Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 19.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,228 shares of the casino operator’s stock after selling 300 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Wynn Resorts were worth $207,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of WYNN. Janus Henderson Group PLC raised its position in shares of Wynn Resorts by 563.7% during the 3rd quarter. Janus Henderson Group PLC now owns 507,249 shares of the casino operator’s stock worth $75,540,000 after acquiring an additional 430,816 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of Wynn Resorts by 529.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 418,843 shares of the casino operator’s stock worth $62,374,000 after acquiring an additional 352,343 shares in the last quarter. Maverick Capital Ltd. raised its position in shares of Wynn Resorts by 36.9% during the 2nd quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator’s stock worth $169,024,000 after acquiring an additional 339,550 shares in the last quarter. FMR LLC raised its position in shares of Wynn Resorts by 294.1% during the 2nd quarter. FMR LLC now owns 409,967 shares of the casino operator’s stock worth $54,985,000 after acquiring an additional 305,945 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its position in shares of Wynn Resorts by 107.1% during the 2nd quarter. Lord Abbett & CO. LLC now owns 525,254 shares of the casino operator’s stock worth $70,447,000 after acquiring an additional 271,575 shares in the last quarter. 71.99% of the stock is currently owned by institutional investors and hedge funds.

In other Wynn Resorts news, EVP Kimmarie Sinatra sold 20,795 shares of Wynn Resorts stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $152.03, for a total value of $3,161,463.85. Following the transaction, the executive vice president now directly owns 226,992 shares in the company, valued at approximately $34,509,593.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alvin V. Shoemaker sold 15,000 shares of Wynn Resorts stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $151.74, for a total value of $2,276,100.00. Following the completion of the transaction, the director now owns 19,162 shares in the company, valued at $2,907,641.88. The disclosure for this sale can be found here. Insiders sold a total of 95,055 shares of company stock worth $14,629,975 over the last quarter. Company insiders own 13.20% of the company’s stock.

Several brokerages have recently weighed in on WYNN. Barclays raised their target price on Wynn Resorts from $148.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th. Citigroup raised their target price on Wynn Resorts to $161.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. Jefferies Group reissued a “positive” rating and set a $220.00 target price on shares of Wynn Resorts in a research report on Tuesday. Stifel Nicolaus raised their target price on Wynn Resorts from $134.00 to $153.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $157.00 target price (up previously from $150.00) on shares of Wynn Resorts in a research report on Monday, October 2nd. Ten analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $172.15.

Wynn Resorts, Limited (NASDAQ WYNN) opened at $180.29 on Friday. The company has a market capitalization of $18,530.00, a P/E ratio of 24.80 and a beta of 1.73. Wynn Resorts, Limited has a 12-month low of $92.67 and a 12-month high of $203.63. The company has a debt-to-equity ratio of 24.54, a quick ratio of 1.68 and a current ratio of 1.72.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Monday, January 22nd. The casino operator reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.07. Wynn Resorts had a return on equity of 148.17% and a net margin of 11.85%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the business posted $0.50 EPS. The company’s revenue was up 29.9% on a year-over-year basis. equities analysts expect that Wynn Resorts, Limited will post 7.73 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Thursday, February 15th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 1.11%. Wynn Resorts’s dividend payout ratio (DPR) is currently 27.51%.

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About Wynn Resorts

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.

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

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