Tredje AP fonden Has $1.43 Million Stake in Wynn Resorts, Limited (NASDAQ:WYNN)

Tredje AP fonden reduced its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,985 shares of the casino operator’s stock after selling 250 shares during the period. Tredje AP fonden’s holdings in Wynn Resorts were worth $1,431,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new stake in Wynn Resorts during the fourth quarter valued at $157,305,000. Interval Partners LP grew its stake in Wynn Resorts by 999.0% during the first quarter. Interval Partners LP now owns 400,911 shares of the casino operator’s stock worth $40,985,000 after purchasing an additional 364,432 shares during the period. Renaissance Technologies LLC increased its holdings in Wynn Resorts by 29.1% in the second quarter. Renaissance Technologies LLC now owns 1,345,100 shares of the casino operator’s stock worth $120,386,000 after purchasing an additional 303,033 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Wynn Resorts by 6,720.4% in the second quarter. Sequoia Financial Advisors LLC now owns 257,537 shares of the casino operator’s stock valued at $23,050,000 after buying an additional 253,761 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of Wynn Resorts by 22.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,125,718 shares of the casino operator’s stock worth $115,082,000 after buying an additional 204,852 shares in the last quarter. Institutional investors own 68.87% of the company’s stock.

Insider Activity

In related news, Director Patricia Mulroy sold 2,650 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $78.73, for a total value of $208,634.50. Following the transaction, the director now directly owns 5,689 shares of the company’s stock, valued at approximately $447,894.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

WYNN has been the subject of several research analyst reports. Jefferies Financial Group lowered their price objective on shares of Wynn Resorts from $111.00 to $96.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Deutsche Bank Aktiengesellschaft reduced their target price on Wynn Resorts from $131.00 to $122.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Stifel Nicolaus dropped their price target on Wynn Resorts from $121.00 to $103.00 and set a “buy” rating on the stock in a research note on Friday, September 13th. Macquarie reissued an “outperform” rating and issued a $126.00 price objective on shares of Wynn Resorts in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company lowered their target price on Wynn Resorts from $126.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Five 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.73.

Wynn Resorts Price Performance

WYNN opened at $79.71 on Friday. Wynn Resorts, Limited has a fifty-two week low of $71.63 and a fifty-two week high of $110.38. The company’s 50-day moving average is $78.45 and its 200 day moving average is $89.88. The firm has a market capitalization of $8.85 billion, a P/E ratio of 10.92, a PEG ratio of 2.04 and a beta of 1.80.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Tuesday, August 6th. The casino operator reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Wynn Resorts had a negative return on equity of 53.84% and a net margin of 12.22%. Wynn Resorts’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 EPS. On average, equities research analysts expect that Wynn Resorts, Limited will post 5.44 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a $0.25 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. Wynn Resorts’s dividend payout ratio (DPR) is presently 13.70%.

Wynn Resorts Company 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.