MetLife Investment Advisors LLC decreased its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 2.5% during the 1st quarter, Holdings Channel reports. The firm owned 24,182 shares of the casino operator’s stock after selling 624 shares during the period. MetLife Investment Advisors LLC’s holdings in Wynn Resorts were worth $4,410,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in WYNN. Teacher Retirement System of Texas acquired a new position in shares of Wynn Resorts during the 4th quarter worth $3,784,000. Candriam Luxembourg S.C.A. increased its stake in shares of Wynn Resorts by 14.9% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 5,413 shares of the casino operator’s stock worth $913,000 after purchasing an additional 703 shares during the last quarter. New Mexico Educational Retirement Board increased its stake in shares of Wynn Resorts by 4.1% during the 4th quarter. New Mexico Educational Retirement Board now owns 7,694 shares of the casino operator’s stock worth $1,297,000 after purchasing an additional 300 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Wynn Resorts by 103.9% during the 4th quarter. First Trust Advisors LP now owns 179,582 shares of the casino operator’s stock worth $30,276,000 after purchasing an additional 91,512 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Wynn Resorts by 6.3% during the 4th quarter. Wells Fargo & Company MN now owns 352,641 shares of the casino operator’s stock worth $59,452,000 after purchasing an additional 20,922 shares during the last quarter. Institutional investors own 76.22% of the company’s stock.

In other news, major shareholder Stephen A. Wynn sold 4,104,999 shares of the stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $180.00, for a total value of $738,899,820.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matt Maddox sold 18,450 shares of the stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $191.09, for a total transaction of $3,525,610.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,133,449 shares of company stock valued at $744,342,731. Insiders own 0.95% of the company’s stock.

Several brokerages have recently commented on WYNN. BidaskClub upgraded shares of Wynn Resorts from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 21st. Citigroup dropped their price target on shares of Wynn Resorts to $215.00 and set a “buy” rating on the stock in a research note on Monday, June 4th. ValuEngine upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Vetr lowered shares of Wynn Resorts from a “strong-buy” rating to a “buy” rating and set a $211.61 price target on the stock. in a research note on Monday, March 12th. Finally, Stifel Nicolaus increased their price target on shares of Wynn Resorts from $186.00 to $209.00 and gave the stock a “hold” rating in a research note on Wednesday, April 25th. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $199.00.

Wynn Resorts traded up $1.82, reaching $175.13, during mid-day trading on Monday, Marketbeat.com reports. The company had a trading volume of 28,644 shares, compared to its average volume of 2,708,009. The company has a debt-to-equity ratio of 11.97, a current ratio of 1.17 and a quick ratio of 1.13. Wynn Resorts, Limited has a 52 week low of $124.11 and a 52 week high of $203.63. The company has a market cap of $18.82 billion, a PE ratio of 32.22 and a beta of 1.40.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Tuesday, April 24th. The casino operator reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.32. Wynn Resorts had a net margin of 6.75% and a return on equity of 101.01%. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the prior year, the firm earned $1.24 EPS. The business’s revenue was up 20.5% on a year-over-year basis. analysts expect that Wynn Resorts, Limited will post 8.59 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 29th. Shareholders of record on Thursday, May 17th were issued a $0.75 dividend. The ex-dividend date was Wednesday, May 16th. This is an increase from Wynn Resorts’s previous quarterly dividend of $0.50. This represents a $3.00 dividend on an annualized basis and a yield of 1.71%. Wynn Resorts’s dividend payout ratio is 54.95%.

Wynn Resorts Company Profile

Wynn Resorts, Limited develops, owns, and operates destination casino resorts. As of February 15, 2018, the company's Wynn Macau segment had approximately 273,000 square feet of casino space, which offered 316 table games and 988 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel towers with a total of 1,008 guest rooms and suites; 8 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities comprising 2 health clubs, spas, a salon, and a pool; and a rotunda show, a Chinese zodiac-inspired ceiling.

Want to see what other hedge funds are holding WYNN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wynn Resorts, Limited (NASDAQ:WYNN).

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

Receive News & Ratings for Wynn Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wynn Resorts and related companies with MarketBeat.com's FREE daily email newsletter.