Teachers Retirement System of The State of Kentucky Has $693,000 Stake in Wynn Resorts, Limited (NASDAQ:WYNN)

Teachers Retirement System of The State of Kentucky reduced its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 9.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 7,223 shares of the casino operator’s stock after selling 750 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Wynn Resorts were worth $693,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. International Assets Investment Management LLC purchased a new stake in Wynn Resorts in the 2nd quarter worth about $25,000. Blue Trust Inc. lifted its position in shares of Wynn Resorts by 556.0% in the third quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock worth $49,000 after purchasing an additional 467 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Wynn Resorts by 17.5% during the third quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock worth $86,000 after purchasing an additional 133 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its position in Wynn Resorts by 703.1% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,028 shares of the casino operator’s stock valued at $99,000 after purchasing an additional 900 shares in the last quarter. Finally, Covestor Ltd increased its stake in Wynn Resorts by 207.4% in the 3rd quarter. Covestor Ltd now owns 1,408 shares of the casino operator’s stock valued at $135,000 after buying an additional 950 shares during the period. Institutional investors and hedge funds own 88.64% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on WYNN. Barclays reduced their price objective on Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price target on Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Wells Fargo & Company dropped their price objective on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Susquehanna lifted their target price on shares of Wynn Resorts from $92.00 to $122.00 and gave the company a “positive” rating in a research note on Friday, October 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.71.

Wynn Resorts Trading Down 3.5 %

Shares of Wynn Resorts stock opened at $88.70 on Thursday. Wynn Resorts, Limited has a 1 year low of $71.63 and a 1 year high of $110.38. The company’s fifty day simple moving average is $94.13 and its 200-day simple moving average is $87.77. The company has a market cap of $9.74 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 3.46 and a beta of 1.78.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.11). The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 earnings per share. As a group, research analysts forecast that Wynn Resorts, Limited will post 4.79 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders 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 1.13%. Wynn Resorts’s dividend payout ratio (DPR) 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.