Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNNFree Report) by 15.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,415 shares of the casino operator’s stock after selling 17,557 shares during the quarter. New York State Common Retirement Fund owned 0.08% of Wynn Resorts worth $8,910,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WYNN. Kistler Tiffany Companies LLC grew its holdings in Wynn Resorts by 66.7% in the second quarter. Kistler Tiffany Companies LLC now owns 375 shares of the casino operator’s stock valued at $40,000 after purchasing an additional 150 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Wynn Resorts during the 1st quarter valued at approximately $45,000. RVW Wealth LLC acquired a new stake in shares of Wynn Resorts during the third quarter worth approximately $47,000. Focused Wealth Management Inc acquired a new position in Wynn Resorts during the 2nd quarter worth $64,000. Finally, Castleview Partners LLC increased its holdings in Wynn Resorts by 1,397.7% in the first quarter. Castleview Partners LLC now owns 644 shares of the casino operator’s stock valued at $72,000 after buying an additional 601 shares during the last quarter. 61.88% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Julie Cameron-Doe sold 2,320 shares of Wynn Resorts stock in a transaction on Friday, January 12th. The stock was sold at an average price of $94.11, for a total value of $218,335.20. Following the transaction, the chief financial officer now directly owns 78,150 shares in the company, valued at approximately $7,354,696.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Julie Cameron-Doe sold 2,320 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $94.11, for a total value of $218,335.20. Following the completion of the sale, the chief financial officer now owns 78,150 shares in the company, valued at approximately $7,354,696.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Craig Scott Billings sold 11,451 shares of Wynn Resorts stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $95.26, for a total value of $1,090,822.26. Following the transaction, the chief executive officer now directly owns 264,830 shares in the company, valued at approximately $25,227,705.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,250 shares of company stock worth $4,495,661. 0.62% of the stock is owned by insiders.

Wynn Resorts Trading Up 6.3 %

Shares of NASDAQ:WYNN opened at $106.11 on Friday. The company has a 50 day moving average of $92.27 and a 200-day moving average of $93.51. The firm has a market cap of $11.99 billion, a P/E ratio of 17.74 and a beta of 1.93. Wynn Resorts, Limited has a twelve month low of $81.65 and a twelve month high of $117.86.

Wynn Resorts (NASDAQ:WYNNGet Free Report) last released its earnings results on Wednesday, February 7th. The casino operator reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.76. Wynn Resorts had a negative return on equity of 28.70% and a net margin of 11.18%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the firm posted ($1.23) earnings per share. The firm’s revenue for the quarter was up 83.1% compared to the same quarter last year. Equities research analysts forecast that Wynn Resorts, Limited will post 4.66 EPS for the current year.

Wynn Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 29th. Investors of record on Tuesday, February 20th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.94%. The ex-dividend date is Friday, February 16th. Wynn Resorts’s dividend payout ratio is presently 16.72%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WYNN. JPMorgan Chase & Co. raised their price objective on Wynn Resorts from $113.00 to $118.00 and gave the stock an “overweight” rating in a research note on Thursday. Morgan Stanley decreased their price target on shares of Wynn Resorts from $109.00 to $107.00 and set an “equal weight” rating for the company in a report on Thursday, November 16th. Susquehanna upped their target price on Wynn Resorts from $105.00 to $115.00 and gave the company a “positive” rating in a report on Thursday. Barclays raised their price target on Wynn Resorts from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Macquarie upgraded Wynn Resorts from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $115.00 to $122.00 in a research note on Wednesday, January 17th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $120.14.

Read Our Latest Stock Report on WYNN

Wynn Resorts Profile

(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.

Read More

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)

Receive News & Ratings for Wynn Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wynn Resorts and related companies with MarketBeat.com's FREE daily email newsletter.