Public Employees Retirement System of Ohio Sells 1,070 Shares of Wynn Resorts, Limited (WYNN)
Public Employees Retirement System of Ohio cut its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,455 shares of the casino operator’s stock after selling 1,070 shares during the period. Public Employees Retirement System of Ohio’s holdings in Wynn Resorts were worth $6,769,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of WYNN. First Personal Financial Services grew its position in shares of Wynn Resorts by 102.9% during the third quarter. First Personal Financial Services now owns 710 shares of the casino operator’s stock worth $106,000 after buying an additional 360 shares in the last quarter. Hanseatic Management Services Inc. grew its position in shares of Wynn Resorts by 808.1% during the second quarter. Hanseatic Management Services Inc. now owns 1,462 shares of the casino operator’s stock worth $196,000 after buying an additional 1,301 shares in the last quarter. Meridian Investment Counsel Inc. acquired a new position in shares of Wynn Resorts during the second quarter worth about $201,000. Sun Life Financial INC grew its position in shares of Wynn Resorts by 30,080.0% during the second quarter. Sun Life Financial INC now owns 1,509 shares of the casino operator’s stock worth $203,000 after buying an additional 1,504 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Wynn Resorts by 111.0% during the second quarter. SG Americas Securities LLC now owns 1,656 shares of the casino operator’s stock worth $222,000 after buying an additional 16,694 shares in the last quarter. Institutional investors own 71.95% of the company’s stock.
In other news, President Matt Maddox sold 59,260 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $155.12, for a total value of $9,192,411.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alvin V. Shoemaker sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $151.74, for a total value of $2,276,100.00. Following the completion of the sale, the director now directly owns 19,162 shares of the company’s stock, valued at $2,907,641.88. The disclosure for this sale can be found here. Insiders sold 95,055 shares of company stock valued at $14,629,975 over the last three months. Corporate insiders own 13.20% of the company’s stock.
Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Thursday, October 26th. The casino operator reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.24. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.56 billion. Wynn Resorts had a return on equity of 132.96% and a net margin of 6.24%. The company’s revenue was up 45.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 earnings per share. equities analysts anticipate that Wynn Resorts, Limited will post 5.36 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Thursday, November 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Wednesday, November 15th. Wynn Resorts’s payout ratio is currently 55.25%.
WYNN has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price objective on Wynn Resorts from $134.00 to $153.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Deutsche Bank reissued a “buy” rating and set a $167.00 price objective on shares of Wynn Resorts in a research report on Tuesday, November 21st. Morgan Stanley reissued a “hold” rating and set a $151.00 price objective (down from $158.00) on shares of Wynn Resorts in a research report on Thursday, October 12th. Citigroup boosted their price objective on Wynn Resorts to $161.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. Finally, Telsey Advisory Group upped their price target on Wynn Resorts from $157.00 to $160.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Wynn Resorts currently has a consensus rating of “Buy” and a consensus target price of $150.05.
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Wynn Resorts 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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