Lmcg Investments LLC Sells 1,860 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Lmcg Investments LLC lessened its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,483 shares of the casino operator’s stock after selling 1,860 shares during the period. Lmcg Investments LLC’s holdings in Wynn Resorts were worth $3,230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of WYNN. Wedge Capital Management L L P NC raised its holdings in shares of Wynn Resorts by 2.6% during the fourth quarter. Wedge Capital Management L L P NC now owns 47,509 shares of the casino operator’s stock valued at $4,093,000 after acquiring an additional 1,223 shares in the last quarter. Empirical Asset Management LLC bought a new position in Wynn Resorts in the 4th quarter worth $903,000. Sanders Morris Harris LLC bought a new stake in shares of Wynn Resorts during the 4th quarter valued at about $665,000. Oak Thistle LLC purchased a new position in shares of Wynn Resorts during the fourth quarter valued at about $3,088,000. Finally, Wedmont Private Capital raised its stake in Wynn Resorts by 7.5% in the fourth quarter. Wedmont Private Capital now owns 2,638 shares of the casino operator’s stock worth $214,000 after buying an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on WYNN. Morgan Stanley upped their target price on Wynn Resorts from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. upped their price target on Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Wells Fargo & Company lowered their price objective on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Macquarie reissued an “outperform” rating and issued a $120.00 target price on shares of Wynn Resorts in a research note on Tuesday, November 5th. Finally, Jefferies Financial Group lowered their price target on Wynn Resorts from $109.00 to $105.00 and set a “hold” rating for the company in a research report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.23.

Wynn Resorts Price Performance

Shares of WYNN opened at $84.67 on Tuesday. Wynn Resorts, Limited has a 1 year low of $71.63 and a 1 year high of $110.38. The company has a 50 day simple moving average of $88.93 and a two-hundred day simple moving average of $86.93. The firm has a market cap of $9.30 billion, a P/E ratio of 10.44, a price-to-earnings-growth ratio of 2.51 and a beta of 1.77.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Monday, November 4th. The casino operator reported $0.90 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.11). Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the business earned $0.99 EPS. Wynn Resorts’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Wynn Resorts, Limited will post 4.75 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.18%. Wynn Resorts’s dividend payout ratio (DPR) is presently 12.33%.

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.