Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. trimmed its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 7.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,989 shares of the casino operator’s stock after selling 258 shares during the period. Koshinski Asset Management Inc.’s holdings in Wynn Resorts were worth $272,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WYNN. Nordea Investment Management AB increased its holdings in Wynn Resorts by 130.9% in the 4th quarter. Nordea Investment Management AB now owns 143,480 shares of the casino operator’s stock valued at $13,101,000 after purchasing an additional 81,338 shares in the last quarter. Synergy Asset Management LLC acquired a new stake in Wynn Resorts in the 4th quarter valued at $1,150,000. Keybank National Association OH increased its holdings in Wynn Resorts by 8.1% in the 3rd quarter. Keybank National Association OH now owns 249,716 shares of the casino operator’s stock valued at $23,076,000 after purchasing an additional 18,802 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in Wynn Resorts by 11.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 6,202 shares of the casino operator’s stock valued at $573,000 after purchasing an additional 633 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Wynn Resorts in the 4th quarter valued at $10,228,000. 68.87% of the stock is currently owned by institutional investors and hedge funds.

Wynn Resorts Stock Down 1.7 %

Shares of NASDAQ WYNN opened at $99.44 on Tuesday. The firm’s 50-day moving average price is $102.76 and its two-hundred day moving average price is $94.76. Wynn Resorts, Limited has a 52-week low of $81.65 and a 52-week high of $117.86. The stock has a market capitalization of $11.15 billion, a P/E ratio of 16.63 and a beta of 1.93.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Wednesday, February 7th. The casino operator reported $1.91 EPS for the quarter, beating the consensus estimate of $1.15 by $0.76. Wynn Resorts had a net margin of 11.18% and a negative return on equity of 31.17%. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the business earned ($1.23) earnings per share. Wynn Resorts’s revenue was up 83.1% compared to the same quarter last year. As a group, equities research analysts expect that Wynn Resorts, Limited will post 5.36 earnings per share for the current year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Friday, February 16th. Wynn Resorts’s dividend payout ratio is 16.72%.

Insider Buying and Selling at Wynn Resorts

In other Wynn Resorts news, Director Patricia Mulroy sold 960 shares of Wynn Resorts stock in a transaction on Friday, February 9th. The shares were sold at an average price of $105.17, for a total transaction of $100,963.20. Following the completion of the sale, the director now owns 522 shares of the company’s stock, valued at approximately $54,898.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Wynn Resorts news, Director Patricia Mulroy sold 960 shares of Wynn Resorts stock in a transaction on Friday, February 9th. The shares were sold at an average price of $105.17, for a total transaction of $100,963.20. Following the completion of the sale, the director now owns 522 shares of the company’s stock, valued at approximately $54,898.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Julie Cameron-Doe sold 6,383 shares of Wynn Resorts stock in a transaction on Friday, February 9th. The shares were sold at an average price of $105.27, for a total transaction of $671,938.41. Following the sale, the chief financial officer now directly owns 78,150 shares of the company’s stock, valued at approximately $8,226,850.50. The disclosure for this sale can be found here. Insiders sold 26,578 shares of company stock valued at $2,850,282 in the last quarter. Company insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

WYNN has been the subject of several recent analyst reports. Morgan Stanley raised their target price on Wynn Resorts from $107.00 to $114.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Wells Fargo & Company raised their target price on Wynn Resorts from $122.00 to $124.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. StockNews.com upgraded Wynn Resorts from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Susquehanna raised their target price on Wynn Resorts from $105.00 to $115.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Finally, Bank Of America (Bofa) increased their price target on shares of Wynn Resorts from $95.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $121.36.

Wynn Resorts 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.