361 Capital LLC reduced its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 52.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,913 shares of the casino operator’s stock after selling 28,247 shares during the quarter. 361 Capital LLC’s holdings in Wynn Resorts, Limited were worth $3,859,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Wynn Resorts, Limited by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 8,264,810 shares of the casino operator’s stock valued at $1,108,476,000 after buying an additional 246,476 shares in the last quarter. Maverick Capital Ltd. lifted its stake in Wynn Resorts, Limited by 36.9% in the 2nd quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator’s stock valued at $169,024,000 after buying an additional 339,550 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Wynn Resorts, Limited by 8.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 877,781 shares of the casino operator’s stock valued at $130,719,000 after buying an additional 65,335 shares in the last quarter. American Century Companies Inc. lifted its stake in Wynn Resorts, Limited by 2.1% in the 2nd quarter. American Century Companies Inc. now owns 875,121 shares of the casino operator’s stock valued at $117,371,000 after buying an additional 18,400 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Wynn Resorts, Limited by 128.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 819,007 shares of the casino operator’s stock valued at $109,845,000 after buying an additional 459,916 shares in the last quarter. 70.67% of the stock is currently owned by institutional investors and hedge funds.

In other Wynn Resorts, Limited news, President Matt Maddox sold 59,260 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $155.12, for a total value of $9,192,411.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alvin V. Shoemaker sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $151.74, for a total transaction of $2,276,100.00. Following the completion of the transaction, the director now directly owns 19,162 shares of the company’s stock, valued at approximately $2,907,641.88. The disclosure for this sale can be found here. Insiders sold a total of 159,406 shares of company stock valued at $23,864,344 in the last quarter. 13.20% of the stock is owned by insiders.

A number of research analysts recently weighed in on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $134.00 price target (up from $128.00) on shares of Wynn Resorts, Limited in a research note on Wednesday, July 26th. BidaskClub lowered shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Bank of America Corporation reaffirmed a “neutral” rating and issued a $140.00 price target (up from $135.00) on shares of Wynn Resorts, Limited in a research note on Friday, July 21st. UBS AG lowered shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, Citigroup Inc. raised their price target on shares of Wynn Resorts, Limited to $161.00 and gave the company a “buy” rating in a research note on Monday, October 16th. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $148.11.

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Wynn Resorts, Limited (NASDAQ WYNN) traded up $1.87 during trading on Thursday, reaching $153.49. 670,140 shares of the company traded hands, compared to its average volume of 2,089,937. Wynn Resorts, Limited has a 12-month low of $85.57 and a 12-month high of $156.40. The company has a debt-to-equity ratio of 24.54, a current ratio of 1.72 and a quick ratio of 1.68. The firm has a market cap of $15,787.39, a P/E ratio of 34.60 and a beta of 1.72.

Wynn Resorts, Limited (NASDAQ:WYNN) last posted its earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.24. Wynn Resorts, Limited had a net margin of 6.24% and a return on equity of 132.96%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter last year, the firm earned $0.74 EPS. The firm’s revenue for the quarter was up 45.3% on a year-over-year basis. research analysts predict that Wynn Resorts, Limited will post 5.34 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Thursday, November 16th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $2.00 annualized dividend and a yield of 1.30%. Wynn Resorts, Limited’s dividend payout ratio (DPR) is presently 55.25%.

Wynn Resorts, Limited Company Profile

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.

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

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