Nisa Investment Advisors LLC Sells 4,361 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Nisa Investment Advisors LLC lowered its position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 17.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 20,501 shares of the casino operator's stock after selling 4,361 shares during the period. Nisa Investment Advisors LLC's holdings in Wynn Resorts were worth $1,712,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. raised its stake in Wynn Resorts by 120.7% during the first quarter. Global X Japan Co. Ltd. now owns 320 shares of the casino operator's stock worth $27,000 after purchasing an additional 175 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Wynn Resorts by 3,408.3% during the 1st 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 last quarter. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Wynn Resorts during the 4th quarter valued at approximately $45,000. Garde Capital Inc. purchased a new stake in shares of Wynn Resorts during the 1st quarter valued at approximately $73,000. Finally, Mather Group LLC. lifted its holdings in Wynn Resorts by 32.7% in the first quarter. Mather Group LLC. now owns 896 shares of the casino operator's stock valued at $75,000 after acquiring an additional 221 shares during the last quarter. Hedge funds and other institutional investors own 88.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on WYNN shares. Argus lowered Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Bank of America upgraded shares of Wynn Resorts from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a report on Wednesday, May 7th. Barclays decreased their target price on shares of Wynn Resorts from $116.00 to $99.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Mizuho dropped their price target on shares of Wynn Resorts from $132.00 to $122.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Wynn Resorts in a research note on Monday, June 23rd. They issued an "overweight" rating and a $109.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $112.71.

Wynn Resorts Stock Down 0.4%

Shares of Wynn Resorts stock traded down $0.41 during trading on Thursday, reaching $109.44. 1,124,766 shares of the company were exchanged, compared to its average volume of 2,592,113. The business has a 50-day moving average price of $95.02 and a 200-day moving average price of $86.97. Wynn Resorts, Limited has a twelve month low of $65.25 and a twelve month high of $112.36. The firm has a market capitalization of $11.44 billion, a price-to-earnings ratio of 30.40, a P/E/G ratio of 3.02 and a beta of 1.37.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its earnings results on Tuesday, May 6th. The casino operator reported $1.07 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.17). Wynn Resorts had a negative return on equity of 62.13% and a net margin of 6.17%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the company posted $1.59 EPS. The business's revenue for the quarter was down 8.7% compared to the same quarter last year. On average, equities research analysts forecast that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.00 annualized dividend and a yield of 0.91%. Wynn Resorts's dividend payout ratio is presently 27.78%.

Insiders Place Their Bets

In related news, Director Patricia Mulroy sold 2,262 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was 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 of the company's stock, valued at $282,439.92. This trade represents a 42.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by corporate insiders.

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.