Signaturefd LLC Reduces Position in Wynn Resorts, Limited (NASDAQ:WYNN)

Signaturefd LLC cut its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 14.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,721 shares of the casino operator’s stock after selling 280 shares during the quarter. Signaturefd LLC’s holdings in Wynn Resorts were worth $148,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WYNN. IHT Wealth Management LLC lifted its holdings in Wynn Resorts by 1.7% during the 3rd quarter. IHT Wealth Management LLC now owns 6,766 shares of the casino operator’s stock valued at $654,000 after buying an additional 112 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Wynn Resorts by 5.8% during the 4th quarter. Fifth Third Bancorp now owns 2,183 shares of the casino operator’s stock valued at $188,000 after buying an additional 119 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings 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 buying an additional 122 shares in the last quarter. Metis Global Partners LLC lifted its holdings in Wynn Resorts by 5.0% during the 4th quarter. Metis Global Partners LLC now owns 3,197 shares of the casino operator’s stock valued at $275,000 after buying an additional 152 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Wynn Resorts by 1.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,798 shares of the casino operator’s stock valued at $844,000 after buying an additional 176 shares in the last quarter. 88.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Philip G. Satre purchased 22,200 shares of the stock in a transaction that occurred on 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 acquisition, the director now owns 34,195 shares of the company’s stock, valued at approximately $3,152,095.10. This represents a 185.08 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

WYNN has been the subject of a number of research analyst reports. Morgan Stanley decreased their price objective on shares of Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Jefferies Financial Group upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating and boosted their price target for the company from $105.00 to $118.00 in a report on Tuesday, February 18th. Macquarie restated an “outperform” rating and issued a $115.00 price target on shares of Wynn Resorts in a report on Friday, February 14th. StockNews.com lowered shares of Wynn Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. Finally, Barclays boosted their price target on shares of Wynn Resorts from $115.00 to $116.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Wynn Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $119.58.

Wynn Resorts Price Performance

WYNN stock opened at $82.63 on Friday. The firm’s fifty day simple moving average is $85.71 and its 200-day simple moving average is $88.92. The company has a market capitalization of $8.79 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 2.35 and a beta of 1.76. Wynn Resorts, Limited has a 12 month low of $71.63 and a 12 month high of $110.38.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 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%. As a group, sell-side analysts forecast that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Monday, February 24th. Wynn Resorts’s dividend payout ratio (DPR) is currently 23.75%.

Wynn Resorts Company 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.