Thrivent Financial for Lutherans Buys 3,850 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Thrivent Financial for Lutherans lifted its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 49.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,683 shares of the casino operator’s stock after acquiring an additional 3,850 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Wynn Resorts were worth $1,120,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WYNN. International Assets Investment Management LLC bought a new position in shares of Wynn Resorts in the second quarter worth approximately $25,000. Blue Trust Inc. increased its stake in Wynn Resorts by 556.0% in the 3rd quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock worth $49,000 after buying an additional 467 shares in the last quarter. Versant Capital Management Inc bought a new stake in Wynn Resorts during the second quarter valued at about $51,000. GAMMA Investing LLC lifted its position in shares of Wynn Resorts by 25.1% in the second quarter. GAMMA Investing LLC now owns 828 shares of the casino operator’s stock valued at $74,000 after acquiring an additional 166 shares in the last quarter. Finally, Allworth Financial LP grew its position in shares of Wynn Resorts by 17.5% during the third quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock worth $86,000 after purchasing an additional 133 shares in the last quarter. 68.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WYNN has been the topic of a number of research analyst reports. UBS Group raised Wynn Resorts to a “hold” rating in a report on Friday, August 23rd. Barclays lowered their target price on shares of Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Wells Fargo & Company reduced their price target on shares of Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. StockNews.com downgraded shares of Wynn Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Wynn Resorts in a report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $115.71.

Insider Buying and Selling

In other Wynn Resorts news, Director Patricia Mulroy sold 2,650 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $78.73, for a total value of $208,634.50. Following the transaction, the director now owns 5,689 shares of the company’s stock, valued at $447,894.97. This represents a 31.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Wynn Resorts Price Performance

NASDAQ:WYNN opened at $94.38 on Monday. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 3.46 and a beta of 1.80. The business has a 50 day simple moving average of $94.90 and a 200-day simple moving average of $87.91. Wynn Resorts, Limited has a 1 year low of $71.63 and a 1 year high of $110.38.

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

Wynn Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 1.06%. Wynn Resorts’s payout ratio is 12.33%.

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.