Wynn Resorts, Limited (NASDAQ:WYNN) Shares Acquired by American Assets Capital Advisers LLC

American Assets Capital Advisers LLC increased its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 221.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 213,001 shares of the casino operator’s stock after acquiring an additional 146,823 shares during the period. Wynn Resorts comprises 6.3% of American Assets Capital Advisers LLC’s investment portfolio, making the stock its 4th biggest position. American Assets Capital Advisers LLC owned approximately 0.19% of Wynn Resorts worth $20,423,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WYNN. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Wynn Resorts by 25.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,810 shares of the casino operator’s stock worth $1,567,000 after acquiring an additional 2,982 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in Wynn Resorts by 2.8% during the 1st quarter. Texas Permanent School Fund Corp now owns 19,706 shares of the casino operator’s stock worth $2,015,000 after purchasing an additional 531 shares in the last quarter. Sei Investments Co. raised its position in Wynn Resorts by 5.6% in the 1st quarter. Sei Investments Co. now owns 139,038 shares of the casino operator’s stock valued at $14,214,000 after purchasing an additional 7,380 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Wynn Resorts in the 1st quarter valued at about $180,000. Finally, Qsemble Capital Management LP acquired a new position in shares of Wynn Resorts during the first quarter worth about $242,000. Institutional investors and hedge funds own 68.87% of the company’s stock.

Analyst Ratings Changes

WYNN has been the subject of a number of recent research reports. Barclays decreased their price target on shares of Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. UBS Group raised shares of Wynn Resorts to a “hold” rating in a research report on Friday, August 23rd. Stifel Nicolaus dropped their target price on Wynn Resorts from $121.00 to $103.00 and set a “buy” rating on the stock in a report on Friday, September 13th. Morgan Stanley raised their price target on Wynn Resorts from $112.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company lowered their price objective on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.71.

Insiders Place Their Bets

In other news, Director Patricia Mulroy sold 2,650 shares of Wynn Resorts stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $78.73, for a total value of $208,634.50. Following the sale, the director now owns 5,689 shares of the company’s stock, valued at $447,894.97. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.52% of the stock is owned by insiders.

Wynn Resorts Trading Down 1.0 %

Shares of WYNN traded down $0.86 during mid-day trading on Tuesday, hitting $85.62. 883,082 shares of the company’s stock were exchanged, compared to its average volume of 2,175,750. Wynn Resorts, Limited has a fifty-two week low of $71.63 and a fifty-two week high of $110.38. The business’s 50 day moving average is $91.15 and its two-hundred day moving average is $88.36. The firm has a market capitalization of $9.40 billion, a P/E ratio of 10.66, a P/E/G ratio of 2.41 and a beta of 1.80.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Monday, November 4th. The casino operator reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.73 billion. Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 earnings per share. On average, equities research analysts forecast that Wynn Resorts, Limited will post 4.9 earnings per share for the current year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 1.17%. Wynn Resorts’s dividend payout ratio is currently 12.33%.

Wynn Resorts 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.