Zweig DiMenna Associates LLC Sells 1,650 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Zweig DiMenna Associates LLC reduced its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 95,567 shares of the casino operator’s stock after selling 1,650 shares during the period. Zweig DiMenna Associates LLC’s holdings in Wynn Resorts were worth $8,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in WYNN. Wilmington Savings Fund Society FSB purchased a new position in shares of Wynn Resorts in the third quarter valued at $31,000. Blue Trust Inc. increased its position in shares of Wynn Resorts by 556.0% during the third quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock valued at $49,000 after buying an additional 467 shares during the period. Allworth Financial LP lifted its holdings in shares of Wynn Resorts by 17.5% in the third quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock worth $86,000 after buying an additional 133 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Wynn Resorts by 703.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,028 shares of the casino operator’s stock worth $99,000 after acquiring an additional 900 shares during the period. Finally, Covestor Ltd lifted its stake in Wynn Resorts by 207.4% in the 3rd quarter. Covestor Ltd now owns 1,408 shares of the casino operator’s stock worth $135,000 after purchasing an additional 950 shares in the last quarter. Institutional investors own 88.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Wynn Resorts from $112.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company lowered their price target on shares of Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. JPMorgan Chase & Co. upped their price target on shares of Wynn Resorts from $101.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Susquehanna boosted their target price on shares of Wynn Resorts from $92.00 to $122.00 and gave the company a “positive” rating in a report on Friday, October 11th. Finally, Barclays lowered their target price on shares of Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.23.

Wynn Resorts Trading Down 0.4 %

WYNN opened at $84.78 on Friday. Wynn Resorts, Limited has a 12-month low of $71.63 and a 12-month high of $110.38. The company’s 50 day moving average is $88.77 and its 200 day moving average is $86.91. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 2.52 and a beta of 1.77.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the business earned $0.99 earnings per share. Wynn Resorts’s revenue was up 1.3% compared to the same quarter last year. As a group, analysts predict that Wynn Resorts, Limited will post 4.75 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 1.18%. Wynn Resorts’s dividend payout ratio is currently 12.33%.

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.