Citadel Investment Advisory Inc. Sells 475 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Citadel Investment Advisory Inc. cut its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 7.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,286 shares of the casino operator’s stock after selling 475 shares during the quarter. Citadel Investment Advisory Inc.’s holdings in Wynn Resorts were worth $542,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its position in shares of Wynn Resorts by 70.7% in the third 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 in the last quarter. Holocene Advisors LP increased its stake in Wynn Resorts by 27,868.5% during the 3rd quarter. Holocene Advisors LP now owns 757,946 shares of the casino operator’s stock worth $72,672,000 after acquiring an additional 755,236 shares during the period. Eagle Asset Management Inc. bought a new stake in shares of Wynn Resorts during the 3rd quarter valued at $58,486,000. Weiss Asset Management LP acquired a new stake in shares of Wynn Resorts during the 3rd quarter worth $19,753,000. Finally, Regal Partners Ltd increased its position in shares of Wynn Resorts by 24.0% in the third quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator’s stock worth $86,168,000 after purchasing an additional 174,005 shares during the period. 88.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group cut their price objective on shares of Wynn Resorts from $109.00 to $105.00 and set a “hold” rating for the company in a research report on Friday, January 3rd. Macquarie reiterated an “outperform” rating and set a $120.00 price target on shares of Wynn Resorts in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Morgan Stanley raised their target price on Wynn Resorts from $112.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. boosted their price target on Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $117.23.

Wynn Resorts Trading Down 3.1 %

NASDAQ WYNN opened at $86.85 on Friday. The firm has a market capitalization of $9.54 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 2.42 and a beta of 1.77. The business’s 50-day moving average price is $88.12 and its two-hundred day moving average price is $86.95. Wynn Resorts, Limited has a 12 month low of $71.63 and a 12 month high of $110.38.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.73 billion. Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 EPS. As a group, analysts forecast that Wynn Resorts, Limited will post 4.69 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a $0.25 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 1.15%. Wynn Resorts’s payout ratio is 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.