Mn Services Vermogensbeheer B.V. Has $3.59 Million Stake in Wynn Resorts, Limited (NASDAQ:WYNN)

Mn Services Vermogensbeheer B.V. lowered its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 2.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,100 shares of the casino operator’s stock after selling 1,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Wynn Resorts were worth $3,589,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of WYNN. Fifth Third Bancorp lifted its stake in Wynn Resorts by 8.5% in the 1st quarter. Fifth Third Bancorp now owns 1,416 shares of the casino operator’s stock valued at $145,000 after purchasing an additional 111 shares during the last quarter. Empirical Finance LLC lifted its position in shares of Wynn Resorts by 3.7% in the first quarter. Empirical Finance LLC now owns 3,220 shares of the casino operator’s stock valued at $329,000 after buying an additional 114 shares during the last quarter. EntryPoint Capital LLC boosted its stake in shares of Wynn Resorts by 7.2% during the 1st quarter. EntryPoint Capital LLC now owns 1,738 shares of the casino operator’s stock worth $178,000 after acquiring an additional 117 shares during the period. Federated Hermes Inc. boosted its stake in shares of Wynn Resorts by 47.5% during the 4th quarter. Federated Hermes Inc. now owns 435 shares of the casino operator’s stock worth $40,000 after acquiring an additional 140 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in Wynn Resorts by 36.3% in the 1st quarter. Venturi Wealth Management LLC now owns 597 shares of the casino operator’s stock valued at $61,000 after acquiring an additional 159 shares during the period. Institutional investors own 68.87% of the company’s stock.

Insider Transactions at Wynn Resorts

In other Wynn Resorts news, Director Betsy S. Atkins sold 2,446 shares of Wynn Resorts stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $94.39, for a total value of $230,877.94. Following the transaction, the director now owns 9,226 shares in the company, valued at $870,842.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.52% of the stock is owned by insiders.

Wynn Resorts Trading Up 0.4 %

Wynn Resorts stock traded up $0.28 during trading hours on Friday, reaching $77.37. 1,479,914 shares of the stock were exchanged, compared to its average volume of 2,783,727. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The company has a market cap of $8.59 billion, a P/E ratio of 10.60, a price-to-earnings-growth ratio of 1.72 and a beta of 1.82. The stock has a 50 day moving average of $82.43 and a two-hundred day moving average of $93.33.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Tuesday, August 6th. The casino operator reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.02). Wynn Resorts had a negative return on equity of 53.84% and a net margin of 12.22%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The business’s revenue was up 8.4% on a year-over-year basis. On average, analysts expect that Wynn Resorts, Limited will post 5.59 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Monday, August 19th will be paid a $0.25 dividend. The ex-dividend date is Monday, August 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.29%. Wynn Resorts’s payout ratio is 13.70%.

Analysts Set New Price Targets

Several research firms have commented on WYNN. StockNews.com downgraded shares of Wynn Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Stifel Nicolaus raised their price objective on shares of Wynn Resorts from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Jefferies Financial Group lowered their target price on Wynn Resorts from $111.00 to $96.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. JPMorgan Chase & Co. reduced their price target on Wynn Resorts from $110.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. Finally, Seaport Res Ptn upgraded Wynn Resorts from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 30th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Wynn Resorts has an average rating of “Moderate Buy” and a consensus price target of $116.73.

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.