Blueshift Asset Management LLC acquired a new position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,189 shares of the casino operator's stock, valued at approximately $533,000.
Several other large investors also recently added to or reduced their stakes in the business. Fisher Asset Management LLC boosted its position in shares of Wynn Resorts by 70.7% during the 3rd quarter. Fisher Asset Management LLC now owns 3,971,846 shares of the casino operator's stock valued at $380,821,000 after acquiring an additional 1,644,965 shares during the last quarter. Geode Capital Management LLC raised its stake in Wynn Resorts by 1.5% in the third quarter. Geode Capital Management LLC now owns 2,406,260 shares of the casino operator's stock valued at $229,945,000 after purchasing an additional 34,907 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Wynn Resorts by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 952,442 shares of the casino operator's stock worth $82,062,000 after buying an additional 5,032 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Wynn Resorts during the 4th quarter valued at $75,872,000. Finally, Holocene Advisors LP lifted its holdings in shares of Wynn Resorts by 27,868.5% during the 3rd quarter. Holocene Advisors LP now owns 757,946 shares of the casino operator's stock worth $72,672,000 after acquiring an additional 755,236 shares during the last quarter. Institutional investors own 88.64% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently commented on WYNN. StockNews.com lowered Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Stifel Nicolaus increased their price target on shares of Wynn Resorts from $123.00 to $128.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Jefferies Financial Group raised shares of Wynn Resorts from a "hold" rating to a "buy" rating and lifted their price target for the stock from $105.00 to $118.00 in a research note on Tuesday, February 18th. Macquarie reaffirmed an "outperform" rating and issued a $115.00 price objective on shares of Wynn Resorts in a research note on Friday, February 14th. Finally, Morgan Stanley decreased their target price on shares of Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $119.58.
Check Out Our Latest Research Report on WYNN
Insiders Place Their Bets
In other news, major shareholder Tilman J. Fertitta bought 5,025 shares of Wynn Resorts stock in a transaction on Friday, March 21st. The shares were purchased at an average price of $80.99 per share, for a total transaction of $406,974.75. Following the acquisition, the insider now owns 10,905,025 shares of the company's stock, valued at approximately $883,197,974.75. The trade was a 0.05 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Philip G. Satre bought 22,200 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average cost of $92.18 per share, with a total value of $2,046,396.00. Following the transaction, the director now directly owns 34,195 shares in the company, valued at approximately $3,152,095.10. This represents a 185.08 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 38,700 shares of company stock worth $3,427,943. 0.52% of the stock is currently owned by corporate insiders.
Wynn Resorts Stock Up 1.4 %
Shares of NASDAQ:WYNN traded up $1.16 during midday trading on Tuesday, hitting $86.03. 4,496,357 shares of the stock traded hands, compared to its average volume of 2,289,260. The business's 50 day moving average is $85.78 and its two-hundred day moving average is $89.06. The stock has a market capitalization of $9.13 billion, a PE ratio of 20.43, a P/E/G ratio of 2.35 and a beta of 1.77. Wynn Resorts, Limited has a one year low of $71.63 and a one year high of $110.38.
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 for the quarter, topping the consensus estimate 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 business had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.78 billion. As a group, sell-side 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. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Monday, February 24th. Wynn Resorts's payout ratio is currently 23.75%.
About Wynn Resorts
(
Free Report)
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.
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