Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Stake in Wynn Resorts, Limited (NASDAQ:WYNN)

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 8.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 18,259 shares of the casino operator’s stock after purchasing an additional 1,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Wynn Resorts were worth $1,985,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in WYNN. Point72 Hong Kong Ltd purchased a new stake in Wynn Resorts during the 2nd quarter valued at about $31,000. Sumitomo Mitsui Financial Group Inc. bought a new position in Wynn Resorts during the 2nd quarter valued at about $35,000. Lenox Wealth Advisors LLC bought a new position in Wynn Resorts during the 3rd quarter valued at about $35,000. Manchester Financial Inc. bought a new position in Wynn Resorts during the 2nd quarter valued at about $36,000. Finally, Golden State Wealth Management LLC lifted its stake in Wynn Resorts by 27.1% during the 2nd quarter. Golden State Wealth Management LLC now owns 479 shares of the casino operator’s stock valued at $59,000 after acquiring an additional 102 shares during the period. 75.66% of the stock is currently owned by institutional investors.

Several equities analysts have issued reports on WYNN shares. Standpoint Research started coverage on shares of Wynn Resorts in a research note on Wednesday, September 4th. They set a “buy” rating on the stock. JPMorgan Chase & Co. restated a “buy” rating on shares of Wynn Resorts in a research note on Thursday. Citigroup set a $141.00 target price on shares of Wynn Resorts and gave the company a “buy” rating in a research note on Thursday, September 12th. Barclays lowered their price objective on shares of Wynn Resorts from $157.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Finally, Nomura lowered their price objective on shares of Wynn Resorts from $126.00 to $117.00 and set a “buy” rating on the stock in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $137.00.

In related news, CEO Matt Maddox sold 25,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $122.47, for a total value of $3,061,750.00. Following the completion of the sale, the chief executive officer now directly owns 407,107 shares of the company’s stock, valued at approximately $49,858,394.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 75,000 shares of company stock valued at $8,750,250 over the last three months. 0.58% of the stock is currently owned by insiders.

Shares of NASDAQ:WYNN opened at $125.49 on Friday. The firm’s 50 day moving average price is $114.18 and its 200-day moving average price is $120.46. Wynn Resorts, Limited has a twelve month low of $90.06 and a twelve month high of $151.50. The company has a quick ratio of 0.95, a current ratio of 1.00 and a debt-to-equity ratio of 5.00. The stock has a market capitalization of $13.64 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 2.38 and a beta of 2.07.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Wednesday, November 6th. The casino operator reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.73). Wynn Resorts had a return on equity of 34.98% and a net margin of 12.41%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the company earned $1.68 EPS. Wynn Resorts’s revenue for the quarter was down 3.6% on a year-over-year basis. Analysts expect that Wynn Resorts, Limited will post 5.21 earnings per share for the current fiscal year.

The company also recently announced a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 14th will be issued a $1.00 dividend. The ex-dividend date is Wednesday, November 13th. Wynn Resorts’s dividend payout ratio is 61.16%.

Wynn Resorts Profile

Wynn Resorts, Limited owns and operates destination casino resorts. As of February 20, 2019, the company's Wynn Palace segment had approximately 424,000 square feet of casino space, which offered 320 table games and 1,041 slot machines, private gaming salons, and sky casinos; a luxury hotel towers with 1,706 guest rooms, suites, and villas; 13 food and beverage outlets; 106,000 square feet of retail space; 37,000 square feet of meeting and convention space; recreation and leisure facilities comprising a gondola ride, health club, spa, salon, and pool; and public attractions, such as performance lake and floral art displays.

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

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