Mutual of America Capital Management LLC Sells 395 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Mutual of America Capital Management LLC lessened its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 3.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,500 shares of the casino operator’s stock after selling 395 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Wynn Resorts were worth $1,103,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Regal Partners Ltd boosted its holdings in Wynn Resorts by 24.0% in the 3rd quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator’s stock worth $86,168,000 after buying an additional 174,005 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Wynn Resorts by 326.5% in the first quarter. Cetera Investment Advisers now owns 25,980 shares of the casino operator’s stock worth $2,656,000 after acquiring an additional 19,889 shares during the period. Crystal Rock Capital Management bought a new position in shares of Wynn Resorts in the third quarter worth $719,000. MBB Public Markets I LLC bought a new stake in shares of Wynn Resorts during the 2nd quarter valued at $698,000. Finally, Virtu Financial LLC bought a new stake in shares of Wynn Resorts during the 1st quarter valued at $1,248,000. Hedge funds and other institutional investors own 68.87% of the company’s stock.

Wynn Resorts Stock Up 2.4 %

NASDAQ WYNN opened at $93.45 on Tuesday. The stock’s 50-day simple moving average is $93.88 and its two-hundred day simple moving average is $87.99. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The company has a market capitalization of $10.26 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 3.28 and a beta of 1.80.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share 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 firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the firm earned $0.99 EPS. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities analysts expect that Wynn Resorts, Limited will post 4.87 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is 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 12.33%.

Analysts Set New Price Targets

WYNN has been the subject of several analyst reports. StockNews.com downgraded Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Wells Fargo & Company decreased their target price 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. Barclays cut their price target on shares of Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Finally, Macquarie reiterated an “outperform” rating and issued a $120.00 price objective on shares of Wynn Resorts in a research report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.71.

Insider Activity at Wynn Resorts

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

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.