Atom Investors LP Sells 562 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Atom Investors LP reduced its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 4.5% in the 3rd quarter, Holdings Channel reports. The firm owned 12,000 shares of the casino operator’s stock after selling 562 shares during the period. Atom Investors LP’s holdings in Wynn Resorts were worth $1,151,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in Wynn Resorts during the 2nd quarter worth $25,000. Blue Trust Inc. grew its stake in shares of Wynn Resorts by 556.0% during the 3rd quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock valued at $49,000 after buying an additional 467 shares during the period. GAMMA Investing LLC raised its holdings in shares of Wynn Resorts by 25.1% during the second quarter. GAMMA Investing LLC now owns 828 shares of the casino operator’s stock worth $74,000 after purchasing an additional 166 shares during the period. Allworth Financial LP grew its holdings in shares of Wynn Resorts by 17.5% in the 3rd quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock worth $86,000 after acquiring an additional 133 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Wynn Resorts by 703.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,028 shares of the casino operator’s stock valued at $99,000 after acquiring an additional 900 shares during the last quarter. Institutional investors own 68.87% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on WYNN. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. UBS Group upgraded shares of Wynn Resorts to a “hold” rating in a research report on Friday, August 23rd. Wells Fargo & Company dropped their price target on shares of Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Stifel Nicolaus cut their price target on shares of Wynn Resorts from $121.00 to $103.00 and set a “buy” rating on the stock in a report on Friday, September 13th. Finally, JPMorgan Chase & Co. boosted their price objective on Wynn Resorts from $101.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.71.

Wynn Resorts Stock Down 2.5 %

WYNN stock opened at $93.76 on Wednesday. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The firm has a market capitalization of $10.30 billion, a PE ratio of 11.56, a P/E/G ratio of 3.53 and a beta of 1.78. The stock’s 50 day moving average is $95.22 and its 200-day moving average is $87.84.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the company earned $0.99 EPS. Wynn Resorts’s quarterly revenue was up 1.3% on a year-over-year basis. On average, equities research analysts anticipate that Wynn Resorts, Limited will post 4.78 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. Wynn Resorts’s dividend payout ratio (DPR) is presently 12.33%.

Insider Transactions at Wynn Resorts

In other news, Director Patricia Mulroy sold 2,650 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $78.73, for a total transaction of $208,634.50. Following the completion of the sale, the director now directly owns 5,689 shares of the company’s stock, valued at approximately $447,894.97. The trade was a 31.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.52% of the company’s stock.

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.