Livforsakringsbolaget Skandia Omsesidigt Has $99,000 Stock Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 703.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,028 shares of the casino operator’s stock after buying an additional 900 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Wynn Resorts were worth $99,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Miracle Mile Advisors LLC boosted its holdings in shares of Wynn Resorts by 40.0% during the third quarter. Miracle Mile Advisors LLC now owns 3,500 shares of the casino operator’s stock worth $336,000 after acquiring an additional 1,000 shares during the period. GAMMA Investing LLC boosted its stake in Wynn Resorts by 81.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,503 shares of the casino operator’s stock valued at $144,000 after purchasing an additional 675 shares during the period. Czech National Bank increased its position in Wynn Resorts by 5.9% during the 3rd quarter. Czech National Bank now owns 19,049 shares of the casino operator’s stock worth $1,826,000 after buying an additional 1,054 shares during the period. Mirador Capital Partners LP lifted its holdings in shares of Wynn Resorts by 1.3% during the third quarter. Mirador Capital Partners LP now owns 49,404 shares of the casino operator’s stock worth $4,737,000 after buying an additional 624 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of Wynn Resorts by 22,057.8% in the third quarter. Massmutual Trust Co. FSB ADV now owns 14,181 shares of the casino operator’s stock valued at $1,360,000 after acquiring an additional 14,117 shares during the period. 68.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on WYNN shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Wynn Resorts from $131.00 to $122.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Stifel Nicolaus cut their price target on Wynn Resorts from $121.00 to $103.00 and set a “buy” rating for the company in a research note on Friday, September 13th. Wells Fargo & Company reduced their price target on Wynn Resorts from $126.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. UBS Group raised Wynn Resorts to a “hold” rating in a report on Friday, August 23rd. Finally, Macquarie reaffirmed an “outperform” rating and issued a $126.00 price target on shares of Wynn Resorts in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $115.20.

Insider Buying and Selling at Wynn Resorts

In related news, Director Patricia Mulroy sold 2,650 shares of Wynn Resorts stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $78.73, for a total value of $208,634.50. Following the transaction, the director now directly owns 5,689 shares of the company’s stock, valued at $447,894.97. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.52% of the company’s stock.

Wynn Resorts Trading Down 4.6 %

Wynn Resorts stock opened at $99.22 on Wednesday. The company has a market capitalization of $11.12 billion, a PE ratio of 13.59, a P/E/G ratio of 2.67 and a beta of 1.81. The stock has a 50-day moving average price of $83.98 and a two-hundred day moving average price of $89.27. Wynn Resorts, Limited has a 12 month low of $71.63 and a 12 month high of $110.38.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Tuesday, August 6th. The casino operator reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.74 billion. Wynn Resorts had a negative return on equity of 53.84% and a net margin of 12.22%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 earnings per share. As a group, analysts predict that Wynn Resorts, Limited will post 5.44 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Monday, August 19th. Wynn Resorts’s payout ratio is presently 13.70%.

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.