UniSuper Management Pty Ltd Trims Stock Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

UniSuper Management Pty Ltd lessened its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,203 shares of the casino operator’s stock after selling 256 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Wynn Resorts were worth $1,655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its holdings in shares of Wynn Resorts by 49.2% during the third quarter. Thrivent Financial for Lutherans now owns 11,683 shares of the casino operator’s stock worth $1,120,000 after buying an additional 3,850 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Wynn Resorts by 5.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,724 shares of the casino operator’s stock worth $5,918,000 after acquiring an additional 3,237 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Wynn Resorts by 1.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 624,469 shares of the casino operator’s stock worth $59,874,000 after acquiring an additional 10,465 shares during the period. Public Sector Pension Investment Board raised its holdings in Wynn Resorts by 6.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,078 shares of the casino operator’s stock valued at $295,000 after acquiring an additional 200 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new position in shares of Wynn Resorts during the 3rd quarter worth $144,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

Insider Transactions at Wynn Resorts

In other news, Director Philip G. Satre purchased 22,200 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average price of $92.18 per share, with a total value of $2,046,396.00. Following the purchase, the director now directly 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 filing with the SEC, which can be accessed through this link. Also, major shareholder Tilman J. Fertitta acquired 11,475 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was purchased at an average cost of $84.93 per share, with a total value of $974,571.75. Following the completion of the transaction, the insider now owns 12,600,000 shares in the company, valued at $1,070,118,000. The trade was a 0.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 38,700 shares of company stock valued at $3,427,943. Corporate insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on WYNN shares. Jefferies Financial Group raised Wynn Resorts from a “hold” rating to a “buy” rating and lifted their price objective for the company from $105.00 to $118.00 in a research report on Tuesday, February 18th. Mizuho upped their price objective on shares of Wynn Resorts from $118.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. 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 report on Monday, February 24th. StockNews.com downgraded shares of Wynn Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. Finally, Macquarie reaffirmed an “outperform” rating and set a $115.00 price target on shares of Wynn Resorts in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $119.58.

Wynn Resorts Trading Down 4.4 %

NASDAQ:WYNN opened at $82.33 on Monday. The firm’s fifty day simple moving average is $85.96 and its 200 day simple moving average is $89.31. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The firm has a market capitalization of $8.74 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 2.35 and a beta of 1.77.

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

Wynn Resorts Announces Dividend

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

About Wynn Resorts

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.