BI Asset Management Fondsmaeglerselskab A S Has $1.71 Million Position in Wynn Resorts, Limited (NASDAQ:WYNN)

BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 190.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 19,798 shares of the casino operator's stock after purchasing an additional 12,993 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Wynn Resorts were worth $1,706,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in Wynn Resorts during the 3rd quarter valued at $31,000. Synovus Financial Corp bought a new position in shares of Wynn Resorts during the 3rd quarter worth about $202,000. Franklin Resources Inc. raised its position in shares of Wynn Resorts by 0.5% during the third quarter. Franklin Resources Inc. now owns 250,962 shares of the casino operator's stock valued at $26,088,000 after buying an additional 1,165 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Wynn Resorts by 1.9% in the third quarter. Principal Financial Group Inc. now owns 108,067 shares of the casino operator's stock valued at $10,361,000 after buying an additional 2,001 shares during the period. Finally, GAMMA Investing LLC grew its position in Wynn Resorts by 91.9% during the fourth quarter. GAMMA Investing LLC now owns 2,885 shares of the casino operator's stock worth $249,000 after buying an additional 1,382 shares in the last quarter. Institutional investors own 88.64% of the company's stock.

Insider Buying and Selling

In other Wynn Resorts news, Director Philip G. Satre acquired 22,200 shares of Wynn Resorts stock in a transaction on Tuesday, February 18th. The shares were purchased 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 in the company, valued at $3,152,095.10. The trade was a 185.08 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Tilman J. Fertitta bought 5,025 shares of the company's stock in a transaction on Friday, March 21st. The shares were acquired at an average price of $80.99 per share, with a total value of $406,974.75. Following the transaction, the insider now directly owns 10,905,025 shares in the company, valued at approximately $883,197,974.75. The trade was a 0.05 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 438,700 shares of company stock worth $31,300,943 over the last three months. 0.52% of the stock is currently owned by company insiders.

Wynn Resorts Stock Performance

Shares of NASDAQ WYNN traded up $0.53 during trading on Friday, reaching $82.11. The company had a trading volume of 1,466,758 shares, compared to its average volume of 2,478,778. Wynn Resorts, Limited has a 52 week low of $65.25 and a 52 week high of $107.81. The business's 50 day moving average price is $82.24 and its 200-day moving average price is $87.26. The stock has a market cap 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 for the quarter, topping the consensus estimate of $1.27 by $1.15. The firm had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.78 billion. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. Equities analysts anticipate that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WYNN. Macquarie restated an "outperform" rating and issued a $115.00 target price on shares of Wynn Resorts in a research note on Friday, February 14th. 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. Stifel Nicolaus upped their target price on shares of Wynn Resorts from $123.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Argus cut shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, Mizuho upped their price objective on Wynn Resorts from $118.00 to $132.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $118.17.

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.