Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 78,165 shares of the casino operator's stock after selling 2,543 shares during the quarter. New York State Teachers Retirement System owned approximately 0.07% of Wynn Resorts worth $6,527,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State of Tennessee Department of Treasury raised its stake in Wynn Resorts by 73.0% during the 4th quarter. State of Tennessee Department of Treasury now owns 23,791 shares of the casino operator's stock valued at $2,050,000 after acquiring an additional 10,041 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Wynn Resorts by 190.9% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 19,798 shares of the casino operator's stock worth $1,706,000 after buying an additional 12,993 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Wynn Resorts during the 4th quarter worth approximately $2,296,000. Brandywine Global Investment Management LLC purchased a new position in shares of Wynn Resorts during the 4th quarter worth approximately $5,216,000. Finally, Alliancebernstein L.P. grew its holdings in shares of Wynn Resorts by 12.4% in the 4th quarter. Alliancebernstein L.P. now owns 122,760 shares of the casino operator's stock worth $10,577,000 after acquiring an additional 13,553 shares during the period. Hedge funds and other institutional investors own 88.64% of the company's stock.

Wynn Resorts Stock Performance

Shares of WYNN traded up $1.94 during trading hours on Monday, hitting $107.57. The stock had a trading volume of 582,075 shares, compared to its average volume of 2,593,541. The firm has a market cap of $11.25 billion, a P/E ratio of 29.88, a P/E/G ratio of 3.05 and a beta of 1.37. The company's fifty day simple moving average is $90.03 and its 200 day simple moving average is $85.56. Wynn Resorts, Limited has a 12-month low of $65.25 and a 12-month high of $108.03.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The casino operator reported $1.07 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.17). The company had revenue of $1.70 billion during the quarter, compared to analysts' expectations of $1.74 billion. Wynn Resorts had a net margin of 6.17% and a negative return on equity of 62.13%. The company's revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period last year, the business earned $1.59 earnings per share. As a group, sell-side analysts predict that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a $0.25 dividend. The ex-dividend date was Friday, May 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. Wynn Resorts's dividend payout ratio (DPR) is 27.78%.

Insider Buying and Selling

In related news, Director Patricia Mulroy sold 2,262 shares of Wynn Resorts stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $92.12, for a total value of $208,375.44. Following the completion of the transaction, the director directly owned 3,066 shares in the company, valued at approximately $282,439.92. This trade represents a 42.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WYNN. Barclays lowered their price target on Wynn Resorts from $116.00 to $99.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Stifel Nicolaus set a $113.00 price target on Wynn Resorts in a report on Wednesday, May 7th. Citigroup upgraded Wynn Resorts from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. Wall Street Zen cut Wynn Resorts from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th. Finally, Mizuho lowered their target price on Wynn Resorts from $132.00 to $122.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $113.58.

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.