Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by Navalign LLC

Navalign LLC reduced its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,798 shares of the casino operator’s stock after selling 131 shares during the period. Navalign LLC’s holdings in Wynn Resorts were worth $802,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of WYNN. Horizon Investments LLC grew its position in Wynn Resorts by 6.7% in the second quarter. Horizon Investments LLC now owns 1,731 shares of the casino operator’s stock worth $183,000 after acquiring an additional 108 shares in the last quarter. Captrust Financial Advisors increased its position in Wynn Resorts by 3.6% during the 3rd quarter. Captrust Financial Advisors now owns 4,240 shares of the casino operator’s stock worth $267,000 after buying an additional 147 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC boosted its position in shares of Wynn Resorts by 4.3% in the third quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 3,630 shares of the casino operator’s stock valued at $323,000 after acquiring an additional 150 shares during the period. Mystic Asset Management Inc. increased its holdings in shares of Wynn Resorts by 1.6% during the third quarter. Mystic Asset Management Inc. now owns 11,131 shares of the casino operator’s stock worth $1,029,000 after purchasing an additional 175 shares during the period. Finally, M&T Bank Corp boosted its stake in shares of Wynn Resorts by 5.0% in the third quarter. M&T Bank Corp now owns 4,084 shares of the casino operator’s stock valued at $258,000 after buying an additional 196 shares during the period. 68.87% of the stock is currently owned by institutional investors and hedge funds.

Wynn Resorts Trading Up 0.4 %

Shares of WYNN traded up $0.44 during trading hours on Thursday, reaching $102.23. 1,015,457 shares of the stock traded hands, compared to its average volume of 1,855,688. Wynn Resorts, Limited has a 52 week low of $81.65 and a 52 week high of $117.86. The stock has a fifty day simple moving average of $100.53 and a 200 day simple moving average of $93.84. The company has a market cap of $11.46 billion, a price-to-earnings ratio of 17.10 and a beta of 1.94.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Wednesday, February 7th. The casino operator reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.76. Wynn Resorts had a net margin of 11.18% and a negative return on equity of 31.17%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the firm earned ($1.23) EPS. The company’s revenue was up 83.1% compared to the same quarter last year. Analysts predict that Wynn Resorts, Limited will post 5.27 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Friday, February 16th. Wynn Resorts’s payout ratio is currently 16.72%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Macquarie upped their target price on Wynn Resorts from $122.00 to $128.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. lifted their price target on shares of Wynn Resorts from $118.00 to $123.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Barclays upped their price target on shares of Wynn Resorts from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Susquehanna increased their target price on Wynn Resorts from $105.00 to $115.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Finally, StockNews.com lowered shares of Wynn Resorts from a “buy” rating to a “hold” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Wynn Resorts presently has an average rating of “Moderate Buy” and an average target price of $119.62.

Insider Activity at Wynn Resorts

In other news, EVP Ellen F. Whittemore sold 4,180 shares of the firm’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $95.26, for a total value of $398,186.80. Following the completion of the transaction, the executive vice president now directly owns 74,144 shares of the company’s stock, valued at $7,062,957.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Ellen F. Whittemore sold 654 shares of the company’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $93.90, for a total value of $61,410.60. Following the completion of the transaction, the executive vice president now directly owns 90,025 shares in the company, valued at $8,453,347.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ellen F. Whittemore sold 4,180 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $95.26, for a total value of $398,186.80. Following the sale, the executive vice president now owns 74,144 shares in the company, valued at approximately $7,062,957.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,828 shares of company stock worth $7,345,942. Corporate insiders own 0.52% of the company’s stock.

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.