Mutual of America Capital Management LLC Cuts Position in Wynn Resorts, Limited (NASDAQ:WYNN)

Mutual of America Capital Management LLC lowered its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 4.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,895 shares of the casino operator’s stock after selling 585 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Wynn Resorts were worth $1,065,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Interval Partners LP lifted its stake in shares of Wynn Resorts by 999.0% in the first quarter. Interval Partners LP now owns 400,911 shares of the casino operator’s stock valued at $40,985,000 after purchasing an additional 364,432 shares during the period. Renaissance Technologies LLC increased its holdings in Wynn Resorts by 29.1% in the second quarter. Renaissance Technologies LLC now owns 1,345,100 shares of the casino operator’s stock valued at $120,386,000 after buying an additional 303,033 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Wynn Resorts by 6,720.4% during the second quarter. Sequoia Financial Advisors LLC now owns 257,537 shares of the casino operator’s stock worth $23,050,000 after purchasing an additional 253,761 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Wynn Resorts by 22.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,125,718 shares of the casino operator’s stock worth $115,082,000 after buying an additional 204,852 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Wynn Resorts by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 11,028,618 shares of the casino operator’s stock worth $1,127,456,000 after buying an additional 166,594 shares in the last quarter. 68.87% of the stock is currently owned by hedge funds and other institutional investors.

Wynn Resorts Price Performance

Shares of WYNN stock opened at $91.03 on Friday. Wynn Resorts, Limited has a 1-year low of $71.63 and a 1-year high of $110.38. The firm’s 50-day simple moving average is $78.34 and its 200-day simple moving average is $89.32. The firm has a market cap of $10.20 billion, a P/E ratio of 12.47, a PEG ratio of 2.17 and a beta of 1.80.

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

Wynn Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Monday, August 19th. Wynn Resorts’s dividend payout ratio (DPR) is presently 13.70%.

Insiders Place Their Bets

In other news, Director Patricia Mulroy sold 2,650 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $78.73, for a total transaction of $208,634.50. Following the completion of the sale, the director now owns 5,689 shares in the company, valued at approximately $447,894.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WYNN shares. Seaport Res Ptn upgraded shares of Wynn Resorts from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 30th. UBS Group upgraded Wynn Resorts to a “hold” rating in a research report on Friday, August 23rd. Morgan Stanley lowered their target price on Wynn Resorts from $107.00 to $97.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 4th. Wells Fargo & Company cut their price target on Wynn Resorts from $126.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Finally, StockNews.com downgraded Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Wynn Resorts has a consensus rating of “Moderate Buy” and a consensus target price of $113.73.

Wynn Resorts Company Profile

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.