Atria Wealth Solutions Inc. Sells 4,653 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Atria Wealth Solutions Inc. cut its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 41.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,492 shares of the casino operator’s stock after selling 4,653 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Wynn Resorts were worth $559,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC acquired a new position in shares of Wynn Resorts in the 4th quarter valued at $26,000. Wilmington Savings Fund Society FSB bought a new stake in Wynn Resorts in the third quarter valued at about $31,000. Spire Wealth Management raised its position in Wynn Resorts by 116.4% in the fourth quarter. Spire Wealth Management now owns 435 shares of the casino operator’s stock worth $37,000 after purchasing an additional 234 shares in the last quarter. Blue Trust Inc. lifted its stake in Wynn Resorts by 556.0% during the third quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock worth $49,000 after purchasing an additional 467 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in Wynn Resorts by 15.0% during the fourth quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator’s stock valued at $81,000 after purchasing an additional 122 shares in the last quarter. 88.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Wynn Resorts news, Director Philip G. Satre bought 22,200 shares of the stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of $92.18 per share, with a total value of $2,046,396.00. Following the acquisition, the director now owns 34,195 shares of the company’s stock, valued at approximately $3,152,095.10. The trade was a 185.08 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.52% of the stock is currently owned by insiders.

Wynn Resorts Stock Performance

Shares of WYNN opened at $91.10 on Thursday. The business’s fifty day moving average price is $85.35 and its two-hundred day moving average price is $87.66. The firm has a market capitalization of $9.69 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 2.35 and a beta of 1.76. Wynn Resorts, Limited has a 52 week low of $71.63 and a 52 week high of $110.38.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $1.15. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. As a group, research analysts forecast that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Monday, February 24th. Wynn Resorts’s dividend payout ratio is 23.75%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on WYNN shares. Jefferies Financial Group raised Wynn Resorts from a “hold” rating to a “buy” rating and increased their target price for the stock from $105.00 to $118.00 in a report on Tuesday, February 18th. StockNews.com lowered Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday. Barclays boosted their target price on shares of Wynn Resorts from $115.00 to $116.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. increased their target price on shares of Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Macquarie restated an “outperform” rating and issued a $115.00 price target on shares of Wynn Resorts in a research report on Friday, February 14th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Wynn Resorts currently has an average rating of “Moderate Buy” and a consensus target price of $119.58.

About Wynn Resorts

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.