Andra AP fonden Has $9.18 Million Stock Position in Wynn Resorts, Limited (NASDAQ:WYNN)

Andra AP fonden grew its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 9.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 102,600 shares of the casino operator’s stock after acquiring an additional 9,000 shares during the quarter. Andra AP fonden’s holdings in Wynn Resorts were worth $9,183,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of WYNN. International Assets Investment Management LLC bought a new stake in Wynn Resorts during the 2nd quarter worth approximately $25,000. ICA Group Wealth Management LLC bought a new position in Wynn Resorts in the 4th quarter valued at $27,000. Register Financial Advisors LLC bought a new position in Wynn Resorts in the 1st quarter valued at $37,000. Neo Ivy Capital Management acquired a new position in shares of Wynn Resorts in the 4th quarter valued at $40,000. Finally, Versant Capital Management Inc acquired a new position in shares of Wynn Resorts in the 2nd quarter valued at $51,000. 68.87% of the stock is currently owned by institutional investors.

Wynn Resorts Stock Down 2.0 %

Shares of WYNN stock opened at $75.35 on Wednesday. The firm has a 50 day moving average price of $79.48 and a two-hundred day moving average price of $90.91. The company has a market capitalization of $8.36 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 1.72 and a beta of 1.80. Wynn Resorts, Limited has a 12-month low of $71.63 and a 12-month high of $110.38.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data 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). The company 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 company’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the business earned $0.91 earnings per share. As a group, research analysts expect that Wynn Resorts, Limited will post 5.55 EPS for the current year.

Wynn Resorts Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 annualized dividend and a yield of 1.33%. Wynn Resorts’s dividend payout ratio (DPR) is presently 13.70%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Seaport Res Ptn raised Wynn Resorts from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 30th. Morgan Stanley dropped their price objective on Wynn Resorts from $107.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 4th. Wells Fargo & Company dropped their price objective on Wynn Resorts from $126.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on Wynn Resorts from $131.00 to $122.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. dropped their price objective on Wynn Resorts from $110.00 to $101.00 and set an “overweight” rating on the stock 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, Wynn Resorts has a consensus rating of “Moderate Buy” and a consensus price target of $116.07.

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.