American Assets Capital Advisers acquired a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the second quarter, Holdings Channel reports. The fund acquired 80,000 shares of the casino operator’s stock, valued at approximately $10,621,000. Wynn Resorts, Limited comprises 4.4% of American Assets Capital Advisers’ portfolio, making the stock its 9th largest position.

Several other institutional investors have also recently added to or reduced their stakes in WYNN. Dimensional Fund Advisors LP boosted its position in Wynn Resorts, Limited by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 180,152 shares of the casino operator’s stock worth $15,587,000 after buying an additional 1,516 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Wynn Resorts, Limited by 6.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,760 shares of the casino operator’s stock worth $239,000 after buying an additional 160 shares during the last quarter. Teachers Advisors LLC boosted its position in Wynn Resorts, Limited by 6.2% in the fourth quarter. Teachers Advisors LLC now owns 88,872 shares of the casino operator’s stock worth $7,688,000 after buying an additional 5,198 shares during the last quarter. Kentucky Retirement Systems purchased a new position in Wynn Resorts, Limited during the fourth quarter worth about $498,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Wynn Resorts, Limited during the fourth quarter worth about $222,000. Hedge funds and other institutional investors own 75.06% of the company’s stock.

Wynn Resorts, Limited (NASDAQ WYNN) opened at 127.51 on Monday. The stock has a 50 day moving average of $133.80 and a 200 day moving average of $117.30. The company has a market cap of $13.00 billion, a P/E ratio of 47.72 and a beta of 1.72. Wynn Resorts, Limited has a 52 week low of $82.51 and a 52 week high of $139.67.

Wynn Resorts, Limited (NASDAQ:WYNN) last posted its earnings results on Tuesday, July 25th. The casino operator reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.47 billion. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 205.76%. The company’s revenue for the quarter was up 44.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 EPS. On average, analysts expect that Wynn Resorts, Limited will post $4.92 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Stockholders of record on Thursday, August 10th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Tuesday, August 8th. Wynn Resorts, Limited’s payout ratio is currently 74.91%.

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A number of equities analysts have issued reports on WYNN shares. Zacks Investment Research upgraded shares of Wynn Resorts, Limited from a “strong sell” rating to a “buy” rating and set a $131.00 price objective on the stock in a research report on Monday, April 10th. Vetr cut shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating and set a $119.59 price objective on the stock. in a research report on Monday, April 10th. UBS AG restated a “buy” rating on shares of Wynn Resorts, Limited in a research report on Tuesday, April 11th. Wells Fargo & Company restated a “neutral” rating on shares of Wynn Resorts, Limited in a research report on Wednesday, April 19th. Finally, Susquehanna Bancshares Inc restated a “neutral” rating on shares of Wynn Resorts, Limited in a research report on Thursday, April 20th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $125.62.

In other news, President Matt Maddox sold 44,309 shares of Wynn Resorts, Limited stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $134.35, for a total value of $5,952,914.15. Following the transaction, the president now owns 344,895 shares of the company’s stock, valued at approximately $46,336,643.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Patricia Mulroy sold 2,226 shares of Wynn Resorts, Limited stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $128.08, for a total transaction of $285,106.08. Following the completion of the transaction, the director now directly owns 8,011 shares in the company, valued at approximately $1,026,048.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,309 shares of company stock worth $9,693,891. Insiders own 13.20% of the company’s stock.

Wynn Resorts, Limited Company Profile

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.

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Institutional Ownership by Quarter for Wynn Resorts, Limited (NASDAQ:WYNN)

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