Handelsbanken Fonder AB lessened its position in shares of Wynn Resorts (NASDAQ:WYNN) by 21.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,000 shares of the casino operator’s stock after selling 12,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Wynn Resorts were worth $7,249,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Cibc Bank USA lifted its stake in shares of Wynn Resorts by 1.3% during the fourth quarter. Cibc Bank USA now owns 22,615 shares of the casino operator’s stock valued at $3,813,000 after acquiring an additional 295 shares during the period. New Mexico Educational Retirement Board lifted its stake in shares of Wynn Resorts by 4.1% during the fourth quarter. New Mexico Educational Retirement Board now owns 7,694 shares of the casino operator’s stock valued at $1,297,000 after acquiring an additional 300 shares during the period. Aperio Group LLC lifted its stake in shares of Wynn Resorts by 0.9% during the fourth quarter. Aperio Group LLC now owns 35,661 shares of the casino operator’s stock valued at $6,012,000 after acquiring an additional 301 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Wynn Resorts by 8.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 4,282 shares of the casino operator’s stock valued at $638,000 after acquiring an additional 337 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Wynn Resorts by 9.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,646 shares of the casino operator’s stock valued at $783,000 after acquiring an additional 384 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.
Shares of Wynn Resorts (WYNN) opened at $184.00 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.74 and a debt-to-equity ratio of 8.87. The company has a market capitalization of $18,431.96, a PE ratio of 24.15 and a beta of 1.51. Wynn Resorts has a 1 year low of $110.18 and a 1 year high of $203.63.
Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Monday, January 22nd. The casino operator reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.07. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.56 billion. Wynn Resorts had a return on equity of 100.14% and a net margin of 11.85%. Wynn Resorts’s quarterly revenue was up 29.9% on a year-over-year basis. During the same period last year, the company earned $0.50 earnings per share. research analysts forecast that Wynn Resorts will post 7.82 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Thursday, February 15th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.09%. Wynn Resorts’s payout ratio is presently 27.51%.
Several equities analysts have recently issued reports on WYNN shares. TheStreet raised Wynn Resorts from a “c+” rating to a “b-” rating in a research note on Tuesday, December 12th. Roth Capital upped their price target on Wynn Resorts from $167.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Gabelli reaffirmed a “buy” rating and set a $230.00 price target on shares of Wynn Resorts in a research note on Tuesday, January 23rd. Citigroup set a $228.00 price target on Wynn Resorts and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Finally, BidaskClub raised Wynn Resorts from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $185.80.
In related news, major shareholder Stephen A. Wynn sold 4,104,999 shares of the stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $738,899,820.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.20% of the stock is currently owned by company insiders.
TRADEMARK VIOLATION WARNING: “Wynn Resorts (WYNN) Shares Sold by Handelsbanken Fonder AB” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://ledgergazette.com/2018/03/23/wynn-resorts-wynn-shares-sold-by-handelsbanken-fonder-ab.html.
Wynn Resorts Profile
Wynn Resorts, Limited develops, 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 a total of 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.
Receive News & Ratings for Wynn Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wynn Resorts and related companies with MarketBeat.com's FREE daily email newsletter.