Mutual of America Capital Management LLC Sells 705 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Mutual of America Capital Management LLC reduced its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 5.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,697 shares of the casino operator’s stock after selling 705 shares during the period. Mutual of America Capital Management LLC’s holdings in Wynn Resorts were worth $1,157,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB grew its holdings in Wynn Resorts by 130.9% in the fourth quarter. Nordea Investment Management AB now owns 143,480 shares of the casino operator’s stock worth $13,101,000 after purchasing an additional 81,338 shares during the last quarter. Synergy Asset Management LLC purchased a new position in Wynn Resorts during the 4th quarter worth $1,150,000. Keybank National Association OH increased its position in Wynn Resorts by 8.1% during the 3rd quarter. Keybank National Association OH now owns 249,716 shares of the casino operator’s stock valued at $23,076,000 after buying an additional 18,802 shares in the last quarter. Kestra Advisory Services LLC raised its stake in Wynn Resorts by 11.4% in the third quarter. Kestra Advisory Services LLC now owns 6,202 shares of the casino operator’s stock valued at $573,000 after buying an additional 633 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Wynn Resorts in the fourth quarter worth about $10,228,000. Hedge funds and other institutional investors own 68.87% of the company’s stock.

Insider Activity

In other Wynn Resorts news, Director Patricia Mulroy sold 960 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $105.17, for a total transaction of $100,963.20. Following the completion of the transaction, the director now directly owns 522 shares in the company, valued at $54,898.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Patricia Mulroy sold 960 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $105.17, for a total transaction of $100,963.20. Following the completion of the sale, the director now owns 522 shares of the company’s stock, valued at $54,898.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Julie Cameron-Doe sold 6,383 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $105.27, for a total transaction of $671,938.41. Following the completion of the transaction, the chief financial officer now directly owns 78,150 shares in the company, valued at $8,226,850.50. The disclosure for this sale can be found here. Insiders have sold 26,578 shares of company stock worth $2,850,282 in the last quarter. Corporate insiders own 0.52% of the company’s stock.

Wynn Resorts Trading Up 2.6 %

Shares of NASDAQ:WYNN opened at $97.48 on Tuesday. The company has a market capitalization of $10.93 billion, a PE ratio of 16.30 and a beta of 1.93. Wynn Resorts, Limited has a 12-month low of $81.65 and a 12-month high of $117.86. The business has a 50 day moving average of $102.12 and a two-hundred day moving average of $94.99.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly 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. Wynn Resorts had a net margin of 11.18% and a negative return on equity of 31.17%. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the business earned ($1.23) earnings per share. The firm’s revenue was up 83.1% on a year-over-year basis. Equities research analysts predict that Wynn Resorts, Limited will post 5.37 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Friday, February 16th. Wynn Resorts’s payout ratio is 16.72%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on WYNN shares. Mizuho assumed coverage on shares of Wynn Resorts in a report on Thursday, April 4th. They set a “buy” rating and a $131.00 price objective on the stock. StockNews.com raised shares of Wynn Resorts from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. Wells Fargo & Company lifted their price objective on shares of Wynn Resorts from $122.00 to $124.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Barclays upped their target price on Wynn Resorts from $123.00 to $124.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Bank Of America (Bofa) lifted their price target on Wynn Resorts from $95.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. Four 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $121.43.

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.