South Dakota Investment Council Sells 1,600 Shares of Wynn Resorts, Limited (WYNN)

South Dakota Investment Council trimmed its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 12.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,703 shares of the casino operator’s stock after selling 1,600 shares during the period. South Dakota Investment Council’s holdings in Wynn Resorts, Limited were worth $1,570,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Wynn Resorts, Limited by 5,076.4% during the 1st quarter. BlackRock Inc. now owns 4,945,920 shares of the casino operator’s stock valued at $566,852,000 after purchasing an additional 4,850,373 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Wynn Resorts, Limited by 128.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 819,007 shares of the casino operator’s stock valued at $109,845,000 after purchasing an additional 459,916 shares in the last quarter. OZ Management LP grew its position in shares of Wynn Resorts, Limited by 24.8% during the 1st quarter. OZ Management LP now owns 2,132,012 shares of the casino operator’s stock valued at $244,350,000 after purchasing an additional 423,658 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in shares of Wynn Resorts, Limited by 142.5% during the 1st quarter. TIAA CREF Investment Management LLC now owns 599,398 shares of the casino operator’s stock valued at $68,697,000 after purchasing an additional 352,191 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Wynn Resorts, Limited by 134.1% during the 1st quarter. Wellington Management Group LLP now owns 565,881 shares of the casino operator’s stock valued at $64,855,000 after purchasing an additional 324,175 shares in the last quarter. Institutional investors and hedge funds own 70.79% of the company’s stock.

A number of research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Telsey Advisory Group downgraded shares of Wynn Resorts, Limited from an “outperform” rating to a “market perform” rating and set a $150.00 price objective for the company. in a report on Wednesday, July 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $134.00 price objective (up from $128.00) on shares of Wynn Resorts, Limited in a report on Wednesday, July 26th. Vetr raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $135.52 price objective for the company in a report on Monday, June 12th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $138.00 price objective on shares of Wynn Resorts, Limited in a report on Monday, June 5th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $128.28.

In other news, Director Clark T. Jr. Randt sold 3,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $129.00, for a total value of $387,000.00. Following the completion of the sale, the director now owns 7,711 shares in the company, valued at approximately $994,719. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Matt Maddox sold 44,309 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $134.35, for a total transaction of $5,952,914.15. Following the completion of the sale, the president now owns 344,895 shares of the company’s stock, valued at approximately $46,336,643.25. The disclosure for this sale can be found here. Insiders own 13.20% of the company’s stock.

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Shares of Wynn Resorts, Limited (NASDAQ:WYNN) opened at 145.92 on Wednesday. The firm has a 50-day moving average of $134.30 and a 200-day moving average of $124.93. The stock has a market cap of $14.88 billion, a PE ratio of 54.61 and a beta of 1.69. Wynn Resorts, Limited has a one year low of $82.51 and a one year high of $147.50.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 165.77%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the business posted $1.07 EPS. The firm’s revenue for the quarter was up 44.5% on a year-over-year basis. On average, equities research analysts expect that Wynn Resorts, Limited will post $4.90 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 22nd. Stockholders of record on Thursday, August 10th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $2.00 annualized dividend and a dividend yield of 1.37%. Wynn Resorts, Limited’s dividend payout ratio is currently 74.91%.

Wynn Resorts, Limited 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.

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

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