Livforsakringsbolaget Skandia Omsesidigt continued to hold its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,528 shares of the casino operator’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Wynn Resorts, Limited were worth $205,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Wynn Resorts, Limited by 83.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the casino operator’s stock worth $117,000 after buying an additional 462 shares in the last quarter. FNY Partners Fund LP increased its position in Wynn Resorts, Limited by 5,400.0% in the first quarter. FNY Partners Fund LP now owns 1,100 shares of the casino operator’s stock valued at $126,000 after buying an additional 1,080 shares during the period. Mercer Capital Advisers Inc. purchased a new position in Wynn Resorts, Limited during the first quarter valued at $143,000. Gulf International Bank UK Ltd increased its position in Wynn Resorts, Limited by 13.9% in the first quarter. Gulf International Bank UK Ltd now owns 1,639 shares of the casino operator’s stock valued at $187,000 after buying an additional 200 shares during the period. Finally, Newman Dignan & Sheerar Inc. purchased a new position in Wynn Resorts, Limited during the first quarter valued at $210,000. Institutional investors own 75.31% of the company’s stock.
Wynn Resorts, Limited (NASDAQ:WYNN) traded up 0.45% on Friday, reaching $128.60. The company had a trading volume of 2,730,547 shares. Wynn Resorts, Limited has a 52-week low of $82.51 and a 52-week high of $139.67. The stock’s 50-day moving average price is $133.87 and its 200 day moving average price is $116.42. The firm has a market capitalization of $13.11 billion, a price-to-earnings ratio of 48.13 and a beta of 1.73.
Wynn Resorts, Limited (NASDAQ:WYNN) last announced its quarterly earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a return on equity of 205.76% and a net margin of 5.02%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the firm earned $1.07 EPS. The firm’s quarterly revenue was up 44.5% compared to the same quarter last year. On average, equities analysts anticipate that Wynn Resorts, Limited will post $4.80 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Thursday, August 10th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $2.00 annualized dividend and a yield of 1.56%. Wynn Resorts, Limited’s dividend payout ratio is currently 74.91%.
WYNN has been the topic of several research reports. Zacks Investment Research upgraded Wynn Resorts, Limited from a “strong sell” rating to a “buy” rating and set a $131.00 target price on the stock in a research report on Monday, April 10th. Vetr upgraded Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $119.59 target price on the stock in a research report on Monday, April 17th. UBS AG restated a “buy” rating on shares of Wynn Resorts, Limited in a research report on Tuesday, April 11th. Argus upgraded Wynn Resorts, Limited from a “hold” rating to a “buy” rating and raised their target price for the company from $119.80 to $135.00 in a research report on Wednesday, April 5th. Finally, Aegis restated a “buy” rating and issued a $121.00 target price on shares of Wynn Resorts, Limited in a research report on Saturday, April 22nd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Wynn Resorts, Limited presently has an average rating of “Hold” and an average target price of $125.62.
In related news, Director John J. Hagenbuch sold 1,150 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $128.40, for a total value of $147,660.00. Following the completion of the sale, the director now directly owns 11,662 shares in the company, valued at approximately $1,497,400.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Patricia Mulroy sold 2,226 shares of the stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $128.08, for a total value of $285,106.08. Following the completion of the sale, the director now owns 8,011 shares of the company’s stock, valued at $1,026,048.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,309 shares of company stock valued at $9,306,891. 13.20% of the stock is owned by insiders.
About Wynn Resorts, Limited
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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