Orvieto Partners L.P. Makes New $4.31 Million Investment in Wynn Resorts, Limited (NASDAQ:WYNN)

Orvieto Partners L.P. purchased a new position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 50,000 shares of the casino operator's stock, valued at approximately $4,308,000. Wynn Resorts makes up about 3.6% of Orvieto Partners L.P.'s investment portfolio, making the stock its 11th biggest holding.

Several other institutional investors have also made changes to their positions in the stock. RBF Capital LLC purchased a new position in Wynn Resorts in the fourth quarter valued at about $862,000. Long Focus Capital Management LLC grew its stake in shares of Wynn Resorts by 3.8% in the 4th quarter. Long Focus Capital Management LLC now owns 163,000 shares of the casino operator's stock valued at $14,044,000 after buying an additional 6,000 shares in the last quarter. Stifel Financial Corp increased its holdings in Wynn Resorts by 341.0% in the fourth quarter. Stifel Financial Corp now owns 96,107 shares of the casino operator's stock worth $8,281,000 after buying an additional 74,316 shares during the last quarter. State of Tennessee Department of Treasury raised its position in Wynn Resorts by 73.0% during the fourth quarter. State of Tennessee Department of Treasury now owns 23,791 shares of the casino operator's stock valued at $2,050,000 after acquiring an additional 10,041 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Wynn Resorts by 155.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,667 shares of the casino operator's stock valued at $833,000 after acquiring an additional 5,884 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Wynn Resorts Price Performance

WYNN stock traded up $0.53 on Friday, reaching $82.11. 1,466,758 shares of the company were exchanged, compared to its average volume of 2,489,179. Wynn Resorts, Limited has a 12 month low of $65.25 and a 12 month high of $107.81. The stock's fifty day moving average price is $82.06 and its 200 day moving average price is $87.00. The firm has a market capitalization of $8.72 billion, a PE ratio of 19.50, a PEG ratio of 2.35 and a beta of 1.53.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.78 billion. As a group, research analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Monday, February 24th. Wynn Resorts's payout ratio is presently 23.75%.

Insider Activity

In other Wynn Resorts news, major shareholder Tilman J. Fertitta bought 300,000 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average price of $70.37 per share, with a total value of $21,111,000.00. Following the completion of the purchase, the insider now directly owns 12,900,000 shares in the company, valued at $907,773,000. The trade was a 2.38 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Philip G. Satre purchased 22,200 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were acquired at an average price of $92.18 per share, with a total value of $2,046,396.00. Following the purchase, the director now owns 34,195 shares of the company's stock, valued at approximately $3,152,095.10. This trade represents a 185.08 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 438,700 shares of company stock worth $31,300,943. Company insiders own 0.52% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on WYNN shares. Macquarie restated an "outperform" rating and set a $115.00 price target on shares of Wynn Resorts in a research note on Friday, February 14th. Barclays cut their target price on Wynn Resorts from $116.00 to $99.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Stifel Nicolaus upped their price target on Wynn Resorts from $123.00 to $128.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Argus downgraded Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, Morgan Stanley decreased their target price on Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $118.17.

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.