Rockefeller Capital Management L.P. Sells 20,010 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Rockefeller Capital Management L.P. reduced its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 8.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 203,942 shares of the casino operator’s stock after selling 20,010 shares during the period. Rockefeller Capital Management L.P.’s holdings in Wynn Resorts were worth $19,554,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in Wynn Resorts during the 2nd quarter valued at about $25,000. Blue Trust Inc. increased its position in Wynn Resorts by 556.0% in the 3rd quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock valued at $49,000 after acquiring an additional 467 shares in the last quarter. Versant Capital Management Inc acquired a new stake in Wynn Resorts in the 2nd quarter valued at about $51,000. GAMMA Investing LLC increased its position in Wynn Resorts by 25.1% in the 2nd quarter. GAMMA Investing LLC now owns 828 shares of the casino operator’s stock valued at $74,000 after acquiring an additional 166 shares in the last quarter. Finally, Allworth Financial LP increased its position in Wynn Resorts by 17.5% in the 3rd quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock valued at $86,000 after acquiring an additional 133 shares in the last quarter. 68.87% of the stock is owned by institutional investors.

Wynn Resorts Stock Performance

Shares of WYNN opened at $94.38 on Monday. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The firm’s 50 day moving average price is $94.90 and its two-hundred day moving average price is $87.91. The firm has a market cap of $10.36 billion, a P/E ratio of 11.64, a PEG ratio of 3.46 and a beta of 1.80.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the firm posted $0.99 EPS. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Wynn Resorts, Limited will post 4.78 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Friday, November 15th. Wynn Resorts’s payout ratio is currently 12.33%.

Wall Street Analyst Weigh In

Several research firms have weighed in on WYNN. Barclays lowered 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 report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price objective on shares of Wynn Resorts from $101.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. UBS Group upgraded shares of Wynn Resorts to a “hold” rating in a research report on Friday, August 23rd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Morgan Stanley lifted their price target on shares of Wynn Resorts from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $115.71.

Insider Buying and Selling at Wynn Resorts

In other news, Director Patricia Mulroy sold 2,650 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $78.73, for a total value of $208,634.50. Following the sale, the director now owns 5,689 shares of the company’s stock, valued at $447,894.97. The trade was a 31.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.52% of the company’s stock.

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.