Wynn Resorts, Limited (WYNN) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL reduced its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,200 shares of the casino operator’s stock after selling 1,000 shares during the period. Gamco Investors INC. ET AL’s holdings in Wynn Resorts were worth $11,588,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC lifted its position in Wynn Resorts by 115.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 614 shares of the casino operator’s stock worth $103,000 after acquiring an additional 329 shares in the last quarter. Dupont Capital Management Corp lifted its position in Wynn Resorts by 87.9% during the 2nd quarter. Dupont Capital Management Corp now owns 823 shares of the casino operator’s stock worth $138,000 after acquiring an additional 385 shares in the last quarter. Redpoint Investment Management Pty Ltd lifted its position in Wynn Resorts by 21.6% during the 2nd quarter. Redpoint Investment Management Pty Ltd now owns 2,226 shares of the casino operator’s stock worth $372,000 after acquiring an additional 395 shares in the last quarter. Securian Asset Management Inc lifted its position in Wynn Resorts by 4.9% during the 2nd quarter. Securian Asset Management Inc now owns 8,751 shares of the casino operator’s stock worth $1,464,000 after acquiring an additional 407 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in Wynn Resorts by 8.4% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 5,463 shares of the casino operator’s stock worth $914,000 after acquiring an additional 422 shares in the last quarter. 75.23% of the stock is currently owned by institutional investors and hedge funds.

WYNN stock opened at $98.32 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 4.47. Wynn Resorts, Limited has a 52-week low of $92.50 and a 52-week high of $203.63. The company has a market cap of $11.92 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 0.75 and a beta of 1.56.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Wednesday, November 7th. The casino operator reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.01). Wynn Resorts had a return on equity of 69.17% and a net margin of 7.90%. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the prior year, the firm earned $1.52 earnings per share. Wynn Resorts’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities analysts forecast that Wynn Resorts, Limited will post 7.35 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Wednesday, November 21st will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $3.00 annualized dividend and a yield of 3.05%. Wynn Resorts’s dividend payout ratio is presently 54.95%.

Several research firms recently commented on WYNN. Roth Capital reduced their price target on Wynn Resorts from $210.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday. Jefferies Financial Group reduced their price target on Wynn Resorts from $170.00 to $114.00 and set a “hold” rating on the stock in a research report on Thursday. Stifel Nicolaus reduced their price target on Wynn Resorts from $192.00 to $138.00 and set a “buy” rating on the stock in a research report on Thursday. Morgan Stanley reduced their price target on Wynn Resorts from $139.00 to $130.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, Credit Suisse Group reduced their price target on Wynn Resorts from $119.00 to $104.00 and set a “neutral” rating on the stock in a research report on Thursday. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $168.11.

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Wynn Resorts Company Profile

Wynn Resorts, Limited owns and operates destination casino resorts. As of February 15, 2018, the company's Wynn Macau segment had approximately 273,000 square feet of casino space, which offered 316 table games and 988 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel towers with 1,008 guest rooms and suites; 8 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities comprising 2 health clubs, spas, a salon, and a pool; and a rotunda show, a Chinese zodiac-inspired ceiling.

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Institutional Ownership by Quarter for Wynn Resorts (NASDAQ:WYNN)

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