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

Sustainable Insight Capital Management LLC lowered its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 31.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,200 shares of the casino operator’s stock after selling 9,100 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in Wynn Resorts were worth $2,051,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. MUFG Securities EMEA plc purchased a new position in Wynn Resorts during the second quarter worth $25,000. Hantz Financial Services Inc. lifted its position in shares of Wynn Resorts by 54.9% in the fourth quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock valued at $30,000 after acquiring an additional 89 shares in the last quarter. Cromwell Holdings LLC lifted its position in shares of Wynn Resorts by 68.2% in the fourth quarter. Cromwell Holdings LLC now owns 254 shares of the casino operator’s stock valued at $31,000 after acquiring an additional 103 shares in the last quarter. SHP Wealth Management acquired a new stake in shares of Wynn Resorts during the fourth quarter valued at $32,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Wynn Resorts by 69.0% during the first quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock valued at $32,000 after acquiring an additional 156 shares during the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wynn Resorts Trading Up 0.2%

Wynn Resorts stock opened at $96.92 on Friday. The firm has a market capitalization of $10.06 billion, a P/E ratio of 28.93, a PEG ratio of 0.95 and a beta of 0.99. The stock has a fifty day moving average price of $100.21 and a 200 day moving average price of $104.96. Wynn Resorts, Limited has a 52 week low of $92.52 and a 52 week high of $134.72.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Thursday, May 7th. The casino operator reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. Wynn Resorts had a negative return on equity of 42.03% and a net margin of 5.14%.The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the business posted $1.07 earnings per share. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, equities analysts predict that Wynn Resorts, Limited will post 4.52 EPS for the current year.

Wynn Resorts Dividend Announcement

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

Wall Street Analyst Weigh In

WYNN has been the subject of several analyst reports. Citigroup cut their target price on shares of Wynn Resorts from $145.00 to $132.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Susquehanna decreased their price target on shares of Wynn Resorts from $133.00 to $127.00 and set a “positive” rating on the stock in a research note on Thursday, April 16th. Wells Fargo & Company lowered their price target on shares of Wynn Resorts from $142.00 to $141.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Mizuho cut their price objective on shares of Wynn Resorts from $134.00 to $133.00 and set an “outperform” rating for the company in a research report on Tuesday, May 12th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $128.00 price objective on shares of Wynn Resorts in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Wynn Resorts currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.94.

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.