Wynn Resorts, Limited (NASDAQ:WYNN) Stock Holdings Lowered by Cwm LLC

Cwm LLC cut its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 43.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,493 shares of the casino operator’s stock after selling 1,902 shares during the quarter. Cwm LLC’s holdings in Wynn Resorts were worth $239,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. boosted its position in shares of Wynn Resorts by 5.6% during the first quarter. Sei Investments Co. now owns 139,038 shares of the casino operator’s stock worth $14,214,000 after buying an additional 7,380 shares during the period. Concord Investment Counsel Inc. bought a new stake in Wynn Resorts during the 1st quarter valued at $2,461,000. UniSuper Management Pty Ltd boosted its position in Wynn Resorts by 540.6% during the 1st quarter. UniSuper Management Pty Ltd now owns 10,179 shares of the casino operator’s stock worth $1,041,000 after acquiring an additional 8,590 shares during the period. Vanguard Group Inc. grew its stake in shares of Wynn Resorts by 1.5% in the first quarter. Vanguard Group Inc. now owns 11,028,618 shares of the casino operator’s stock worth $1,127,456,000 after purchasing an additional 166,594 shares in the last quarter. Finally, OPTIMAS CAPITAL Ltd acquired a new position in shares of Wynn Resorts during the first quarter valued at $3,394,000. 68.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on WYNN shares. Morgan Stanley upped their price objective on shares of Wynn Resorts from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday. UBS Group upgraded shares of Wynn Resorts to a “hold” rating in a report on Friday, August 23rd. Susquehanna raised their price objective on shares of Wynn Resorts from $92.00 to $122.00 and gave the company a “positive” rating in a research note on Friday, October 11th. Jefferies Financial Group cut their target price on Wynn Resorts from $111.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Wynn Resorts from $131.00 to $122.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Four research 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $115.87.

Insider Buying and Selling

In other Wynn Resorts news, Director Patricia Mulroy sold 2,650 shares of Wynn Resorts stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $78.73, for a total value of $208,634.50. Following the completion of the sale, the director now directly owns 5,689 shares in the company, valued at $447,894.97. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

Wynn Resorts Price Performance

NASDAQ:WYNN opened at $99.40 on Wednesday. The stock has a market cap of $11.14 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 2.57 and a beta of 1.81. Wynn Resorts, Limited has a fifty-two week low of $71.63 and a fifty-two week high of $110.38. The stock’s 50-day moving average is $85.90 and its two-hundred day moving average is $89.07.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Tuesday, August 6th. The casino operator reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Wynn Resorts had a net margin of 12.22% and a negative return on equity of 53.84%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 earnings per share. On average, equities research analysts anticipate that Wynn Resorts, Limited will post 5.42 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. Wynn Resorts’s payout ratio is 13.70%.

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.