Machina Capital S.A.S. Has $335,000 Stock Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Machina Capital S.A.S. decreased its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 18.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,679 shares of the casino operator’s stock after selling 815 shares during the period. Machina Capital S.A.S.’s holdings in Wynn Resorts were worth $335,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in shares of Wynn Resorts by 3,000.0% in the 4th quarter. Blue Trust Inc. now owns 279 shares of the casino operator’s stock valued at $25,000 after purchasing an additional 270 shares during the period. Sunbelt Securities Inc. lifted its holdings in Wynn Resorts by 4,285.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 307 shares of the casino operator’s stock worth $28,000 after buying an additional 300 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Wynn Resorts in the 4th quarter valued at $38,000. Federated Hermes Inc. lifted its stake in shares of Wynn Resorts by 47.5% in the 4th quarter. Federated Hermes Inc. now owns 435 shares of the casino operator’s stock valued at $40,000 after purchasing an additional 140 shares during the period. Finally, Venturi Wealth Management LLC lifted its stake in shares of Wynn Resorts by 1,083.8% in the 4th quarter. Venturi Wealth Management LLC now owns 438 shares of the casino operator’s stock valued at $40,000 after purchasing an additional 401 shares during the period. Institutional investors and hedge funds own 68.87% of the company’s stock.

Wynn Resorts Trading Down 0.7 %

Shares of NASDAQ WYNN traded down $0.64 during mid-day trading on Tuesday, hitting $97.23. The company had a trading volume of 2,840,969 shares, compared to its average volume of 1,792,427. The company has a market capitalization of $10.90 billion, a PE ratio of 16.26 and a beta of 1.91. The firm has a 50-day simple moving average of $100.49 and a two-hundred day simple moving average of $95.32. Wynn Resorts, Limited has a one year low of $81.65 and a one year high of $113.50.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Tuesday, May 7th. The casino operator reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.16. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Wynn Resorts had a negative return on equity of 31.17% and a net margin of 11.18%. Wynn Resorts’s revenue for the quarter was up 30.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 EPS. Sell-side analysts expect that Wynn Resorts, Limited will post 5.37 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. Wynn Resorts’s payout ratio is 16.72%.

Analysts Set New Price Targets

Several brokerages recently commented on WYNN. Wells Fargo & Company raised their price objective on Wynn Resorts from $122.00 to $124.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Barclays raised their price objective on Wynn Resorts from $123.00 to $124.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. JPMorgan Chase & Co. raised their price objective on Wynn Resorts from $118.00 to $123.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Macquarie raised their price objective on Wynn Resorts from $122.00 to $128.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Finally, UBS Group dropped their price objective on Wynn Resorts from $117.00 to $108.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 6th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.43.

Insider Activity

In related news, CEO Craig Scott Billings sold 19,235 shares of Wynn Resorts stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $108.00, for a total transaction of $2,077,380.00. Following the completion of the transaction, the chief executive officer now owns 307,904 shares in the company, valued at $33,253,632. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Craig Scott Billings sold 19,235 shares of Wynn Resorts stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $108.00, for a total transaction of $2,077,380.00. Following the completion of the transaction, the chief executive officer now owns 307,904 shares in the company, valued at $33,253,632. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patricia Mulroy sold 960 shares of Wynn Resorts stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $105.17, for a total value of $100,963.20. Following the transaction, the director now owns 522 shares of the company’s stock, valued at approximately $54,898.74. The disclosure for this sale can be found here. Insiders sold 26,578 shares of company stock worth $2,850,282 in the last quarter. Corporate insiders own 0.52% of the company’s stock.

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.