Securian Asset Management Inc. Sells 185 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Securian Asset Management Inc. decreased its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,872 shares of the casino operator’s stock after selling 185 shares during the quarter. Securian Asset Management Inc.’s holdings in Wynn Resorts were worth $420,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of WYNN. New Wave Wealth Advisors LLC bought a new position in shares of Wynn Resorts during the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Wynn Resorts during the 3rd quarter worth $31,000. SBI Securities Co. Ltd. bought a new position in Wynn Resorts during the fourth quarter worth about $36,000. Spire Wealth Management grew its stake in Wynn Resorts by 116.4% in the fourth quarter. Spire Wealth Management now owns 435 shares of the casino operator’s stock valued at $37,000 after acquiring an additional 234 shares during the period. Finally, Venturi Wealth Management LLC increased its holdings in shares of Wynn Resorts by 15.0% in the fourth quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator’s stock worth $81,000 after acquiring an additional 122 shares in the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

Insider Activity at Wynn Resorts

In related news, Director Philip G. Satre acquired 22,200 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were purchased at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the completion of the acquisition, the director now directly owns 34,195 shares in the company, valued at approximately $3,152,095.10. This trade represents a 185.08 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.52% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WYNN. StockNews.com lowered Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Mizuho upped their price target on shares of Wynn Resorts from $118.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Stifel Nicolaus raised their price objective on shares of Wynn Resorts from $123.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Jefferies Financial Group raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and upped their target price for the stock from $105.00 to $118.00 in a research note on Tuesday, February 18th. Finally, Morgan Stanley lowered their target price on Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $119.58.

Wynn Resorts Stock Performance

Shares of NASDAQ WYNN opened at $86.42 on Tuesday. The stock has a market capitalization of $9.20 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 2.35 and a beta of 1.77. Wynn Resorts, Limited has a 52 week low of $71.63 and a 52 week high of $110.38. The stock has a 50 day moving average price of $85.50 and a 200 day moving average price of $88.80.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, beating the consensus estimate of $1.27 by $1.15. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.78 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. As a group, research analysts forecast that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Monday, February 24th. Wynn Resorts’s payout ratio is presently 23.75%.

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.