Hanseatic Management Services Inc. Increases Position in Wynn Resorts, Limited (WYNN)

Hanseatic Management Services Inc. lifted its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 225.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,755 shares of the casino operator’s stock after purchasing an additional 3,293 shares during the period. Hanseatic Management Services Inc.’s holdings in Wynn Resorts, Limited were worth $708,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Monetta Financial Services Inc. purchased a new stake in shares of Wynn Resorts, Limited in the second quarter valued at approximately $1,542,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Wynn Resorts, Limited by 28.6% in the second quarter. Public Employees Retirement System of Ohio now owns 46,525 shares of the casino operator’s stock valued at $6,240,000 after purchasing an additional 10,335 shares during the period. Toronto Dominion Bank boosted its holdings in shares of Wynn Resorts, Limited by 26.0% in the second quarter. Toronto Dominion Bank now owns 27,068 shares of the casino operator’s stock valued at $3,629,000 after purchasing an additional 5,593 shares during the period. Gotham Asset Management LLC purchased a new stake in shares of Wynn Resorts, Limited in the second quarter valued at approximately $528,000. Finally, Maverick Capital Ltd. boosted its holdings in shares of Wynn Resorts, Limited by 36.9% in the second quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator’s stock valued at $169,024,000 after purchasing an additional 339,550 shares during the period. Hedge funds and other institutional investors own 70.67% of the company’s stock.

Wynn Resorts, Limited (NASDAQ:WYNN) traded down $2.58 during midday trading on Wednesday, hitting $151.02. The company had a trading volume of 719,810 shares, compared to its average volume of 2,094,015. The company has a debt-to-equity ratio of 24.54, a quick ratio of 1.68 and a current ratio of 1.72. Wynn Resorts, Limited has a 52-week low of $84.88 and a 52-week high of $156.40. The firm has a market cap of $15,955.96, a P/E ratio of 34.96 and a beta of 1.72.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.24. Wynn Resorts, Limited had a return on equity of 132.96% and a net margin of 6.24%. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the firm earned $0.74 EPS. The firm’s revenue was up 45.3% on a year-over-year basis. sell-side analysts predict that Wynn Resorts, Limited will post 5.34 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Thursday, November 16th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Wednesday, November 15th. Wynn Resorts, Limited’s payout ratio is 55.25%.

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In related news, EVP Kimmarie Sinatra sold 20,795 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $152.03, for a total value of $3,161,463.85. Following the transaction, the executive vice president now directly owns 226,992 shares of the company’s stock, valued at approximately $34,509,593.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Alvin V. Shoemaker sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $151.74, for a total value of $2,276,100.00. Following the completion of the transaction, the director now directly owns 19,162 shares in the company, valued at $2,907,641.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 100,146 shares of company stock worth $14,671,932. 13.20% of the stock is owned by insiders.

WYNN has been the subject of a number of research reports. BidaskClub lowered Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Bank of America Corporation reiterated a “neutral” rating and issued a $140.00 price target (up previously from $135.00) on shares of Wynn Resorts, Limited in a report on Friday, July 21st. Telsey Advisory Group lowered Wynn Resorts, Limited from an “outperform” rating to a “market perform” rating and set a $150.00 price target for the company. in a report on Wednesday, July 26th. Union Gaming Research reiterated a “hold” rating on shares of Wynn Resorts, Limited in a report on Wednesday, July 26th. Finally, UBS AG lowered Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Eleven 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 stock. Wynn Resorts, Limited currently has an average rating of “Buy” and an average price target of $148.11.

About Wynn Resorts, Limited

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.

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

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