Argent Capital Management LLC lessened its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 488,179 shares of the casino operator’s stock after selling 27,006 shares during the period. Wynn Resorts makes up approximately 2.8% of Argent Capital Management LLC’s holdings, making the stock its 11th largest position. Argent Capital Management LLC owned about 0.47% of Wynn Resorts worth $72,700,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of WYNN. Monetta Financial Services Inc. purchased a new position in shares of Wynn Resorts during the 2nd quarter valued at $1,542,000. Toronto Dominion Bank lifted its stake in shares of Wynn Resorts by 26.0% during the 2nd quarter. Toronto Dominion Bank now owns 27,068 shares of the casino operator’s stock valued at $3,629,000 after buying an additional 5,593 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Wynn Resorts by 28.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 46,525 shares of the casino operator’s stock valued at $6,240,000 after buying an additional 10,335 shares in the last quarter. Gotham Asset Management LLC purchased a new position in shares of Wynn Resorts during the 2nd quarter valued at $528,000. Finally, Maverick Capital Ltd. lifted its stake in shares of Wynn Resorts by 36.9% during the 2nd quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator’s stock valued at $169,024,000 after buying an additional 339,550 shares in the last quarter. 72.04% of the stock is owned by institutional investors and hedge funds.

Wynn Resorts, Limited (WYNN) opened at $164.26 on Tuesday. The company has a market cap of $16,400.00, a PE ratio of 35.93 and a beta of 1.73. Wynn Resorts, Limited has a fifty-two week low of $85.57 and a fifty-two week high of $165.23. The company has a current ratio of 1.72, a quick ratio of 1.68 and a debt-to-equity ratio of 24.54.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Thursday, October 26th. The casino operator reported $1.52 EPS for the quarter, beating the consensus estimate of $1.28 by $0.24. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.56 billion. Wynn Resorts had a net margin of 6.24% and a return on equity of 132.96%. The firm’s revenue was up 45.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.74 EPS. equities analysts predict that Wynn Resorts, Limited will post 5.34 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Thursday, November 16th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, November 15th. This represents a $2.00 annualized dividend and a yield of 1.22%. Wynn Resorts’s payout ratio is 55.40%.

A number of research analysts recently weighed in on WYNN shares. Deutsche Bank restated a “buy” rating and set a $167.00 target price on shares of Wynn Resorts in a research note on Tuesday, November 21st. Morgan Stanley boosted their price target on shares of Wynn Resorts from $151.00 to $158.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. UBS reiterated a “buy” rating and issued a $174.00 price target (up previously from $149.00) on shares of Wynn Resorts in a research note on Friday, September 29th. TheStreet cut shares of Wynn Resorts from a “b-” rating to a “c+” rating in a research note on Friday, October 13th. Finally, Telsey Advisory Group boosted their price target on shares of Wynn Resorts from $157.00 to $160.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Eleven investment 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 company. The stock has an average rating of “Buy” and a consensus price target of $148.49.

In related 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 transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kimmarie Sinatra sold 21,451 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were 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. Insiders have sold a total of 159,406 shares of company stock worth $23,864,344 over the last quarter. 13.20% of the stock is currently owned by insiders.

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About Wynn Resorts

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.

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

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