Citigroup Inc. Sells 33,187 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Citigroup Inc. decreased its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 23.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 111,295 shares of the casino operator’s stock after selling 33,187 shares during the period. Citigroup Inc. owned approximately 0.10% of Wynn Resorts worth $10,671,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in WYNN. Renaissance Technologies LLC increased its stake in Wynn Resorts by 29.1% in the second quarter. Renaissance Technologies LLC now owns 1,345,100 shares of the casino operator’s stock valued at $120,386,000 after purchasing an additional 303,033 shares in the last quarter. Regal Partners Ltd lifted its holdings in Wynn Resorts by 24.0% during the third quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator’s stock worth $86,168,000 after acquiring an additional 174,005 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in Wynn Resorts in the third quarter valued at about $58,486,000. Bank of New York Mellon Corp increased its holdings in shares of Wynn Resorts by 4.3% in the second quarter. Bank of New York Mellon Corp now owns 568,686 shares of the casino operator’s stock worth $50,897,000 after acquiring an additional 23,314 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Wynn Resorts by 62.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 418,070 shares of the casino operator’s stock valued at $40,085,000 after purchasing an additional 160,533 shares in the last quarter. Institutional investors and hedge funds own 68.87% of the company’s stock.

Wynn Resorts Stock Down 0.2 %

WYNN opened at $91.67 on Friday. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 3.30 and a beta of 1.80. Wynn Resorts, Limited has a 12-month low of $71.63 and a 12-month high of $110.38. The business has a 50 day moving average of $94.38 and a 200-day moving average of $87.98.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Monday, November 4th. The casino operator reported $0.90 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.11). The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. Wynn Resorts’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 earnings per share. As a group, analysts expect that Wynn Resorts, Limited will post 4.87 earnings per share for the current year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Friday, November 15th. Wynn Resorts’s dividend payout ratio is presently 12.33%.

Insider Activity

In other Wynn Resorts news, Director Patricia Mulroy sold 2,650 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $78.73, for a total value of $208,634.50. Following the transaction, the director now directly owns 5,689 shares of the company’s stock, valued at $447,894.97. This represents a 31.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Barclays cut their price objective on shares of Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Wells Fargo & Company lowered their target price on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. UBS Group upgraded Wynn Resorts to a “hold” rating in a report on Friday, August 23rd. Finally, Susquehanna increased their price objective on Wynn Resorts from $92.00 to $122.00 and gave the stock a “positive” rating in a report on Friday, October 11th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Wynn Resorts currently has an average rating of “Moderate Buy” and an average target price of $115.71.

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.