Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 40.4% in the third quarter, HoldingsChannel reports. The fund owned 18,970 shares of the casino operator’s stock after selling 12,876 shares during the quarter. Amalgamated Bank’s holdings in Wynn Resorts were worth $1,819,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of WYNN. International Assets Investment Management LLC purchased a new stake in shares of Wynn Resorts during the second quarter worth about $25,000. Blue Trust Inc. increased its stake in shares of Wynn Resorts by 556.0% during the third quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock worth $49,000 after purchasing an additional 467 shares in the last quarter. Versant Capital Management Inc purchased a new stake in shares of Wynn Resorts during the second quarter worth about $51,000. Covestor Ltd increased its stake in shares of Wynn Resorts by 421.7% during the first quarter. Covestor Ltd now owns 626 shares of the casino operator’s stock worth $64,000 after purchasing an additional 506 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Wynn Resorts by 25.1% during the second quarter. GAMMA Investing LLC now owns 828 shares of the casino operator’s stock worth $74,000 after purchasing an additional 166 shares in the last quarter. Institutional investors and hedge funds own 68.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on WYNN shares. Stifel Nicolaus dropped their price objective on shares of 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 dropped their price objective on shares of Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Morgan Stanley upped their price objective on shares of Wynn Resorts from $112.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Barclays dropped their price objective on shares of Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Finally, UBS Group raised shares of Wynn Resorts to a “hold” rating in a research note on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $115.71.

Insider Transactions at Wynn Resorts

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

Wynn Resorts Stock Performance

Shares of WYNN stock opened at $85.50 on Wednesday. The firm’s 50 day moving average price is $91.35 and its 200-day moving average price is $88.29. Wynn Resorts, Limited has a one year low of $71.63 and a one year high of $110.38. The firm has a market cap of $9.39 billion, a P/E ratio of 10.54, a P/E/G ratio of 2.41 and a beta of 1.80.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Monday, November 4th. The casino operator reported $0.90 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.11). Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. As a group, research analysts predict that Wynn Resorts, Limited will post 4.9 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.17%. Wynn Resorts’s dividend payout ratio is currently 12.33%.

Wynn Resorts 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.