Wynn Resorts, Limited (WYNN) Position Decreased by Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp decreased its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 80.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,300 shares of the casino operator’s stock after selling 45,900 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Wynn Resorts were worth $1,118,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Pictet & Cie Europe SA boosted its position in Wynn Resorts by 2.6% during the 4th quarter. Pictet & Cie Europe SA now owns 3,830 shares of the casino operator’s stock worth $379,000 after acquiring an additional 98 shares during the period. Parallel Advisors LLC boosted its position in Wynn Resorts by 84.2% during the 4th quarter. Parallel Advisors LLC now owns 256 shares of the casino operator’s stock worth $25,000 after acquiring an additional 117 shares during the period. Oppenheimer & Co. Inc. boosted its position in Wynn Resorts by 2.5% during the 4th quarter. Oppenheimer & Co. Inc. now owns 6,065 shares of the casino operator’s stock worth $600,000 after acquiring an additional 146 shares during the period. AdvisorNet Financial Inc boosted its position in Wynn Resorts by 47.1% during the 4th quarter. AdvisorNet Financial Inc now owns 456 shares of the casino operator’s stock worth $45,000 after acquiring an additional 146 shares during the period. Finally, Edmond DE Rothschild Holding S.A. boosted its position in Wynn Resorts by 42.9% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 500 shares of the casino operator’s stock worth $49,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 75.09% of the company’s stock.

Shares of WYNN stock opened at $116.91 on Monday. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 5.19. Wynn Resorts, Limited has a twelve month low of $90.06 and a twelve month high of $202.48. The company has a market capitalization of $12.58 billion, a P/E ratio of 17.88, a P/E/G ratio of 1.90 and a beta of 1.70.



Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Wednesday, January 30th. The casino operator reported $1.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.36 by ($0.30). Wynn Resorts had a net margin of 8.70% and a return on equity of 47.05%. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the business posted $1.40 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. On average, research analysts forecast that Wynn Resorts, Limited will post 6.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 26th. Investors of record on Friday, February 15th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date was Thursday, February 14th. Wynn Resorts’s payout ratio is 45.87%.

A number of equities research analysts have recently weighed in on the company. Deutsche Bank raised their price target on Wynn Resorts from $123.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, January 7th. Stifel Nicolaus raised their price target on Wynn Resorts from $138.00 to $141.00 and gave the stock a “buy” rating in a research note on Wednesday, January 16th. Nomura reaffirmed a “buy” rating and set a $145.00 price target (up from $132.00) on shares of Wynn Resorts in a research note on Thursday, January 31st. Morgan Stanley reaffirmed a “hold” rating on shares of Wynn Resorts in a research note on Monday, December 3rd. Finally, BidaskClub raised Wynn Resorts from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $145.88.

In other Wynn Resorts news, CEO Matt Maddox sold 18,900 shares of Wynn Resorts stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $124.15, for a total value of $2,346,435.00. Following the transaction, the chief executive officer now directly owns 487,399 shares of the company’s stock, valued at approximately $60,510,585.85. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Patricia Mulroy sold 425 shares of Wynn Resorts stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $118.02, for a total value of $50,158.50. The disclosure for this sale can be found here. 0.95% of the stock is currently owned by company insiders.

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Wynn Resorts Profile

Wynn Resorts, Limited owns and operates destination casino resorts. As of February 20, 2019, the company's Wynn Palace segment had approximately 424,000 square feet of casino space, which offered 320 table games and 1,041 slot machines, private gaming salons, and sky casinos; a luxury hotel towers with 1,706 guest rooms, suites, and villas; 13 food and beverage outlets; 106,000 square feet of retail space; 37,000 square feet of meeting and convention space; recreation and leisure facilities comprising a gondola ride, health club, spa, salon, and pool; and public attractions, such as performance lake and floral art displays.

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Institutional Ownership by Quarter for Wynn Resorts (NASDAQ:WYNN)

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