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

Sanctuary Advisors LLC trimmed its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 46.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,886 shares of the casino operator’s stock after selling 3,353 shares during the period. Sanctuary Advisors LLC’s holdings in Wynn Resorts were worth $355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WYNN. Regal Partners Ltd lifted its position in shares of Wynn Resorts by 24.0% during the third quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator’s stock worth $86,168,000 after purchasing an additional 174,005 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Wynn Resorts by 90.6% during the third quarter. Wellington Management Group LLP now owns 115,707 shares of the casino operator’s stock worth $11,094,000 after purchasing an additional 54,995 shares in the last quarter. Crystal Rock Capital Management acquired a new position in shares of Wynn Resorts during the third quarter worth $719,000. MBB Public Markets I LLC acquired a new position in shares of Wynn Resorts during the second quarter worth $698,000. Finally, APG Asset Management N.V. lifted its position in shares of Wynn Resorts by 231.0% during the second quarter. APG Asset Management N.V. now owns 11,176 shares of the casino operator’s stock worth $933,000 after purchasing an additional 7,800 shares in the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on WYNN shares. Morgan Stanley lifted their price target on shares of Wynn Resorts from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price target on shares of Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Macquarie restated an “outperform” rating and issued a $120.00 price target on shares of Wynn Resorts in a research note on Tuesday, November 5th. Wells Fargo & Company dropped their price target on shares of Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus dropped their price target on shares of Wynn Resorts from $121.00 to $103.00 and set a “buy” rating for the company in a research note on Friday, September 13th. Four equities 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.71.

Wynn Resorts Price Performance

Shares of WYNN opened at $88.68 on Friday. Wynn Resorts, Limited has a one year low of $71.63 and a one year high of $110.38. The company has a 50-day moving average of $92.36 and a two-hundred day moving average of $87.59. The stock has a market cap of $9.74 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 3.46 and a beta of 1.78.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Monday, November 4th. The casino operator reported $0.90 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.11). The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.99 earnings per share. Analysts anticipate that Wynn Resorts, Limited will post 4.79 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Friday, November 15th. Wynn Resorts’s dividend payout ratio (DPR) is 12.33%.

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.