Signaturefd LLC Sells 280 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Signaturefd LLC cut its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,721 shares of the casino operator’s stock after selling 280 shares during the period. Signaturefd LLC’s holdings in Wynn Resorts were worth $148,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WYNN. New Wave Wealth Advisors LLC bought a new position in Wynn Resorts in the fourth quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in Wynn Resorts in the third quarter worth approximately $31,000. SBI Securities Co. Ltd. bought a new position in Wynn Resorts in the fourth quarter worth approximately $36,000. Spire Wealth Management raised its position in Wynn Resorts by 116.4% in the fourth quarter. Spire Wealth Management now owns 435 shares of the casino operator’s stock worth $37,000 after acquiring an additional 234 shares during the period. Finally, Venturi Wealth Management LLC raised its position in Wynn Resorts by 15.0% in the fourth quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator’s stock worth $81,000 after acquiring an additional 122 shares during the period. 88.64% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Wynn Resorts news, Director Philip G. Satre acquired 22,200 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was acquired at an average cost of $92.18 per share, with a total value of $2,046,396.00. Following the purchase, the director now directly owns 34,195 shares of the company’s stock, valued at approximately $3,152,095.10. This represents a 185.08 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Wynn Resorts Stock Performance

Shares of NASDAQ WYNN opened at $82.63 on Friday. Wynn Resorts, Limited has a 52-week low of $71.63 and a 52-week high of $110.38. The company has a market cap of $8.79 billion, a P/E ratio of 19.63, a P/E/G ratio of 2.35 and a beta of 1.76. The firm’s fifty day moving average is $85.71 and its two-hundred day moving average is $88.92.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $1.15. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.78 billion. As a group, analysts forecast that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.21%. Wynn Resorts’s payout ratio is currently 23.75%.

Analyst Ratings Changes

WYNN has been the topic of several recent analyst reports. Jefferies Financial Group upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating and raised their price objective for the company from $105.00 to $118.00 in a research report on Tuesday, February 18th. StockNews.com downgraded shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Macquarie restated an “outperform” rating and set a $115.00 price objective on shares of Wynn Resorts in a research report on Friday, February 14th. Barclays raised their price objective on shares of Wynn Resorts from $115.00 to $116.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, Morgan Stanley decreased their price objective on shares of Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Wynn Resorts presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.58.

Wynn Resorts Company 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.