Sei Investments Co. Reduces Stock Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Sei Investments Co. lessened its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 45.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 89,830 shares of the casino operator’s stock after selling 75,912 shares during the period. Sei Investments Co. owned approximately 0.08% of Wynn Resorts worth $7,739,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of WYNN. IHT Wealth Management LLC lifted its holdings in shares of Wynn Resorts by 1.7% in the 3rd quarter. IHT Wealth Management LLC now owns 6,766 shares of the casino operator’s stock worth $654,000 after acquiring an additional 112 shares during the last quarter. Fifth Third Bancorp lifted its stake in Wynn Resorts by 5.8% in the fourth quarter. Fifth Third Bancorp now owns 2,183 shares of the casino operator’s stock worth $188,000 after purchasing an additional 119 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of 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 buying an additional 122 shares during the last quarter. Metis Global Partners LLC raised its holdings in shares of Wynn Resorts by 5.0% in the fourth quarter. Metis Global Partners LLC now owns 3,197 shares of the casino operator’s stock worth $275,000 after buying an additional 152 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Wynn Resorts by 1.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,798 shares of the casino operator’s stock worth $844,000 after acquiring an additional 176 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Wynn Resorts

In related news, major shareholder Tilman J. Fertitta purchased 5,025 shares of the business’s stock in a transaction on Friday, March 21st. The shares were acquired at an average price of $80.99 per share, for a total transaction of $406,974.75. Following the purchase, the insider now owns 10,905,025 shares of the company’s stock, valued at $883,197,974.75. This trade represents a 0.05 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Philip G. Satre acquired 22,200 shares of the stock in a transaction dated Tuesday, February 18th. The shares were bought at an average price of $92.18 per share, with a total value of $2,046,396.00. Following the completion of the purchase, the director now directly owns 34,195 shares of the company’s stock, valued at approximately $3,152,095.10. This trade represents a 185.08 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 38,700 shares of company stock worth $3,427,943. 0.52% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on WYNN shares. StockNews.com downgraded Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Macquarie reiterated an “outperform” rating and set a $115.00 price objective on shares of Wynn Resorts in a report on Friday, February 14th. Morgan Stanley dropped their target price on shares of Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Stifel Nicolaus lifted their price target on shares of Wynn Resorts from $123.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Barclays increased their price objective on Wynn Resorts from $115.00 to $116.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $119.58.

Wynn Resorts Stock Performance

Shares of Wynn Resorts stock opened at $82.33 on Monday. The company has a market capitalization of $8.74 billion, a PE ratio of 19.56, a P/E/G ratio of 2.35 and a beta of 1.77. The company has a 50-day simple moving average of $85.96 and a two-hundred day simple moving average of $89.31. Wynn Resorts, Limited has a one year low of $71.63 and a one year high of $110.38.

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

Wynn Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Monday, February 24th. Wynn Resorts’s dividend payout ratio is currently 23.75%.

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.