Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by Mariner LLC

Mariner LLC trimmed its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 4.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,529 shares of the casino operator’s stock after selling 363 shares during the period. Mariner LLC’s holdings in Wynn Resorts were worth $735,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WYNN. Brandywine Global Investment Management LLC acquired a new position in shares of Wynn Resorts in the 4th quarter worth approximately $5,216,000. Alliancebernstein L.P. boosted its holdings in Wynn Resorts by 12.4% in the fourth quarter. Alliancebernstein L.P. now owns 122,760 shares of the casino operator’s stock worth $10,577,000 after purchasing an additional 13,553 shares during the period. Raymond James Financial Inc. bought a new stake in Wynn Resorts during the fourth quarter valued at $75,872,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Wynn Resorts during the fourth quarter worth $2,270,000. Finally, Empirical Asset Management LLC bought a new position in shares of Wynn Resorts in the 4th quarter worth about $903,000. 88.64% of the stock is owned by institutional investors.

Wynn Resorts Price Performance

WYNN opened at $81.55 on Wednesday. The business has a 50 day moving average price of $81.62 and a two-hundred day moving average price of $86.69. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 2.35 and a beta of 1.53. Wynn Resorts, Limited has a 1-year low of $65.25 and a 1-year high of $107.81.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.78 billion. Equities analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were issued 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 1.23%. Wynn Resorts’s payout ratio is currently 23.75%.

Insider Activity at Wynn Resorts

In related news, Director Philip G. Satre bought 22,200 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of $92.18 per share, with a total value of $2,046,396.00. Following the completion of the transaction, the director now directly owns 34,195 shares of the company’s stock, valued at approximately $3,152,095.10. This trade represents a 185.08 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Tilman J. Fertitta purchased 100,000 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The stock was bought at an average price of $67.62 per share, with a total value of $6,762,000.00. Following the transaction, the insider now directly owns 13,000,000 shares in the company, valued at $879,060,000. This trade represents a 0.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 438,700 shares of company stock valued at $31,300,943 over the last ninety days. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WYNN. Argus downgraded shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, April 23rd. Mizuho increased their price target on Wynn Resorts from $118.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Jefferies Financial Group upgraded Wynn Resorts from a “hold” rating to a “buy” rating and boosted their price objective for the company from $105.00 to $118.00 in a research report on Tuesday, February 18th. Morgan Stanley dropped their target price on Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Finally, Macquarie reissued an “outperform” rating and set a $115.00 price target on shares of Wynn Resorts in a report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Wynn Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $118.17.

About Wynn Resorts

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.