Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 22.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,033 shares of the casino operator’s stock after selling 12,758 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Wynn Resorts were worth $3,880,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. IHT Wealth Management LLC grew its position in shares of Wynn Resorts by 1.7% in the third quarter. IHT Wealth Management LLC now owns 6,766 shares of the casino operator’s stock valued at $654,000 after purchasing an additional 112 shares during the period. Allworth Financial LP lifted its stake in shares of Wynn Resorts by 17.5% in the third quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock worth $86,000 after buying an additional 133 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Wynn Resorts by 2.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,540 shares of the casino operator’s stock worth $496,000 after buying an additional 149 shares in the last quarter. Prospera Financial Services Inc lifted its stake in shares of Wynn Resorts by 4.1% in the third quarter. Prospera Financial Services Inc now owns 4,616 shares of the casino operator’s stock worth $443,000 after buying an additional 181 shares in the last quarter. Finally, Wedmont Private Capital lifted its stake in shares of Wynn Resorts by 7.5% in the fourth quarter. Wedmont Private Capital now owns 2,638 shares of the casino operator’s stock worth $214,000 after buying an additional 183 shares in the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wynn Resorts Stock Performance

Wynn Resorts stock opened at $84.67 on Tuesday. The company’s 50 day simple moving average is $88.93 and its 200-day simple moving average is $86.93. The company has a market capitalization of $9.30 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 2.40 and a beta of 1.77. Wynn Resorts, Limited has a 1 year low of $71.63 and a 1 year high of $110.38.

Wynn Resorts (NASDAQ:WYNN) last released 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 analysts’ expectations of $1.73 billion. Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. Wynn Resorts’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the firm posted $0.99 earnings per share. Equities analysts expect that Wynn Resorts, Limited will post 4.73 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Friday, November 15th. Wynn Resorts’s dividend payout ratio (DPR) is currently 12.33%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WYNN. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Wells Fargo & Company decreased 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. Jefferies Financial Group decreased their price target on shares of Wynn Resorts from $109.00 to $105.00 and set a “hold” rating on the stock in a research note on Friday, January 3rd. Susquehanna lifted their target price on shares of Wynn Resorts from $92.00 to $122.00 and gave the stock a “positive” rating in a research note on Friday, October 11th. Finally, Macquarie reaffirmed an “outperform” rating and set a $120.00 target price on shares of Wynn Resorts in a research note on Tuesday, November 5th. Three equities 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $117.23.

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.