Mutual of America Capital Management LLC Sells 395 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Mutual of America Capital Management LLC lowered its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 3.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 11,500 shares of the casino operator’s stock after selling 395 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Wynn Resorts were worth $1,103,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Wynn Resorts during the second quarter worth about $25,000. Blue Trust Inc. lifted its holdings in Wynn Resorts by 556.0% in the 3rd quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock worth $49,000 after buying an additional 467 shares during the period. Versant Capital Management Inc purchased a new stake in Wynn Resorts in the 2nd quarter worth approximately $51,000. GAMMA Investing LLC grew its position in shares of Wynn Resorts by 25.1% in the 2nd quarter. GAMMA Investing LLC now owns 828 shares of the casino operator’s stock worth $74,000 after buying an additional 166 shares during the last quarter. Finally, Allworth Financial LP increased its stake in shares of Wynn Resorts by 17.5% during the third quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock valued at $86,000 after buying an additional 133 shares during the period. Institutional investors own 68.87% of the company’s stock.

Insider Activity

In related news, Director Patricia Mulroy sold 2,650 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $78.73, for a total value of $208,634.50. Following the completion of the transaction, the director now directly owns 5,689 shares in the company, valued at $447,894.97. The trade was a 31.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.52% of the company’s stock.

Wynn Resorts Stock Up 2.4 %

Wynn Resorts stock opened at $93.45 on Tuesday. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The company has a market capitalization of $10.26 billion, a P/E ratio of 11.52, a PEG ratio of 3.28 and a beta of 1.80. The stock’s 50 day moving average is $93.88 and its 200 day moving average is $87.99.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.11). The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.73 billion. Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. Wynn Resorts’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.99 earnings per share. As a group, equities analysts expect that Wynn Resorts, Limited will post 4.87 EPS for the current year.

Wynn Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.07%. Wynn Resorts’s dividend payout ratio is presently 12.33%.

Analyst Ratings Changes

A number of analysts recently commented on WYNN shares. Wells Fargo & Company dropped their price target on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Susquehanna raised their target price on shares of Wynn Resorts from $92.00 to $122.00 and gave the stock a “positive” rating in a research report on Friday, October 11th. UBS Group upgraded shares of Wynn Resorts to a “hold” rating in a research report on Friday, August 23rd. StockNews.com downgraded shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Finally, Stifel Nicolaus cut their price objective on Wynn Resorts from $121.00 to $103.00 and set a “buy” rating on the stock in a research report on Friday, September 13th. Four 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. According to MarketBeat, Wynn Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $115.71.

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.