26,343 Shares in Wynn Resorts, Limited (NASDAQ:WYNN) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,343 shares of the casino operator's stock, valued at approximately $2,270,000. Wynn Resorts makes up about 0.4% of Dynamic Technology Lab Private Ltd's investment portfolio, making the stock its 18th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new position in Wynn Resorts in the fourth quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Wynn Resorts during the 3rd quarter valued at about $31,000. SBI Securities Co. Ltd. acquired a new position in shares of Wynn Resorts in the 4th quarter valued at approximately $36,000. Spire Wealth Management increased its stake in Wynn Resorts by 116.4% during the 4th quarter. Spire Wealth Management now owns 435 shares of the casino operator's stock worth $37,000 after purchasing an additional 234 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in 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 and hedge funds own 88.64% of the company's stock.

Wynn Resorts Stock Performance

NASDAQ:WYNN traded down $4.82 during mid-day trading on Thursday, hitting $71.01. The stock had a trading volume of 1,100,730 shares, compared to its average volume of 2,438,395. Wynn Resorts, Limited has a twelve month low of $65.25 and a twelve month high of $107.81. The stock has a market cap of $7.54 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 2.35 and a beta of 1.53. The company's 50 day simple moving average is $83.69 and its 200 day simple moving average is $88.84.

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Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $1.78 billion. As a group, equities analysts forecast that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 annualized dividend and a yield of 1.41%. Wynn Resorts's dividend payout ratio (DPR) is presently 23.75%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WYNN shares. Stifel Nicolaus upped their price target on shares of Wynn Resorts from $123.00 to $128.00 and gave the company a "buy" rating in a report on Friday, February 14th. Mizuho increased their target price on Wynn Resorts from $118.00 to $132.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. Morgan Stanley dropped their price target on Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. StockNews.com lowered Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Finally, Barclays boosted their target price on Wynn Resorts from $115.00 to $116.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Wynn Resorts currently has an average rating of "Moderate Buy" and an average price target of $119.58.

Insider Transactions at Wynn Resorts

In other news, major shareholder Tilman J. Fertitta purchased 5,025 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average cost of $80.99 per share, with a total value of $406,974.75. Following the acquisition, the insider now owns 10,905,025 shares in the company, valued at approximately $883,197,974.75. This trade represents a 0.05 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Philip G. Satre acquired 22,200 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was purchased at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the completion of the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 438,700 shares of company stock worth $31,300,943 over the last quarter. Company insiders own 0.52% of the company's stock.

Wynn Resorts 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.