Aberdeen Group plc Has $516,000 Stock Holdings in Wynn Resorts, Limited $WYNN

Aberdeen Group plc reduced its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 29.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,509 shares of the casino operator's stock after selling 2,267 shares during the period. Aberdeen Group plc's holdings in Wynn Resorts were worth $516,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WYNN. DAVENPORT & Co LLC bought a new stake in shares of Wynn Resorts in the 1st quarter valued at approximately $49,476,000. Nuveen LLC acquired a new stake in Wynn Resorts in the 1st quarter valued at $41,731,000. Regal Partners Ltd grew its position in Wynn Resorts by 21.5% in the first quarter. Regal Partners Ltd now owns 1,091,578 shares of the casino operator's stock valued at $91,147,000 after acquiring an additional 192,873 shares during the period. Goodman Financial Corp acquired a new position in Wynn Resorts during the first quarter worth $13,357,000. Finally, Kodai Capital Management LP lifted its holdings in shares of Wynn Resorts by 174.5% during the first quarter. Kodai Capital Management LP now owns 239,031 shares of the casino operator's stock valued at $19,959,000 after acquiring an additional 151,956 shares during the period. Institutional investors and hedge funds own 88.64% of the company's stock.

Insider Transactions at Wynn Resorts

In other Wynn Resorts news, Director Patricia Mulroy sold 4,438 shares of Wynn Resorts stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $125.00, for a total transaction of $554,750.00. Following the completion of the sale, the director owned 3,066 shares of the company's stock, valued at approximately $383,250. The trade was a 59.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.52% of the company's stock.

Wynn Resorts Stock Performance

NASDAQ:WYNN opened at $117.81 on Friday. The company has a market cap of $12.25 billion, a price-to-earnings ratio of 35.38, a P/E/G ratio of 6.09 and a beta of 1.31. The stock's fifty day moving average price is $121.23 and its two-hundred day moving average price is $102.03. Wynn Resorts, Limited has a 52-week low of $65.25 and a 52-week high of $134.23.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its earnings results on Thursday, August 7th. The casino operator reported $1.09 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.11). The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.74 billion. Wynn Resorts had a negative return on equity of 56.78% and a net margin of 5.51%.The company's revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 EPS. On average, equities analysts predict that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, August 18th. Wynn Resorts's dividend payout ratio is currently 30.03%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on WYNN shares. JPMorgan Chase & Co. upped their target price on shares of Wynn Resorts from $123.00 to $136.00 and gave the stock an "overweight" rating in a report on Thursday. The Goldman Sachs Group boosted their price target on shares of Wynn Resorts from $124.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, October 1st. Barclays raised their price objective on shares of Wynn Resorts from $101.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Jefferies Financial Group boosted their target price on Wynn Resorts from $130.00 to $133.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Wynn Resorts in a report on Tuesday, October 14th. Thirteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $129.64.

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.

Want to see what other hedge funds are holding WYNN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wynn Resorts, Limited (NASDAQ:WYNN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.