Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC reduced its holdings in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 48.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,877 shares of the casino operator's stock after selling 10,337 shares during the quarter. Guggenheim Capital LLC's holdings in Wynn Resorts were worth $937,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Brandywine Global Investment Management LLC purchased a new position in shares of Wynn Resorts in the 4th quarter valued at about $5,216,000. Alliancebernstein L.P. increased its holdings in Wynn Resorts by 12.4% in the fourth quarter. Alliancebernstein L.P. now owns 122,760 shares of the casino operator's stock valued at $10,577,000 after buying an additional 13,553 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Wynn Resorts during the 4th quarter valued at approximately $75,872,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Wynn Resorts during the 4th quarter worth approximately $2,270,000. Finally, Empirical Asset Management LLC acquired a new stake in shares of Wynn Resorts in the 4th quarter worth approximately $903,000. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

Wynn Resorts Stock Down 0.9 %

Shares of NASDAQ WYNN traded down $0.78 during midday trading on Tuesday, hitting $81.43. The stock had a trading volume of 291,477 shares, compared to its average volume of 2,476,438. Wynn Resorts, Limited has a 1-year low of $65.25 and a 1-year high of $107.81. The company has a market capitalization of $8.64 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 2.35 and a beta of 1.53. The company has a fifty day moving average price of $81.86 and a 200 day moving average price of $86.73.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $1.15. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. The firm had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.78 billion. On average, research analysts forecast that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Monday, February 24th. Wynn Resorts's dividend payout ratio is presently 23.75%.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. 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. Mizuho increased their price objective on shares of Wynn Resorts from $118.00 to $132.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. StockNews.com cut shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Barclays lowered their price target 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. Finally, Jefferies Financial Group upgraded Wynn Resorts from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $105.00 to $118.00 in a research report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Wynn Resorts currently has an average rating of "Moderate Buy" and an average price target of $118.17.

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.