Wynn Resorts, Limited (WYNN) Holdings Reduced by APG Asset Management N.V.

APG Asset Management N.V. cut its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 144,782 shares of the casino operator’s stock after selling 3,400 shares during the period. APG Asset Management N.V. owned 0.14% of Wynn Resorts, Limited worth $21,561,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in WYNN. OppenheimerFunds Inc. lifted its position in shares of Wynn Resorts, Limited by 11.8% during the first quarter. OppenheimerFunds Inc. now owns 5,168 shares of the casino operator’s stock worth $592,000 after purchasing an additional 545 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Wynn Resorts, Limited by 190.5% during the first quarter. Teachers Advisors LLC now owns 258,155 shares of the casino operator’s stock worth $29,587,000 after purchasing an additional 169,283 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Wynn Resorts, Limited by 5.4% during the first quarter. Thrivent Financial For Lutherans now owns 2,910 shares of the casino operator’s stock worth $334,000 after purchasing an additional 150 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Wynn Resorts, Limited by 4.9% during the first quarter. Dimensional Fund Advisors LP now owns 188,926 shares of the casino operator’s stock worth $21,652,000 after purchasing an additional 8,774 shares in the last quarter. Finally, FNY Partners Fund LP lifted its position in shares of Wynn Resorts, Limited by 5,400.0% during the first quarter. FNY Partners Fund LP now owns 1,100 shares of the casino operator’s stock worth $126,000 after purchasing an additional 1,080 shares in the last quarter. Hedge funds and other institutional investors own 70.78% of the company’s stock.

Wynn Resorts, Limited (NASDAQ WYNN) opened at 141.21 on Tuesday. The company has a market capitalization of $14.40 billion, a price-to-earnings ratio of 52.85 and a beta of 1.67. The company’s 50-day moving average is $144.76 and its 200-day moving average is $134.11. Wynn Resorts, Limited has a 52-week low of $82.51 and a 52-week high of $150.40.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its quarterly earnings data on Thursday, October 26th. The casino operator reported $1.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.24. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.56 billion. Wynn Resorts, Limited had a net margin of 6.24% and a return on equity of 140.73%. The company’s revenue was up 45.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 earnings per share. On average, analysts expect that Wynn Resorts, Limited will post $5.12 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Wednesday, November 15th. Wynn Resorts, Limited’s dividend payout ratio (DPR) is presently 55.25%.

A number of equities analysts have recently issued reports on WYNN shares. Sanford C. Bernstein reiterated an “outperform” rating on shares of Wynn Resorts, Limited in a research report on Wednesday, July 12th. Stifel Nicolaus boosted their price target on shares of Wynn Resorts, Limited from $134.00 to $153.00 and gave the stock a “hold” rating in a research note on Friday. Telsey Advisory Group downgraded shares of Wynn Resorts, Limited from an “outperform” rating to a “market perform” rating and set a $150.00 price target for the company. in a research note on Wednesday, July 26th. Vetr raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $146.26 price target for the company in a research note on Friday, July 14th. Finally, Morgan Stanley reissued an “overweight” rating and set a $151.00 price target (up from $133.00) on shares of Wynn Resorts, Limited in a research note on Monday, July 10th. Twelve equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Wynn Resorts, Limited currently has an average rating of “Buy” and a consensus price target of $140.76.

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In other news, EVP Kimmarie Sinatra sold 21,451 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $143.62, for a total transaction of $3,080,792.62. Following the sale, the executive vice president now directly owns 223,443 shares in the company, valued at $32,090,883.66. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, President Matt Maddox sold 42,900 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $143.44, for a total value of $6,153,576.00. Following the sale, the president now owns 350,586 shares in the company, valued at $50,288,055.84. The disclosure for this sale can be found here. 13.20% of the stock is owned by corporate insiders.

Wynn Resorts, Limited Profile

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.

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Institutional Ownership by Quarter for Wynn Resorts, Limited (NASDAQ:WYNN)

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