Tobam lowered its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 4.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 185,946 shares of the casino operator’s stock after selling 7,870 shares during the quarter. Tobam’s holdings in Wynn Resorts were worth $23,626,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC increased its stake in shares of Wynn Resorts by 115.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 614 shares of the casino operator’s stock valued at $103,000 after purchasing an additional 329 shares during the period. North Star Investment Management Corp. acquired a new stake in shares of Wynn Resorts in the second quarter valued at approximately $122,000. Atlas Capital Advisors LLC acquired a new stake in shares of Wynn Resorts in the second quarter valued at approximately $130,000. Whittier Trust Co. increased its stake in shares of Wynn Resorts by 157.5% in the second quarter. Whittier Trust Co. now owns 811 shares of the casino operator’s stock valued at $169,000 after purchasing an additional 496 shares during the period. Finally, Dupont Capital Management Corp increased its stake in shares of Wynn Resorts by 87.9% in the second quarter. Dupont Capital Management Corp now owns 823 shares of the casino operator’s stock valued at $138,000 after purchasing an additional 385 shares during the period. Institutional investors own 74.48% of the company’s stock.

NASDAQ WYNN opened at $104.91 on Wednesday. Wynn Resorts, Limited has a 12 month low of $92.50 and a 12 month high of $203.63. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 5.65. The company has a market cap of $10.82 billion, a P/E ratio of 19.21, a P/E/G ratio of 0.75 and a beta of 1.56.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Wednesday, November 7th. The casino operator reported $1.68 EPS for the quarter, missing the Zacks’ consensus estimate of $1.69 by ($0.01). The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.67 billion. Wynn Resorts had a net margin of 8.92% and a return on equity of 56.04%. Wynn Resorts’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.52 EPS. Sell-side analysts predict that Wynn Resorts, Limited will post 6.65 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Wednesday, November 21st will be given a $0.75 dividend. The ex-dividend date is Tuesday, November 20th. This represents a $3.00 annualized dividend and a yield of 2.86%. Wynn Resorts’s dividend payout ratio (DPR) is 54.95%.

Several brokerages have commented on WYNN. Credit Suisse Group dropped their price target on shares of Wynn Resorts from $119.00 to $104.00 and set a “neutral” rating on the stock in a research note on Thursday, November 8th. Jefferies Financial Group dropped their price target on shares of Wynn Resorts from $170.00 to $114.00 and set a “hold” rating on the stock in a research note on Thursday, November 8th. Bank of America dropped their price target on shares of Wynn Resorts from $125.00 to $114.00 and set a “neutral” rating on the stock in a research note on Thursday, November 8th. Stifel Nicolaus lowered their price objective on shares of Wynn Resorts from $192.00 to $138.00 and set a “buy” rating on the stock in a research note on Thursday, November 8th. Finally, Roth Capital lowered their price objective on shares of Wynn Resorts from $210.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, November 8th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. Wynn Resorts currently has a consensus rating of “Hold” and a consensus price target of $168.11.

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Wynn Resorts Company Profile

Wynn Resorts, Limited 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 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.

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

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