Cambridge Investment Research Advisors Inc. reduced its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 22.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,061 shares of the casino operator’s stock after selling 2,921 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Wynn Resorts were worth $1,278,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its position in shares of Wynn Resorts by 115.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 614 shares of the casino operator’s stock valued at $103,000 after buying an additional 329 shares in the last quarter. North Star Investment Management Corp. purchased a new position in shares of Wynn Resorts during the 2nd quarter valued at about $122,000. Atlas Capital Advisors LLC purchased a new position in shares of Wynn Resorts during the 2nd quarter valued at about $130,000. Dupont Capital Management Corp lifted its position in shares of Wynn Resorts by 87.9% during the 2nd quarter. Dupont Capital Management Corp now owns 823 shares of the casino operator’s stock valued at $138,000 after buying an additional 385 shares in the last quarter. Finally, Whittier Trust Co. lifted its position in shares of Wynn Resorts by 157.5% during the 2nd quarter. Whittier Trust Co. now owns 811 shares of the casino operator’s stock valued at $169,000 after buying an additional 496 shares in the last quarter. 71.48% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:WYNN opened at $100.95 on Wednesday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 1.11 and a current ratio of 1.14. Wynn Resorts, Limited has a 1 year low of $92.50 and a 1 year high of $203.63. The company has a market capitalization of $11.72 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 0.81 and a beta of 1.56.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Wednesday, November 7th. The casino operator reported $1.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.69 by ($0.01). Wynn Resorts had a return on equity of 56.04% and a net margin of 8.92%. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the firm earned $1.52 EPS. The business’s revenue was up 10.2% compared to the same quarter last year. On average, equities analysts expect that Wynn Resorts, Limited will post 6.65 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Wednesday, November 21st will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Tuesday, November 20th. Wynn Resorts’s payout ratio is 54.95%.

In other news, Director Philip G. Satre acquired 9,800 shares of Wynn Resorts stock in a transaction on Tuesday, November 13th. The shares were acquired at an average price of $103.01 per share, with a total value of $1,009,498.00. Following the purchase, the director now directly owns 100 shares in the company, valued at approximately $10,301. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.95% of the company’s stock.

Several analysts recently issued reports on the company. BidaskClub downgraded Wynn Resorts from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 29th. ValuEngine downgraded Wynn Resorts from a “sell” rating to a “strong sell” rating in a research note on Friday, September 7th. Sanford C. Bernstein assumed coverage on Wynn Resorts in a research note on Thursday, November 15th. They set an “outperform” rating on the stock. Jefferies Financial Group decreased their target price on Wynn Resorts from $170.00 to $114.00 and set a “hold” rating on the stock in a research note on Thursday, November 8th. Finally, Bank of America reissued a “hold” rating and set a $125.00 target price on shares of Wynn Resorts in a research note on Tuesday, October 16th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $168.11.

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About Wynn Resorts

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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