Allianz Asset Management GmbH cut its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 46.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,362 shares of the casino operator’s stock after selling 44,168 shares during the quarter. Allianz Asset Management GmbH’s holdings in Wynn Resorts were worth $7,500,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Sunbelt Securities Inc. increased its holdings in shares of Wynn Resorts by 0.4% during the second quarter. Sunbelt Securities Inc. now owns 2,050 shares of the casino operator’s stock valued at $275,000 after acquiring an additional 8 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Wynn Resorts by 0.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,932 shares of the casino operator’s stock valued at $796,000 after buying an additional 35 shares in the last quarter. Cookson Peirce & Co. Inc. raised its stake in Wynn Resorts by 1.3% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 3,230 shares of the casino operator’s stock valued at $433,000 after purchasing an additional 40 shares during the last quarter. Global X Management Co. LLC raised its stake in Wynn Resorts by 2.1% in the 2nd quarter. Global X Management Co. LLC now owns 2,127 shares of the casino operator’s stock valued at $285,000 after purchasing an additional 43 shares during the last quarter. Finally, Utah Retirement Systems raised its stake in Wynn Resorts by 0.7% in the 2nd quarter. Utah Retirement Systems now owns 14,683 shares of the casino operator’s stock valued at $1,969,000 after purchasing an additional 100 shares during the last quarter. 71.95% of the stock is owned by institutional investors.

Wynn Resorts, Limited (NASDAQ WYNN) opened at $165.13 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 1.68 and a debt-to-equity ratio of 24.54. Wynn Resorts, Limited has a 1-year low of $85.57 and a 1-year high of $166.83. The company has a market capitalization of $17,064.98, a P/E ratio of 37.39 and a beta of 1.73.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Thursday, October 26th. The casino operator reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.24. Wynn Resorts had a return on equity of 132.96% and a net margin of 6.24%. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter last year, the business posted $0.74 EPS. Wynn Resorts’s quarterly revenue was up 45.3% compared to the same quarter last year. sell-side analysts expect that Wynn Resorts, Limited will post 5.34 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Thursday, November 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Wednesday, November 15th. Wynn Resorts’s payout ratio is 55.25%.

A number of analysts have issued reports on WYNN shares. Deutsche Bank reaffirmed a “buy” rating and issued a $167.00 target price on shares of Wynn Resorts in a research note on Tuesday, November 21st. Morgan Stanley lifted their price target on Wynn Resorts from $151.00 to $158.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. UBS reaffirmed a “buy” rating and set a $174.00 price target (up previously from $149.00) on shares of Wynn Resorts in a research report on Friday, September 29th. TheStreet lowered Wynn Resorts from a “b-” rating to a “c+” rating in a research report on Friday, October 13th. Finally, Telsey Advisory Group boosted their target price on Wynn Resorts from $157.00 to $160.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $150.05.

In other news, Director Alvin V. Shoemaker sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $151.74, for a total transaction of $2,276,100.00. Following the sale, the director now directly owns 19,162 shares in the company, valued at approximately $2,907,641.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Matt Maddox sold 59,260 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $155.12, for a total value of $9,192,411.20. The disclosure for this sale can be found here. Insiders have sold a total of 95,055 shares of company stock worth $14,629,975 over the last quarter. Insiders own 13.20% of the company’s stock.

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About Wynn Resorts

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 (NASDAQ:WYNN)

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