Aviva PLC Has $6.34 Million Stake in Wynn Resorts, Limited (WYNN)

Aviva PLC lessened its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 1.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,870 shares of the casino operator’s stock after selling 787 shares during the period. Aviva PLC’s holdings in Wynn Resorts were worth $6,336,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of WYNN. Dupont Capital Management Corp lifted its stake in shares of Wynn Resorts by 87.9% in the second quarter. Dupont Capital Management Corp now owns 823 shares of the casino operator’s stock worth $138,000 after buying an additional 385 shares in the last quarter. Crewe Advisors LLC lifted its stake in shares of Wynn Resorts by 100.0% in the second quarter. Crewe Advisors LLC now owns 1,000 shares of the casino operator’s stock worth $175,000 after buying an additional 500 shares in the last quarter. Sun Life Financial INC lifted its stake in shares of Wynn Resorts by 380.5% in the second quarter. Sun Life Financial INC now owns 1,057 shares of the casino operator’s stock worth $177,000 after buying an additional 837 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of Wynn Resorts in the second quarter worth approximately $201,000. Finally, North Star Investment Management Corp. raised its holdings in shares of Wynn Resorts by 118.6% during the third quarter. North Star Investment Management Corp. now owns 1,600 shares of the casino operator’s stock valued at $203,000 after purchasing an additional 868 shares during the last quarter. Hedge funds and other institutional investors own 75.08% of the company’s stock.

In other Wynn Resorts news, Director Philip G. Satre bought 9,800 shares of Wynn Resorts stock in a transaction on Tuesday, November 13th. The stock was acquired at an average cost of $103.01 per share, with a total value of $1,009,498.00. Following the completion of the acquisition, the director now owns 100 shares in the company, valued at $10,301. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.95% of the stock is currently owned by corporate insiders.

Several research analysts have recently weighed in on WYNN shares. BidaskClub cut shares of Wynn Resorts from a “hold” rating to a “sell” rating in a report on Friday, August 17th. Jefferies Financial Group cut shares of Wynn Resorts from a “buy” rating to a “hold” rating and set a $170.00 price objective for the company. in a report on Tuesday, August 14th. Sanford C. Bernstein started coverage on shares of Wynn Resorts in a report on Thursday, November 15th. They set an “outperform” rating for the company. ValuEngine raised shares of Wynn Resorts from a “strong sell” rating to a “sell” rating in a report on Monday, November 26th. Finally, Morgan Stanley reissued a “hold” rating on shares of Wynn Resorts in a report on Monday. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $168.11.

Shares of WYNN stock opened at $112.41 on Friday. Wynn Resorts, Limited has a 12 month low of $92.50 and a 12 month high of $203.63. The company has a market cap of $12.00 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 0.83 and a beta of 1.59. The company has a debt-to-equity ratio of 5.65, a current ratio of 1.14 and a quick ratio of 1.11.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Wednesday, November 7th. The casino operator reported $1.68 EPS for the quarter, missing the Zacks’ consensus estimate of $1.69 by ($0.01). Wynn Resorts had a net margin of 8.92% and a return on equity of 56.04%. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the prior year, the company posted $1.52 earnings per share. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, research analysts predict that Wynn Resorts, Limited will post 6.68 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Wednesday, November 21st were issued a dividend of $0.75 per share. The ex-dividend date was Tuesday, November 20th. This represents a $3.00 dividend on an annualized basis and a yield of 2.67%. Wynn Resorts’s dividend payout ratio is currently 54.95%.

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About Wynn Resorts

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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