Achmea Investment Management B.V. Purchases Shares of 8,788 Wynn Resorts, Limited (NASDAQ:WYNN)

Achmea Investment Management B.V. bought a new stake in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,788 shares of the casino operator's stock, valued at approximately $757,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IHT Wealth Management LLC raised its position in shares of Wynn Resorts by 1.7% during the 3rd quarter. IHT Wealth Management LLC now owns 6,766 shares of the casino operator's stock valued at $654,000 after purchasing an additional 112 shares during the period. Fifth Third Bancorp lifted its position in shares of Wynn Resorts by 5.8% in the fourth quarter. Fifth Third Bancorp now owns 2,183 shares of the casino operator's stock valued at $188,000 after acquiring an additional 119 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Wynn Resorts by 15.0% in the fourth quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator's stock worth $81,000 after acquiring an additional 122 shares during the period. Metis Global Partners LLC raised its stake in Wynn Resorts by 5.0% during the 4th quarter. Metis Global Partners LLC now owns 3,197 shares of the casino operator's stock valued at $275,000 after purchasing an additional 152 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Wynn Resorts by 1.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,798 shares of the casino operator's stock worth $844,000 after purchasing an additional 176 shares during the period. 88.64% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Wynn Resorts Stock Performance

Shares of WYNN traded down $0.38 during trading hours on Wednesday, hitting $85.05. 1,533,663 shares of the stock were exchanged, compared to its average volume of 2,265,811. The stock's 50-day moving average price is $85.56 and its two-hundred day moving average price is $88.86. The company has a market cap of $9.05 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 2.35 and a beta of 1.76. Wynn Resorts, Limited has a 12-month low of $71.63 and a 12-month high of $110.38.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.78 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. On average, research analysts expect that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were given a $0.25 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a yield of 1.18%. Wynn Resorts's payout ratio is currently 23.75%.

Wall Street Analyst Weigh In

WYNN has been the subject of several research reports. Barclays increased their price objective on shares of Wynn Resorts from $115.00 to $116.00 and gave the company an "overweight" rating in a report on Friday, February 14th. StockNews.com cut Wynn Resorts from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th. Jefferies Financial Group upgraded Wynn Resorts from a "hold" rating to a "buy" rating and increased their target price for the company from $105.00 to $118.00 in a research report on Tuesday, February 18th. Stifel Nicolaus boosted their price target on shares of Wynn Resorts from $123.00 to $128.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, Mizuho increased their price objective on shares of Wynn Resorts from $118.00 to $132.00 and gave the company an "outperform" rating in a research report on Friday, February 14th. Two 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 company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $119.58.

Insider Buying and Selling at Wynn Resorts

In other news, Director Philip G. Satre acquired 22,200 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average cost of $92.18 per share, with a total value of $2,046,396.00. Following the completion of the purchase, the director now owns 34,195 shares of the company's stock, valued at $3,152,095.10. This represents a 185.08 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.52% of the company's stock.

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.