Thrivent Financial for Lutherans Sells 89,226 Shares of Wynn Resorts, Limited $WYNN

Thrivent Financial for Lutherans decreased its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 802,435 shares of the casino operator’s stock after selling 89,226 shares during the period. Thrivent Financial for Lutherans owned about 0.77% of Wynn Resorts worth $96,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of WYNN. Palidye Holdings Caymans Ltd bought a new stake in shares of Wynn Resorts during the 2nd quarter valued at $104,629,000. Zurich Insurance Group Ltd FI purchased a new position in shares of Wynn Resorts during the 3rd quarter valued at $110,213,000. Westfield Capital Management Co. LP purchased a new position in shares of Wynn Resorts during the 3rd quarter valued at $73,588,000. Rakuten Investment Management Inc. purchased a new position in shares of Wynn Resorts during the 3rd quarter valued at $51,163,000. Finally, Barclays PLC lifted its stake in shares of Wynn Resorts by 121.3% during the 3rd quarter. Barclays PLC now owns 506,945 shares of the casino operator’s stock valued at $65,026,000 after buying an additional 277,917 shares in the last quarter. Institutional investors own 88.64% of the company’s stock.

Wynn Resorts Stock Down 0.8%

Shares of WYNN stock opened at $95.43 on Friday. The stock has a market cap of $9.90 billion, a P/E ratio of 28.49, a PEG ratio of 0.85 and a beta of 1.01. Wynn Resorts, Limited has a 52 week low of $82.63 and a 52 week high of $134.72. The company’s fifty day simple moving average is $102.94 and its two-hundred day simple moving average is $113.52.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Thursday, May 7th. The casino operator reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Wynn Resorts had a net margin of 5.14% and a negative return on equity of 42.03%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.07 EPS. On average, analysts anticipate that Wynn Resorts, Limited will post 4.84 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 18th will be paid a $0.25 dividend. The ex-dividend date is Monday, May 18th. This represents a $1.00 annualized dividend and a yield of 1.0%. Wynn Resorts’s payout ratio is presently 29.85%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on WYNN shares. Citigroup lowered their target price on shares of Wynn Resorts from $145.00 to $132.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Morgan Stanley lowered their target price on shares of Wynn Resorts from $136.00 to $133.00 and set an “overweight” rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $137.00 target price on shares of Wynn Resorts in a research note on Friday, May 8th. Susquehanna lowered their target price on shares of Wynn Resorts from $133.00 to $127.00 and set a “positive” rating on the stock in a research note on Thursday, April 16th. Finally, Barclays lowered their target price on shares of Wynn Resorts from $143.00 to $139.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $140.00.

About Wynn Resorts

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.