Aster Capital Management DIFC Ltd Grows Stock Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Aster Capital Management DIFC Ltd grew its holdings in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 1,137.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,935 shares of the casino operator's stock after buying an additional 3,617 shares during the quarter. Aster Capital Management DIFC Ltd's holdings in Wynn Resorts were worth $339,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. New Wave Wealth Advisors LLC purchased a new stake in Wynn Resorts in the 4th quarter worth $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Wynn Resorts in the third quarter valued at about $31,000. SBI Securities Co. Ltd. purchased a new stake in shares of Wynn Resorts during the fourth quarter worth about $36,000. Spire Wealth Management lifted its stake in Wynn Resorts by 116.4% in the 4th quarter. Spire Wealth Management now owns 435 shares of the casino operator's stock valued at $37,000 after buying an additional 234 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Wynn Resorts by 15.0% in the 4th quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator's stock worth $81,000 after buying an additional 122 shares during the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Wynn Resorts

In other Wynn Resorts news, major shareholder Tilman J. Fertitta purchased 100,000 shares of the firm's stock in a transaction on Monday, April 7th. The stock was bought at an average price of $67.62 per share, with a total value of $6,762,000.00. Following the transaction, the insider now directly owns 13,000,000 shares of the company's stock, valued at approximately $879,060,000. This represents a 0.78 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Philip G. Satre acquired 22,200 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the transaction, the director now directly 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 position. The disclosure for this purchase can be found here. Insiders bought 438,700 shares of company stock worth $31,300,943 in the last three months. 0.52% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

A number of brokerages have commented on WYNN. Barclays increased their target price on Wynn Resorts from $115.00 to $116.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Stifel Nicolaus raised their price objective on Wynn Resorts from $123.00 to $128.00 and gave the company a "buy" rating in a report on Friday, February 14th. Mizuho upped their target price on shares of Wynn Resorts from $118.00 to $132.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. Morgan Stanley decreased their price target on shares of Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Finally, Jefferies Financial Group upgraded shares of Wynn Resorts from a "hold" rating to a "buy" rating and increased their price objective for the company from $105.00 to $118.00 in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $119.58.

Wynn Resorts Stock Up 1.2 %

WYNN stock traded up $0.89 during mid-day trading on Friday, hitting $73.19. 2,710,084 shares of the company were exchanged, compared to its average volume of 2,456,991. Wynn Resorts, Limited has a 12-month low of $65.25 and a 12-month high of $107.81. The firm has a market capitalization of $7.77 billion, a P/E ratio of 17.38, a PEG ratio of 2.35 and a beta of 1.53. The business has a fifty day simple moving average of $83.27 and a 200-day simple moving average of $88.68.

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 (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 for the quarter, compared to analyst estimates of $1.78 billion. Research analysts predict that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.37%. The ex-dividend date was Monday, February 24th. Wynn Resorts's payout ratio is 23.75%.

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.