State Board of Administration of Florida Retirement System lowered its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 1.6% during the 4th quarter, HoldingsChannel reports. The firm owned 133,904 shares of the casino operator’s stock after selling 2,224 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Wynn Resorts were worth $13,244,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Crossmark Global Holdings Inc. increased its position in Wynn Resorts by 7.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 3,521 shares of the casino operator’s stock worth $348,000 after purchasing an additional 259 shares during the last quarter. Sigma Planning Corp bought a new stake in Wynn Resorts in the fourth quarter worth $441,000. Exane Derivatives increased its position in Wynn Resorts by 32.0% in the fourth quarter. Exane Derivatives now owns 14,186 shares of the casino operator’s stock worth $1,403,000 after purchasing an additional 3,440 shares during the last quarter. Handelsbanken Fonder AB increased its position in Wynn Resorts by 53.6% in the fourth quarter. Handelsbanken Fonder AB now owns 102,420 shares of the casino operator’s stock worth $10,130,000 after purchasing an additional 35,720 shares during the last quarter. Finally, Banque Pictet & Cie SA increased its position in Wynn Resorts by 57.2% in the fourth quarter. Banque Pictet & Cie SA now owns 69,132 shares of the casino operator’s stock worth $6,838,000 after purchasing an additional 25,156 shares during the last quarter. 76.13% of the stock is currently owned by institutional investors and hedge funds.

WYNN stock traded down $1.41 during mid-day trading on Monday, reaching $123.80. 21,488 shares of the stock traded hands, compared to its average volume of 2,290,164. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 5.65. Wynn Resorts, Limited has a one year low of $90.06 and a one year high of $202.48. The stock has a market capitalization of $13.60 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 2.07 and a beta of 1.73.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Wednesday, January 30th. The casino operator reported $1.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.36 by ($0.30). Wynn Resorts had a net margin of 8.70% and a return on equity of 50.79%. The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the firm earned $1.40 EPS. The company’s revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts expect that Wynn Resorts, Limited will post 6.06 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 26th. Shareholders of record on Friday, February 15th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Thursday, February 14th. Wynn Resorts’s dividend payout ratio (DPR) is 45.87%.

Several equities research analysts recently weighed in on the stock. Roth Capital restated a “buy” rating and issued a $135.00 price target (down previously from $140.00) on shares of Wynn Resorts in a research report on Thursday, January 31st. Nomura restated a “buy” rating and issued a $145.00 price target (up previously from $132.00) on shares of Wynn Resorts in a research report on Thursday, January 31st. Morgan Stanley restated an “equal weight” rating and issued a $122.00 price target (up previously from $121.00) on shares of Wynn Resorts in a research report on Thursday, January 31st. Macquarie restated a “neutral” rating and issued a $121.00 price target (up previously from $116.00) on shares of Wynn Resorts in a research report on Thursday, January 31st. Finally, Zacks Investment Research cut shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $148.50.

In other news, CEO Matt Maddox sold 18,900 shares of the company’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $124.15, for a total value of $2,346,435.00. Following the transaction, the chief executive officer now directly owns 487,399 shares in the company, valued at $60,510,585.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Philip G. Satre purchased 9,800 shares of the business’s stock in a transaction dated Tuesday, November 13th. The stock was bought at an average price of $103.01 per share, for a total transaction of $1,009,498.00. Following the completion of the acquisition, the director now owns 100 shares of the company’s stock, valued at approximately $10,301. The disclosure for this purchase can be found here. Insiders own 0.95% of the company’s stock.

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Wynn Resorts 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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