Public Employees Retirement Association of Colorado decreased its position in Wynn Resorts Ltd. (NASDAQ:WYNN) by 3.5% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 17,435 shares of the casino operator’s stock after selling 638 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Wynn Resorts were worth $1,699,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Columbus Circle Investors acquired a new stake in Wynn Resorts during the second quarter valued at approximately $64,835,000. Point72 Asset Management L.P. raised its stake in Wynn Resorts by 516.6% in the second quarter. Point72 Asset Management L.P. now owns 480,328 shares of the casino operator’s stock valued at $43,537,000 after buying an additional 402,428 shares in the last quarter. Thornburg Investment Management Inc. raised its stake in Wynn Resorts by 81.7% in the second quarter. Thornburg Investment Management Inc. now owns 874,764 shares of the casino operator’s stock valued at $79,289,000 after buying an additional 393,277 shares in the last quarter. Vanguard Group Inc. raised its stake in Wynn Resorts by 3.8% in the second quarter. Vanguard Group Inc. now owns 7,392,996 shares of the casino operator’s stock valued at $670,102,000 after buying an additional 273,781 shares in the last quarter. Finally, Chartwell Investment Partners LLC acquired a new stake in Wynn Resorts during the second quarter valued at approximately $17,163,000. 74.82% of the stock is currently owned by institutional investors and hedge funds.
Shares of Wynn Resorts Ltd. (NASDAQ:WYNN) traded up 0.44% during trading on Monday, reaching $102.00. The company had a trading volume of 2,746,211 shares. The firm has a market capitalization of $10.35 billion, a PE ratio of 48.11 and a beta of 1.89. The stock has a 50 day moving average price of $93.40 and a 200 day moving average price of $96.14. Wynn Resorts Ltd. has a 12 month low of $49.95 and a 12 month high of $109.50.
Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Wednesday, November 2nd. The casino operator reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.78 by $0.03. Wynn Resorts had a net margin of 5.24% and a return on equity of 3,973.99%. The company earned $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the business posted $0.86 earnings per share. The firm’s revenue was up 11.4% on a year-over-year basis. On average, equities research analysts forecast that Wynn Resorts Ltd. will post $3.79 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 29th. Investors of record on Thursday, November 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Tuesday, November 15th. Wynn Resorts’s payout ratio is 94.34%.
A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. restated a “hold” rating and issued a $87.00 target price on shares of Wynn Resorts in a report on Thursday, November 3rd. Vetr upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $103.36 target price on the stock in a report on Monday, August 1st. Telsey Advisory Group reduced their target price on shares of Wynn Resorts from $115.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, November 3rd. Buckingham Research assumed coverage on shares of Wynn Resorts in a report on Friday, August 12th. They issued a “buy” rating and a $113.00 target price on the stock. Finally, Gabelli restated a “buy” rating and issued a $124.00 target price on shares of Wynn Resorts in a report on Monday, October 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. Wynn Resorts presently has an average rating of “Hold” and a consensus target price of $102.16.
In other Wynn Resorts news, Director Daniel Boone Wayson sold 37,500 shares of Wynn Resorts stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $87.12, for a total value of $3,267,000.00. Following the transaction, the director now directly owns 54,510 shares of the company’s stock, valued at approximately $4,748,911.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 12.60% of the stock is owned by corporate insiders.
About Wynn Resorts
Wynn Resorts, Limited 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 operates through two segments: Macau Operations and Las Vegas Operations.