Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 16.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,629 shares of the casino operator’s stock after selling 4,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Wynn Resorts were worth $1,864,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Paradigm Asset Management Co. LLC increased its stake in Wynn Resorts by 142.4% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 2,213 shares of the casino operator’s stock valued at $191,000 after purchasing an additional 1,300 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Wynn Resorts by 15.0% during the 4th quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator’s stock valued at $81,000 after purchasing an additional 122 shares in the last quarter. D.A. Davidson & CO. acquired a new position in Wynn Resorts during the 4th quarter valued at approximately $210,000. Sanctuary Advisors LLC increased its stake in shares of Wynn Resorts by 8.1% in the fourth quarter. Sanctuary Advisors LLC now owns 4,201 shares of the casino operator’s stock worth $376,000 after acquiring an additional 315 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Wynn Resorts by 6.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 35,932 shares of the casino operator’s stock worth $3,096,000 after acquiring an additional 2,040 shares during the period. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wynn Resorts Stock Up 0.1 %

WYNN opened at $91.10 on Thursday. The company has a market cap of $9.69 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 2.35 and a beta of 1.76. Wynn Resorts, Limited has a 52-week low of $71.63 and a 52-week high of $110.38. The firm’s fifty day simple moving average is $85.35 and its two-hundred day simple moving average is $87.66.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $1.15. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.78 billion. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. On average, research analysts forecast that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.10%. The ex-dividend date is Monday, February 24th. Wynn Resorts’s payout ratio is 23.75%.

Analyst Ratings Changes

A number of analysts have recently weighed in on WYNN shares. Mizuho increased their price objective on shares of Wynn Resorts from $118.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Morgan Stanley cut their price objective on shares of Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Monday. JPMorgan Chase & Co. increased their price objective on shares of Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Jefferies Financial Group upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating and increased their price objective for the stock from $105.00 to $118.00 in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wynn Resorts has a consensus rating of “Moderate Buy” and an average price target of $119.58.

Insider Buying and Selling at Wynn Resorts

In other Wynn Resorts news, Director Philip G. Satre purchased 22,200 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average cost of $92.18 per share, with a total value of $2,046,396.00. Following the completion of the purchase, the director now owns 34,195 shares in the company, valued at approximately $3,152,095.10. This represents a 185.08 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 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.