9,070 Shares in Wynn Resorts, Limited (NASDAQ:WYNN) Acquired by BIT Capital GmbH

BIT Capital GmbH acquired a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,070 shares of the casino operator's stock, valued at approximately $781,000.

A number of other institutional investors also recently bought and sold shares of WYNN. Elo Mutual Pension Insurance Co purchased a new position in Wynn Resorts during the fourth quarter worth about $957,000. WINTON GROUP Ltd grew its holdings in Wynn Resorts by 1,887.8% during the fourth quarter. WINTON GROUP Ltd now owns 79,374 shares of the casino operator's stock worth $6,839,000 after acquiring an additional 75,381 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Wynn Resorts by 17.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151,270 shares of the casino operator's stock worth $12,604,000 after acquiring an additional 22,425 shares in the last quarter. Parametrica Management Ltd purchased a new stake in shares of Wynn Resorts during the 4th quarter worth $276,000. Finally, Signature Estate & Investment Advisors LLC purchased a new position in shares of Wynn Resorts in the 4th quarter valued at about $1,512,000. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Wynn Resorts Stock Performance

NASDAQ WYNN traded down $3.82 during trading on Friday, reaching $82.33. 2,484,396 shares of the company traded hands, compared to its average volume of 2,357,221. Wynn Resorts, Limited has a 1-year low of $71.63 and a 1-year high of $110.38. The stock's 50 day moving average price is $85.96 and its two-hundred day moving average price is $89.22. The company has a market cap of $8.74 billion, a price-to-earnings ratio of 19.56, a P/E/G ratio of 2.35 and a beta of 1.77.

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

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.21%. The ex-dividend date was Monday, February 24th. Wynn Resorts's dividend payout ratio is 23.75%.

Wall Street Analysts Forecast Growth

WYNN has been the topic of several recent analyst reports. Stifel Nicolaus upped their target price 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. Macquarie restated an "outperform" rating and set a $115.00 target price on shares of Wynn Resorts in a report on Friday, February 14th. Mizuho upped their price target on shares of Wynn Resorts from $118.00 to $132.00 and gave the company an "outperform" rating in a report on Friday, February 14th. StockNews.com cut shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Finally, Barclays upped their target price on Wynn Resorts from $115.00 to $116.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Two research 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $119.58.

Insider Buying and Selling at Wynn Resorts

In other news, major shareholder Tilman J. Fertitta purchased 11,475 shares of Wynn Resorts stock in a transaction dated Monday, March 24th. The shares were bought at an average cost of $84.93 per share, with a total value of $974,571.75. Following the completion of the transaction, the insider now directly owns 12,600,000 shares in the company, valued at $1,070,118,000. This trade represents a 0.09 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Philip G. Satre bought 22,200 shares of the firm's stock in a transaction on 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 approximately $3,152,095.10. This trade represents a 185.08 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 38,700 shares of company stock worth $3,427,943. Insiders own 0.52% of the company's stock.

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.