts (NASDAQ:WYNNGet Free Report) last issued its quarterly earnings data on Wednesday, August 9th. The casino operator reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.40. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the business posted ($0.82) earnings per share. The firm’s revenue was up 75.6% on a year-over-year basis. As a group, analysts forecast that Wynn Resorts, Limited will post 2.9 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Monday, August 21st were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 18th. This represents a $1.00 dividend on an annualized basis and a yield of 1.03%. Wynn Resorts’s payout ratio is presently -625.00%.

Insiders Place Their Bets

In other news, Director Patricia Mulroy sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $104.96, for a total value of $104,960.00. Following the sale, the director now directly owns 8,067 shares of the company’s stock, valued at $846,712.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 1,750 shares of company stock valued at $178,768 in the last quarter. Insiders own 0.62% of the company’s stock.

About Wynn Resorts

(Free Report)

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.

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Want to see what other hedge funds are holding WYNN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wynn Resorts, Limited (NASDAQ:WYNNFree Report).

Institutional Ownership by Quarter for Wynn Resorts (NASDAQ:WYNN)

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