Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. reduced its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 12.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 182,776 shares of the casino operator's stock after selling 26,984 shares during the period. Jacobs Levy Equity Management Inc. owned 0.17% of Wynn Resorts worth $15,748,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. New Wave Wealth Advisors LLC acquired a new stake in shares of Wynn Resorts during the fourth quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new position in Wynn Resorts in the third quarter valued at approximately $31,000. SBI Securities Co. Ltd. acquired a new stake in Wynn Resorts during the 4th quarter worth $36,000. Spire Wealth Management lifted its holdings in shares of Wynn Resorts by 116.4% in the 4th quarter. Spire Wealth Management now owns 435 shares of the casino operator's stock valued at $37,000 after purchasing an additional 234 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan purchased a new position in shares of Wynn Resorts during the fourth quarter worth approximately $45,000. 88.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Barclays reduced their price objective on Wynn Resorts from $116.00 to $99.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley reduced their price objective on shares of Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. Macquarie reiterated an "outperform" rating and set a $115.00 target price on shares of Wynn Resorts in a research report on Friday, February 14th. Argus cut Wynn Resorts from a "buy" rating to a "hold" rating in a report on Wednesday, April 23rd. Finally, Mizuho dropped their price objective 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 equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Wynn Resorts currently has a consensus rating of "Moderate Buy" and an average price target of $112.92.

Insiders Place Their Bets

In other news, major shareholder Tilman J. Fertitta bought 100,000 shares of Wynn Resorts stock in a transaction that occurred on Monday, April 7th. The shares were purchased at an average price of $67.62 per share, for a total transaction of $6,762,000.00. Following the completion of the acquisition, the insider now owns 13,000,000 shares of the company's stock, valued at $879,060,000. The trade was a 0.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Philip G. Satre purchased 22,200 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average price of $92.18 per share, for a total transaction of $2,046,396.00. Following the acquisition, the director now directly owns 34,195 shares of the company's stock, valued at $3,152,095.10. This trade represents a 185.08% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 438,700 shares of company stock valued at $31,300,943. Company insiders own 0.52% of the company's stock.

Wynn Resorts Price Performance

WYNN traded down $0.99 during midday trading on Friday, reaching $96.76. 2,196,323 shares of the company's stock were exchanged, compared to its average volume of 2,521,111. Wynn Resorts, Limited has a 1-year low of $65.25 and a 1-year high of $107.81. The stock has a market capitalization of $10.12 billion, a PE ratio of 22.98, a P/E/G ratio of 2.35 and a beta of 1.33. The business's 50-day moving average price is $81.27 and its 200 day moving average price is $85.85.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its earnings results on Tuesday, May 6th. The casino operator reported $1.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 7.03% and a negative return on equity of 71.17%. Wynn Resorts's quarterly revenue was down 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.59 EPS. As a group, analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. Wynn Resorts's dividend payout ratio is currently 27.78%.

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.