First Horizon Advisors Inc. Sells 1,336 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

First Horizon Advisors Inc. trimmed its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 73.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 472 shares of the casino operator’s stock after selling 1,336 shares during the period. First Horizon Advisors Inc.’s holdings in Wynn Resorts were worth $41,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new stake in Wynn Resorts in the fourth quarter valued at $26,000. Wilmington Savings Fund Society FSB acquired a new position in Wynn Resorts in the third quarter worth $31,000. Spire Wealth Management boosted its stake in Wynn Resorts by 116.4% in the fourth quarter. Spire Wealth Management now owns 435 shares of the casino operator’s stock worth $37,000 after purchasing an additional 234 shares in the last quarter. Blue Trust Inc. boosted its stake in Wynn Resorts by 556.0% in 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. Finally, Venturi Wealth Management LLC boosted its stake in Wynn Resorts by 15.0% in the fourth quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator’s stock worth $81,000 after purchasing an additional 122 shares in the last quarter. 88.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Wynn Resorts

In other Wynn Resorts news, Director Philip G. Satre purchased 22,200 shares of the stock in a transaction on Tuesday, February 18th. The stock was bought at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the completion of the acquisition, the director now directly owns 34,195 shares of the company’s stock, valued at $3,152,095.10. The trade was a 185.08 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

WYNN has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their price objective on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price objective on Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Stifel Nicolaus boosted their price objective on Wynn Resorts from $123.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft cut their price target on Wynn Resorts from $122.00 to $118.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Mizuho upped their price target on Wynn Resorts from $118.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Wynn Resorts has an average rating of “Moderate Buy” and an average price target of $119.58.

Wynn Resorts Trading Down 3.2 %

NASDAQ:WYNN opened at $88.19 on Friday. Wynn Resorts, Limited has a 1-year low of $71.63 and a 1-year high of $110.38. The business’s 50-day moving average price is $85.35 and its two-hundred day moving average price is $87.66. The firm has a market capitalization of $9.38 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 2.35 and a beta of 1.76.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share for the quarter, beating the consensus estimate of $1.27 by $1.15. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.78 billion. Sell-side analysts predict that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Monday, February 24th. Wynn Resorts’s payout ratio is 23.75%.

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.