American Assets Capital Advisers LLC Reduces Stake in Wynn Resorts, Limited (NASDAQ:WYNN)

American Assets Capital Advisers LLC lowered its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 12.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 187,138 shares of the casino operator’s stock after selling 25,863 shares during the period. Wynn Resorts makes up approximately 5.4% of American Assets Capital Advisers LLC’s portfolio, making the stock its 6th largest position. American Assets Capital Advisers LLC owned approximately 0.17% of Wynn Resorts worth $16,124,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC purchased a new stake in shares of Wynn Resorts during the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new position in Wynn Resorts during the third quarter valued at approximately $31,000. SBI Securities Co. Ltd. purchased a new stake in Wynn Resorts in the fourth quarter worth approximately $36,000. Spire Wealth Management grew its position in Wynn Resorts by 116.4% in the 4th quarter. Spire Wealth Management now owns 435 shares of the casino operator’s stock worth $37,000 after purchasing an additional 234 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in Wynn Resorts by 15.0% during the 4th quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator’s stock valued at $81,000 after buying an additional 122 shares during the last quarter. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Philip G. Satre purchased 22,200 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was acquired at an average price of $92.18 per share, for a total transaction of $2,046,396.00. Following the acquisition, the director now directly owns 34,195 shares of the company’s stock, valued at $3,152,095.10. This represents a 185.08 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Wynn Resorts Stock Up 3.5 %

NASDAQ WYNN opened at $86.18 on Friday. The business has a 50-day moving average price of $85.47 and a 200-day moving average price of $88.63. The firm has a market cap of $9.17 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 2.35 and a beta of 1.77. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share for the quarter, topping the consensus estimate of $1.27 by $1.15. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.78 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. Research analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were issued a $0.25 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. Wynn Resorts’s dividend payout ratio is currently 23.75%.

Analysts Set New Price Targets

Several analysts recently commented on WYNN shares. Macquarie reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of Wynn Resorts in a report on Friday, February 14th. Mizuho boosted their price target on Wynn Resorts from $118.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Barclays increased their price objective on shares of Wynn Resorts from $115.00 to $116.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Stifel Nicolaus boosted their target price on shares of Wynn Resorts from $123.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating and increased their price target for the stock from $105.00 to $118.00 in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $119.58.

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.