Victory Capital Management Inc. lowered its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 470,694 shares of the casino operator’s stock after selling 9,246 shares during the period. Victory Capital Management Inc. owned 0.46% of Wynn Resorts, Limited worth $70,096,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Sunbelt Securities Inc. lifted its holdings in Wynn Resorts, Limited by 0.4% during the second quarter. Sunbelt Securities Inc. now owns 2,050 shares of the casino operator’s stock worth $275,000 after buying an additional 8 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Wynn Resorts, Limited by 0.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,932 shares of the casino operator’s stock worth $796,000 after buying an additional 35 shares during the period. Xact Kapitalforvaltning AB lifted its holdings in Wynn Resorts, Limited by 0.6% during the second quarter. Xact Kapitalforvaltning AB now owns 6,367 shares of the casino operator’s stock worth $854,000 after buying an additional 39 shares during the period. Cookson Peirce & Co. Inc. lifted its holdings in Wynn Resorts, Limited by 1.3% during the second quarter. Cookson Peirce & Co. Inc. now owns 3,230 shares of the casino operator’s stock worth $433,000 after buying an additional 40 shares during the period. Finally, Global X Management Co. LLC lifted its holdings in Wynn Resorts, Limited by 2.1% during the second quarter. Global X Management Co. LLC now owns 2,127 shares of the casino operator’s stock worth $285,000 after buying an additional 43 shares during the period. Institutional investors own 70.78% of the company’s stock.

WYNN has been the subject of a number of analyst reports. Sanford C. Bernstein restated an “outperform” rating on shares of Wynn Resorts, Limited in a report on Wednesday, July 12th. Stifel Nicolaus upped their target price on Wynn Resorts, Limited from $134.00 to $153.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Telsey Advisory Group lowered Wynn Resorts, Limited from an “outperform” rating to a “market perform” rating and set a $150.00 target price for the company. in a report on Wednesday, July 26th. Vetr upgraded Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $146.26 target price for the company in a report on Friday, July 14th. Finally, Morgan Stanley restated an “overweight” rating and set a $151.00 target price (up previously from $133.00) on shares of Wynn Resorts, Limited in a report on Monday, July 10th. Eleven investment 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. The company presently has a consensus rating of “Buy” and a consensus target price of $148.11.

In other news, EVP Kimmarie Sinatra sold 21,451 shares of Wynn Resorts, Limited stock in a transaction on Friday, September 15th. The stock was sold at an average price of $143.62, for a total transaction of $3,080,792.62. Following the completion of the sale, the executive vice president now owns 223,443 shares of the company’s stock, valued at $32,090,883.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Matt Maddox sold 42,900 shares of Wynn Resorts, Limited stock in a transaction on Friday, September 15th. The stock was sold at an average price of $143.44, for a total value of $6,153,576.00. Following the sale, the president now directly owns 350,586 shares of the company’s stock, valued at approximately $50,288,055.84. The disclosure for this sale can be found here. 13.20% of the stock is currently owned by company insiders.

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Shares of Wynn Resorts, Limited (WYNN) opened at $150.09 on Friday. The company has a debt-to-equity ratio of 27.41, a quick ratio of 1.92 and a current ratio of 1.97. Wynn Resorts, Limited has a 12-month low of $82.51 and a 12-month high of $153.56. The firm has a market capitalization of $15.39 billion, a PE ratio of 33.79 and a beta of 1.72.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its quarterly earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.24. Wynn Resorts, Limited had a return on equity of 140.73% and a net margin of 6.24%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter last year, the firm posted $0.74 EPS. The company’s quarterly revenue was up 45.3% on a year-over-year basis. equities analysts anticipate that Wynn Resorts, Limited will post 5.34 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Thursday, November 16th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Wednesday, November 15th. Wynn Resorts, Limited’s dividend payout ratio is currently 55.40%.

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

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