Fjarde AP Fonden Fourth Swedish National Pension Fund Decreases Holdings in Wynn Resorts, Limited $WYNN

Key Points

• Fjarde AP Fonden, the Fourth Swedish National Pension Fund, reduced its holdings in Wynn Resorts by 25%, selling 5,400 shares to end with 16,229 shares valued at approximately $1.36 million.
• Multiple institutional investors made significant adjustments to their positions in Wynn Resorts, with some increasing their stakes by over 3,000% while combining ownership of hedge funds and institutional investors totals 88.64% of the stock.
• Wynn Resorts reported a quarterly EPS of $1.09, missing analysts' estimates, and also announced a dividend of $0.25 per share, reflecting a 0.9% yield with a payout ratio of 30.03%.

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 25.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,229 shares of the casino operator's stock after selling 5,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Wynn Resorts were worth $1,355,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Dagco Inc. purchased a new position in shares of Wynn Resorts during the first quarter worth approximately $25,000. Global X Japan Co. Ltd. increased its stake in shares of Wynn Resorts by 120.7% in the first quarter. Global X Japan Co. Ltd. now owns 320 shares of the casino operator's stock worth $27,000 after buying an additional 175 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Wynn Resorts by 3,408.3% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 421 shares of the casino operator's stock worth $35,000 after buying an additional 409 shares during the period. Garde Capital Inc. purchased a new position in shares of Wynn Resorts in the first quarter worth $73,000. Finally, Mather Group LLC. increased its stake in shares of Wynn Resorts by 32.7% in the first quarter. Mather Group LLC. now owns 896 shares of the casino operator's stock worth $75,000 after buying an additional 221 shares during the period. 88.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Wynn Resorts

In other news, Director Patricia Mulroy sold 2,262 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $92.12, for a total transaction of $208,375.44. Following the sale, the director owned 3,066 shares in the company, valued at approximately $282,439.92. The trade was a 42.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.52% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on WYNN. The Goldman Sachs Group began coverage on shares of Wynn Resorts in a research note on Monday, July 7th. They issued a "buy" rating and a $122.00 target price on the stock. Stifel Nicolaus lifted their target price on shares of Wynn Resorts from $113.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Jefferies Financial Group lifted their target price on shares of Wynn Resorts from $130.00 to $133.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Macquarie lifted their target price on shares of Wynn Resorts from $110.00 to $124.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $101.00 target price (up from $83.00) on shares of Wynn Resorts in a research note on Tuesday, July 8th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $118.64.

Wynn Resorts Trading Down 1.7%

Shares of WYNN stock opened at $109.45 on Monday. Wynn Resorts, Limited has a 12 month low of $65.25 and a 12 month high of $112.57. The stock has a market cap of $11.38 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 5.82 and a beta of 1.41. The company's fifty day moving average price is $102.32 and its 200-day moving average price is $90.64.

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

Wynn Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, August 18th. Wynn Resorts's payout ratio is 30.03%.

Wynn Resorts 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.

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