Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by Beech Hill Advisors Inc.

Beech Hill Advisors Inc. decreased its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 56.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,500 shares of the casino operator’s stock after selling 3,250 shares during the quarter. Beech Hill Advisors Inc.’s holdings in Wynn Resorts were worth $215,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Wynn Resorts in the 3rd quarter valued at $31,000. Blue Trust Inc. raised its stake in Wynn Resorts by 556.0% in the third quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock valued at $49,000 after buying an additional 467 shares in the last quarter. Allworth Financial LP lifted its holdings in Wynn Resorts by 17.5% during the 3rd quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock worth $86,000 after buying an additional 133 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Wynn Resorts by 703.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,028 shares of the casino operator’s stock worth $99,000 after acquiring an additional 900 shares in the last quarter. Finally, Covestor Ltd increased its holdings in shares of Wynn Resorts by 207.4% in the 3rd quarter. Covestor Ltd now owns 1,408 shares of the casino operator’s stock valued at $135,000 after acquiring an additional 950 shares during the last quarter. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Barclays lowered their target price on shares of Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Susquehanna lifted their price target on shares of Wynn Resorts from $92.00 to $122.00 and gave the stock a “positive” rating in a research note on Friday, October 11th. Jefferies Financial Group decreased their price objective on shares of Wynn Resorts from $109.00 to $105.00 and set a “hold” rating for the company in a research note on Friday, January 3rd. Finally, Morgan Stanley lifted their target price on Wynn Resorts from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Four 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $116.36.

Wynn Resorts Stock Down 0.2 %

WYNN stock traded down $0.17 during trading on Thursday, hitting $82.24. The company had a trading volume of 67,143 shares, compared to its average volume of 2,139,699. The firm has a 50-day moving average price of $89.05 and a 200-day moving average price of $87.00. The firm has a market cap of $9.03 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 2.40 and a beta of 1.77. Wynn Resorts, Limited has a 1-year low of $71.63 and a 1-year high of $110.38.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the firm posted $0.99 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Sell-side analysts anticipate that Wynn Resorts, Limited will post 4.73 earnings per share for the current year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.22%. Wynn Resorts’s payout ratio is currently 12.33%.

About Wynn Resorts

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.