DekaBank Deutsche Girozentrale Has $1.17 Million Position in Wynn Resorts, Limited $WYNN

DekaBank Deutsche Girozentrale raised its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 1.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 12,356 shares of the casino operator’s stock after purchasing an additional 127 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Wynn Resorts were worth $1,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WYNN. GAMMA Investing LLC grew its holdings in Wynn Resorts by 10.6% in the 1st quarter. GAMMA Investing LLC now owns 3,191 shares of the casino operator’s stock valued at $266,000 after buying an additional 306 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Wynn Resorts by 21.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 23,738 shares of the casino operator’s stock valued at $1,982,000 after buying an additional 4,134 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in Wynn Resorts by 11.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 40,324 shares of the casino operator’s stock valued at $3,367,000 after buying an additional 4,015 shares in the last quarter. Bessemer Group Inc. grew its holdings in Wynn Resorts by 49.0% in the 1st quarter. Bessemer Group Inc. now owns 994 shares of the casino operator’s stock valued at $83,000 after buying an additional 327 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its holdings in Wynn Resorts by 61.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 13,971 shares of the casino operator’s stock valued at $1,167,000 after buying an additional 5,342 shares in the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds.

Wynn Resorts Trading Up 0.1%

Wynn Resorts stock opened at $125.57 on Monday. The company has a market capitalization of $13.06 billion, a PE ratio of 37.71, a P/E/G ratio of 5.13 and a beta of 1.31. Wynn Resorts, Limited has a 12 month low of $65.25 and a 12 month high of $134.23. The stock has a 50-day moving average price of $122.42 and a two-hundred day moving average price of $104.10.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Thursday, August 7th. The casino operator reported $1.09 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.11). The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.74 billion. Wynn Resorts had a net margin of 5.51% and a negative return on equity of 56.78%. Wynn Resorts’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.12 earnings per share. As a group, analysts predict that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.00 annualized dividend and a yield of 0.8%. Wynn Resorts’s dividend payout ratio (DPR) is currently 30.03%.

Insider Buying and Selling

In related news, Director Patricia Mulroy sold 4,438 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $125.00, for a total transaction of $554,750.00. Following the completion of the sale, the director owned 3,066 shares of the company’s stock, valued at $383,250. This trade represents a 59.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.52% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on WYNN. Citigroup reaffirmed a “neutral” rating and issued a $114.00 price objective (up from $108.00) on shares of Wynn Resorts in a report on Wednesday, July 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Wynn Resorts in a research report on Tuesday, October 14th. Stifel Nicolaus upped their target price on Wynn Resorts from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Mizuho upped their target price on Wynn Resorts from $122.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 11th. Finally, The Goldman Sachs Group upped their target price on Wynn Resorts from $124.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Thirteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.64.

Wynn Resorts Company 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.