Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lowered its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 18.5% in the fourth quarter, Holdings Channel reports. The firm owned 11,929 shares of the casino operator’s stock after selling 2,701 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Wynn Resorts were worth $1,087,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC grew its stake in Wynn Resorts by 4,067.4% during the fourth quarter. International Assets Investment Management LLC now owns 7,668 shares of the casino operator’s stock worth $699,000 after buying an additional 7,484 shares during the period. Arizona State Retirement System raised its position in Wynn Resorts by 0.9% in the fourth quarter. Arizona State Retirement System now owns 28,182 shares of the casino operator’s stock valued at $2,568,000 after purchasing an additional 241 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Wynn Resorts by 1,083.8% during the fourth quarter. Venturi Wealth Management LLC now owns 438 shares of the casino operator’s stock worth $40,000 after purchasing an additional 401 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of Wynn Resorts in the fourth quarter worth about $660,000. Finally, Mirador Capital Partners LP boosted its position in shares of Wynn Resorts by 10.5% in the fourth quarter. Mirador Capital Partners LP now owns 44,881 shares of the casino operator’s stock worth $4,089,000 after buying an additional 4,283 shares during the period. Hedge funds and other institutional investors own 68.87% of the company’s stock.

Wynn Resorts Stock Down 3.5 %

Shares of NASDAQ:WYNN opened at $101.18 on Monday. The company has a market cap of $11.34 billion, a PE ratio of 16.92 and a beta of 1.93. Wynn Resorts, Limited has a fifty-two week low of $81.65 and a fifty-two week high of $117.86. The firm has a 50-day simple moving average of $102.72 and a 200 day simple moving average of $94.71.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Wednesday, February 7th. The casino operator reported $1.91 EPS for the quarter, beating the consensus estimate of $1.15 by $0.76. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.74 billion. Wynn Resorts had a negative return on equity of 31.17% and a net margin of 11.18%. The business’s revenue was up 83.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.23) earnings per share. As a group, research analysts forecast that Wynn Resorts, Limited will post 5.36 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.99%. The ex-dividend date was Friday, February 16th. Wynn Resorts’s dividend payout ratio is presently 16.72%.

Insider Buying and Selling at Wynn Resorts

In related news, CEO Craig Scott Billings sold 19,235 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $108.00, for a total value of $2,077,380.00. Following the sale, the chief executive officer now owns 307,904 shares of the company’s stock, valued at approximately $33,253,632. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Julie Cameron-Doe sold 6,383 shares of Wynn Resorts stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $105.27, for a total transaction of $671,938.41. Following the sale, the chief financial officer now owns 78,150 shares of the company’s stock, valued at $8,226,850.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Craig Scott Billings sold 19,235 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $108.00, for a total value of $2,077,380.00. Following the completion of the transaction, the chief executive officer now directly owns 307,904 shares of the company’s stock, valued at $33,253,632. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,578 shares of company stock worth $2,850,282. 0.52% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

WYNN has been the topic of several recent research reports. Wells Fargo & Company boosted their price target on Wynn Resorts from $122.00 to $124.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Macquarie boosted their target price on shares of Wynn Resorts from $122.00 to $128.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Barclays lifted their price target on shares of Wynn Resorts from $117.00 to $123.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. StockNews.com upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Finally, Bank Of America (Bofa) increased their price objective on shares of Wynn Resorts from $95.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $121.36.

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.