Parametrica Management Ltd Makes New $276,000 Investment in Wynn Resorts, Limited (NASDAQ:WYNN)

Parametrica Management Ltd bought a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,201 shares of the casino operator's stock, valued at approximately $276,000.

Several other large investors have also recently bought and sold shares of the business. Signature Estate & Investment Advisors LLC acquired a new position in Wynn Resorts in the fourth quarter valued at $1,512,000. Stevens Capital Management LP purchased a new stake in shares of Wynn Resorts in the fourth quarter valued at about $208,000. Fox Run Management L.L.C. acquired a new position in Wynn Resorts during the 4th quarter worth approximately $1,160,000. Virtu Financial LLC purchased a new position in Wynn Resorts in the fourth quarter worth $2,942,000. Finally, Northwest & Ethical Investments L.P. boosted its holdings in Wynn Resorts by 63.3% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,450 shares of the casino operator's stock worth $211,000 after buying an additional 950 shares in the last quarter. Hedge funds and other institutional investors own 88.64% of the company's stock.

Insider Transactions at Wynn Resorts

In related news, Director Philip G. Satre bought 22,200 shares of the stock in a transaction dated Tuesday, February 18th. The stock was bought at an average cost of $92.18 per share, with a total value of $2,046,396.00. Following the completion of the acquisition, the director now owns 34,195 shares of the company's stock, valued at $3,152,095.10. This trade represents a 185.08 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Tilman J. Fertitta bought 5,025 shares of the firm's stock in a transaction on Friday, March 21st. The stock was purchased at an average price of $80.99 per share, with a total value of $406,974.75. Following the transaction, the insider now owns 10,905,025 shares in the company, valued at $883,197,974.75. The trade was a 0.05 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 38,700 shares of company stock worth $3,427,943. 0.52% of the stock is currently owned by corporate insiders.

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Wynn Resorts Price Performance

Wynn Resorts stock traded down $3.82 during midday trading on Friday, hitting $82.33. 2,484,396 shares of the company were exchanged, compared to its average volume of 2,357,221. Wynn Resorts, Limited has a fifty-two week low of $71.63 and a fifty-two week high of $110.38. The company's fifty day moving average price is $85.96 and its 200-day moving average price is $89.22. The company has a market cap of $8.74 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 2.35 and a beta of 1.77.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share for the quarter, beating the consensus estimate of $1.27 by $1.15. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.78 billion. On average, analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Monday, February 24th. Wynn Resorts's dividend payout ratio is presently 23.75%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WYNN. Barclays raised their price target on Wynn Resorts from $115.00 to $116.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Stifel Nicolaus upped their price objective on Wynn Resorts from $123.00 to $128.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Morgan Stanley dropped their price objective on shares of Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. Mizuho raised their target price on shares of Wynn Resorts from $118.00 to $132.00 and gave the stock an "outperform" rating in a research report on Friday, February 14th. Finally, StockNews.com downgraded shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Wynn Resorts has a consensus rating of "Moderate Buy" and a consensus target price of $119.58.

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.