Parkwood LLC decreased its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 54.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,593 shares of the casino operator’s stock after selling 1,876 shares during the quarter. Parkwood LLC’s holdings in Wynn Resorts, Limited were worth $237,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. First Personal Financial Services raised its position in Wynn Resorts, Limited by 102.9% in the 3rd quarter. First Personal Financial Services now owns 710 shares of the casino operator’s stock valued at $106,000 after purchasing an additional 360 shares during the last quarter. Reilly Financial Advisors LLC raised its position in Wynn Resorts, Limited by 1,000.0% during the 2nd quarter. Reilly Financial Advisors LLC now owns 1,100 shares of the casino operator’s stock worth $148,000 after buying an additional 1,000 shares during the last quarter. Financial Architects Inc raised its position in Wynn Resorts, Limited by 4.2% during the 2nd quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock worth $168,000 after buying an additional 50 shares during the last quarter. IFP Advisors Inc raised its position in Wynn Resorts, Limited by 40.8% during the 2nd quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock worth $169,000 after buying an additional 365 shares during the last quarter. Finally, Hanseatic Management Services Inc. raised its position in Wynn Resorts, Limited by 808.1% during the 2nd quarter. Hanseatic Management Services Inc. now owns 1,462 shares of the casino operator’s stock worth $196,000 after buying an additional 1,301 shares during the last quarter. Hedge funds and other institutional investors own 70.67% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Parkwood LLC Trims Position in Wynn Resorts, Limited (WYNN)” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/11/08/parkwood-llc-trims-position-in-wynn-resorts-limited-wynn.html.

WYNN has been the subject of a number of analyst reports. Morgan Stanley upped their price objective on shares of Wynn Resorts, Limited from $151.00 to $158.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Sanford C. Bernstein restated an “outperform” rating on shares of Wynn Resorts, Limited in a research report on Wednesday, July 12th. Deutsche Bank AG set a $161.00 price objective on shares of Wynn Resorts, Limited and gave the stock a “buy” rating in a research report on Monday, October 16th. UBS AG restated a “buy” rating and set a $174.00 price objective (up previously from $149.00) on shares of Wynn Resorts, Limited in a research report on Friday, September 29th. Finally, Vetr upgraded shares of Wynn Resorts, Limited from a “buy” rating to a “strong-buy” rating and set a $146.26 price objective for the company in a research report on Thursday, July 27th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $148.11.

In other Wynn Resorts, Limited news, President Matt Maddox sold 42,900 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $143.44, for a total value of $6,153,576.00. Following the transaction, the president now directly owns 350,586 shares in the company, valued at approximately $50,288,055.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Kimmarie Sinatra sold 21,451 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $143.62, for a total transaction of $3,080,792.62. Following the transaction, the executive vice president now owns 223,443 shares in the company, valued at $32,090,883.66. The disclosure for this sale can be found here. 13.20% of the stock is currently owned by corporate insiders.

Wynn Resorts, Limited (NASDAQ WYNN) traded down $0.19 during trading hours on Wednesday, reaching $152.00. 256,916 shares of the company’s stock were exchanged, compared to its average volume of 1,797,466. The stock has a market cap of $15,527.47, a price-to-earnings ratio of 34.10 and a beta of 1.72. The company has a debt-to-equity ratio of 27.41, a quick ratio of 1.92 and a current ratio of 1.97. Wynn Resorts, Limited has a 52 week low of $82.51 and a 52 week high of $154.28.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.24. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.56 billion. Wynn Resorts, Limited had a net margin of 6.24% and a return on equity of 140.73%. The firm’s quarterly revenue was up 45.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 EPS. equities analysts predict that Wynn Resorts, Limited will post 5.34 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Thursday, November 16th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $2.00 dividend on an annualized basis and a yield of 1.32%. Wynn Resorts, Limited’s dividend payout ratio (DPR) is 55.25%.

Wynn Resorts, Limited Company Profile

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.

Want to see what other hedge funds are holding WYNN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wynn Resorts, Limited (NASDAQ:WYNN).

Institutional Ownership by Quarter for Wynn Resorts, Limited (NASDAQ:WYNN)

Receive News & Stock Ratings for Wynn Resorts Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wynn Resorts Limited and related stocks with our FREE daily email newsletter.