Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lowered its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,203 shares of the casino operator’s stock after selling 256 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Wynn Resorts were worth $1,655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of WYNN. Thrivent Financial for Lutherans raised its stake in Wynn Resorts by 49.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 11,683 shares of the casino operator’s stock worth $1,120,000 after acquiring an additional 3,850 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Wynn Resorts by 5.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,724 shares of the casino operator’s stock worth $5,918,000 after purchasing an additional 3,237 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Wynn Resorts by 1.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 624,469 shares of the casino operator’s stock worth $59,874,000 after purchasing an additional 10,465 shares in the last quarter. Public Sector Pension Investment Board boosted its position in shares of Wynn Resorts by 6.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,078 shares of the casino operator’s stock valued at $295,000 after purchasing an additional 200 shares during the period. Finally, Northwest & Ethical Investments L.P. purchased a new position in Wynn Resorts during the 3rd quarter worth approximately $144,000. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Wynn Resorts Price Performance

WYNN opened at $82.33 on Monday. Wynn Resorts, Limited has a 12 month low of $71.63 and a 12 month high of $110.38. The stock has a market capitalization of $8.74 billion, a P/E ratio of 19.56, a P/E/G ratio of 2.35 and a beta of 1.77. The business has a 50 day simple moving average of $85.96 and a 200-day simple moving average of $89.31.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $1.15. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.78 billion. Research analysts anticipate that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WYNN. StockNews.com cut Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Morgan Stanley reduced their price target on shares of Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Stifel Nicolaus raised their price objective on shares of Wynn Resorts from $123.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Macquarie reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Wynn Resorts in a report on Friday, February 14th. Finally, Jefferies Financial Group raised Wynn Resorts from a “hold” rating to a “buy” rating and raised their price target for the stock from $105.00 to $118.00 in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $119.58.

Insider Activity

In other news, major shareholder Tilman J. Fertitta acquired 5,025 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was purchased at an average cost of $80.99 per share, with a total value of $406,974.75. Following the purchase, the insider now directly owns 10,905,025 shares of the company’s stock, valued at approximately $883,197,974.75. This trade represents a 0.05 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Philip G. Satre bought 22,200 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $92.18 per share, for a total transaction of $2,046,396.00. Following the completion of the transaction, the director now owns 34,195 shares of the company’s stock, valued at $3,152,095.10. This represents a 185.08 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders purchased 38,700 shares of company stock worth $3,427,943. Company insiders own 0.52% of the company’s stock.

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.