Wynn Resorts, Limited $WYNN Shares Sold by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC decreased its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 31.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,200 shares of the casino operator’s stock after selling 9,100 shares during the period. Sustainable Insight Capital Management LLC’s holdings in Wynn Resorts were worth $2,051,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in WYNN. MUFG Securities EMEA plc purchased a new position in Wynn Resorts during the second quarter worth about $25,000. Hantz Financial Services Inc. boosted its holdings in Wynn Resorts by 54.9% in the 4th quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock valued at $30,000 after purchasing an additional 89 shares in the last quarter. Cromwell Holdings LLC boosted its holdings in Wynn Resorts by 68.2% in the 4th quarter. Cromwell Holdings LLC now owns 254 shares of the casino operator’s stock valued at $31,000 after purchasing an additional 103 shares in the last quarter. SHP Wealth Management acquired a new position in Wynn Resorts during the 4th quarter worth approximately $32,000. Finally, Geneos Wealth Management Inc. increased its position in Wynn Resorts by 69.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock worth $32,000 after purchasing an additional 156 shares during the period. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on WYNN shares. Wells Fargo & Company reduced their price target on Wynn Resorts from $142.00 to $141.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Susquehanna dropped their price objective on Wynn Resorts from $133.00 to $127.00 and set a “positive” rating on the stock in a report on Thursday, April 16th. The Goldman Sachs Group set a $120.00 price objective on Wynn Resorts in a research report on Wednesday, July 15th. Morgan Stanley reissued an “overweight” rating and issued a $128.00 target price on shares of Wynn Resorts in a report on Wednesday. Finally, Barclays decreased their target price on shares of Wynn Resorts from $139.00 to $134.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $135.94.

Wynn Resorts Stock Performance

WYNN opened at $96.92 on Friday. The company has a market cap of $10.06 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 0.95 and a beta of 0.99. Wynn Resorts, Limited has a one year low of $92.52 and a one year high of $134.72. The business’s fifty day moving average is $100.21 and its two-hundred day moving average is $104.96.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Thursday, May 7th. The casino operator reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Wynn Resorts had a negative return on equity of 42.03% and a net margin of 5.14%.The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the business posted $1.07 earnings per share. On average, analysts predict that Wynn Resorts, Limited will post 4.52 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Monday, May 18th. Wynn Resorts’s dividend payout ratio is presently 29.85%.

About Wynn Resorts

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.