Wynn Resorts, Limited (NASDAQ:WYNN) Position Maintained by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt maintained its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the second quarter, according to its most recent 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of WYNN. BlackRock Inc. increased its position in Wynn Resorts, Limited by 5,076.4% in the first quarter. BlackRock Inc. now owns 4,945,920 shares of the casino operator’s stock worth $566,852,000 after buying an additional 4,850,373 shares during the last quarter. OZ Management LP increased its position in Wynn Resorts, Limited by 24.8% in the first quarter. OZ Management LP now owns 2,132,012 shares of the casino operator’s stock worth $244,350,000 after buying an additional 423,658 shares during the last quarter. American Century Companies Inc. increased its position in Wynn Resorts, Limited by 76.6% in the first quarter. American Century Companies Inc. now owns 856,721 shares of the casino operator’s stock worth $98,189,000 after buying an additional 371,701 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in Wynn Resorts, Limited by 142.5% in the first quarter. TIAA CREF Investment Management LLC now owns 599,398 shares of the casino operator’s stock worth $68,697,000 after buying an additional 352,191 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Wynn Resorts, Limited by 134.1% in the first quarter. Wellington Management Group LLP now owns 565,881 shares of the casino operator’s stock worth $64,855,000 after buying an additional 324,175 shares during the last quarter. 75.33% of the stock is owned by hedge funds and other institutional investors.

Wynn Resorts, Limited (NASDAQ:WYNN) opened at 127.51 on Friday. The stock has a market cap of $13.00 billion, a PE ratio of 47.72 and a beta of 1.72. 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 is $133.80 and its 200 day moving average is $117.30.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its quarterly earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 205.76%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the business posted $1.07 EPS. Wynn Resorts, Limited’s revenue for the quarter was up 44.5% compared to the same quarter last year. Analysts predict that Wynn Resorts, Limited will post $4.92 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 22nd. Shareholders of record on Thursday, August 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $2.00 dividend on an annualized basis and a yield of 1.57%. Wynn Resorts, Limited’s payout ratio is 74.91%.

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A number of equities analysts recently issued reports on WYNN shares. Barclays PLC raised shares of Wynn Resorts, Limited from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $87.00 to $144.00 in a research note on Friday, May 12th. Zacks Investment Research downgraded shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research note on Thursday, April 20th. Vetr raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $140.28 price target for the company in a research note on Thursday, June 29th. Sanford C. Bernstein reissued an “outperform” rating on shares of Wynn Resorts, Limited in a research note on Wednesday, July 12th. Finally, Telsey Advisory Group downgraded shares of Wynn Resorts, Limited from an “outperform” rating to a “market perform” rating and set a $150.00 target price for the company. in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $125.62.

In other news, Director John J. Hagenbuch sold 1,150 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $128.40, for a total value of $147,660.00. Following the sale, the director now directly owns 11,662 shares of the company’s stock, valued at approximately $1,497,400.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Matt Maddox sold 44,309 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $134.35, for a total transaction of $5,952,914.15. Following the completion of the sale, the president now directly owns 344,895 shares in the company, valued at $46,336,643.25. The disclosure for this sale can be found here. Insiders sold a total of 73,309 shares of company stock worth $9,693,891 over the last ninety days. Insiders own 13.20% of the company’s stock.

Wynn Resorts, Limited Company 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.