Securian Asset Management Inc. Has $420,000 Position in Wynn Resorts, Limited (NASDAQ:WYNN)

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

Several other large investors have also recently added to or reduced their stakes in WYNN. New Wave Wealth Advisors LLC acquired a new position in shares of Wynn Resorts in the fourth quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new stake in Wynn Resorts in the 3rd quarter valued at about $31,000. SBI Securities Co. Ltd. acquired a new position in shares of Wynn Resorts during the 4th quarter worth approximately $36,000. Spire Wealth Management increased its holdings in shares of Wynn Resorts by 116.4% during the fourth quarter. Spire Wealth Management now owns 435 shares of the casino operator’s stock worth $37,000 after purchasing an additional 234 shares during the period. Finally, Venturi Wealth Management LLC raised its position 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 valued at $81,000 after buying an additional 122 shares in the last quarter. Institutional investors own 88.64% of the company’s stock.

Wynn Resorts Stock Up 0.3 %

Shares of WYNN stock opened at $86.42 on Tuesday. The firm has a market capitalization of $9.20 billion, a P/E ratio of 20.53, a P/E/G ratio of 2.35 and a beta of 1.77. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The stock’s fifty day simple moving average is $85.50 and its 200 day simple moving average is $88.80.

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

Wynn Resorts Announces Dividend

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

Insider Activity at Wynn Resorts

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Barclays raised their price objective on Wynn Resorts from $115.00 to $116.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Macquarie reaffirmed an “outperform” rating and issued a $115.00 price target on shares of Wynn Resorts in a research note on Friday, February 14th. StockNews.com downgraded shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Morgan Stanley dropped their target price on shares of Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Finally, Jefferies Financial Group raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and upped their price target for the stock from $105.00 to $118.00 in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $119.58.

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.