Chevy Chase Trust Holdings LLC Sells 1,594 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Chevy Chase Trust Holdings LLC lessened its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 3.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 48,546 shares of the casino operator’s stock after selling 1,594 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Wynn Resorts were worth $4,183,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Fisher Asset Management LLC grew its position in shares of Wynn Resorts by 70.7% in the 3rd quarter. Fisher Asset Management LLC now owns 3,971,846 shares of the casino operator’s stock valued at $380,821,000 after buying an additional 1,644,965 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Wynn Resorts by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,406,260 shares of the casino operator’s stock valued at $229,945,000 after buying an additional 34,907 shares during the last quarter. Regal Partners Ltd grew its position in shares of Wynn Resorts by 24.0% in the 3rd quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator’s stock valued at $86,168,000 after buying an additional 174,005 shares during the last quarter. Holocene Advisors LP grew its position in shares of Wynn Resorts by 27,868.5% in the 3rd quarter. Holocene Advisors LP now owns 757,946 shares of the casino operator’s stock valued at $72,672,000 after buying an additional 755,236 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Wynn Resorts by 1.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 624,469 shares of the casino operator’s stock valued at $59,874,000 after buying an additional 10,465 shares during the last quarter. Institutional investors own 88.64% of the company’s stock.

Wynn Resorts Stock Up 2.7 %

Shares of Wynn Resorts stock opened at $91.21 on Wednesday. The company has a market cap of $10.02 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 2.32 and a beta of 1.76. Wynn Resorts, Limited has a 52 week low of $71.63 and a 52 week high of $110.38. The business has a 50 day moving average price of $85.45 and a 200-day moving average price of $87.06.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, topping the consensus estimate of $1.27 by $1.15. The firm 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 61.16% and a net margin of 13.37%. As a group, research analysts anticipate that Wynn Resorts, Limited will post 4.69 EPS for the current year.

Wynn Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Monday, February 24th. Wynn Resorts’s payout ratio is 12.33%.

Analysts Set New Price Targets

Several equities research analysts recently commented on WYNN shares. Barclays upped their target price on Wynn Resorts from $115.00 to $116.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Wells Fargo & Company cut their target price on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. upped their target price on Wynn Resorts from $101.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Stifel Nicolaus upped their target price on Wynn Resorts from $123.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group upgraded Wynn Resorts from a “hold” rating to a “buy” rating and upped their target price for the company from $105.00 to $118.00 in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Wynn Resorts has a consensus rating of “Buy” and an average target price of $120.58.

Insider Activity at Wynn Resorts

In other Wynn Resorts news, Director Philip G. Satre purchased 22,200 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average cost of $92.18 per share, with a total value of $2,046,396.00. Following the completion of the transaction, the director now owns 34,195 shares of the company’s stock, valued at $3,152,095.10. The trade was a 185.08 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.52% of the stock is currently owned by company insiders.

About Wynn Resorts

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.