Securian Asset Management Inc. Sells 100 Shares of Wynn Resorts, Limited $WYNN

Securian Asset Management Inc. lowered its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,572 shares of the casino operator’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in Wynn Resorts were worth $428,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. AlphaQuest LLC bought a new position in shares of Wynn Resorts in the first quarter worth about $25,000. Dagco Inc. bought a new position in shares of Wynn Resorts in the first quarter worth about $25,000. Geneos Wealth Management Inc. raised its stake in shares of Wynn Resorts by 69.0% in the first quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock worth $32,000 after buying an additional 156 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Wynn Resorts in the second quarter worth about $43,000. Finally, Mather Group LLC. raised its stake in shares of Wynn Resorts by 32.7% in the first quarter. Mather Group LLC. now owns 896 shares of the casino operator’s stock worth $75,000 after buying an additional 221 shares during the period. Institutional investors own 88.64% of the company’s stock.

Insiders Place Their Bets

In related news, Director Patricia Mulroy sold 4,438 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $125.00, for a total value of $554,750.00. Following the sale, the director owned 3,066 shares in the company, valued at approximately $383,250. The trade was a 59.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on WYNN shares. The Goldman Sachs Group raised their price objective on Wynn Resorts from $124.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Mizuho raised their price objective on Wynn Resorts from $122.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday, August 11th. Barclays increased their target price on Wynn Resorts from $101.00 to $127.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Argus upgraded Wynn Resorts from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research report on Wednesday, September 3rd. Finally, Morgan Stanley increased their target price on Wynn Resorts from $113.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, September 11th. Thirteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.64.

Wynn Resorts Price Performance

NASDAQ WYNN opened at $125.57 on Friday. Wynn Resorts, Limited has a 1-year low of $65.25 and a 1-year high of $134.23. The business has a 50 day simple moving average of $122.42 and a two-hundred day simple moving average of $103.65. The stock 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 (NASDAQ:WYNN) last released its quarterly earnings data on Thursday, August 7th. The casino operator reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.11). Wynn Resorts had a negative return on equity of 56.78% and a net margin of 5.51%.The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the firm earned $1.12 EPS. The business’s revenue was up .6% compared to the same quarter last year. On average, analysts anticipate that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

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

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.