6,482 Shares in Wynn Resorts, Limited (NASDAQ:WYNN) Bought by Candriam S.C.A.

Candriam S.C.A. bought a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,482 shares of the casino operator's stock, valued at approximately $558,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC raised its holdings in Wynn Resorts by 70.7% during the third quarter. Fisher Asset Management LLC now owns 3,971,846 shares of the casino operator's stock worth $380,821,000 after purchasing an additional 1,644,965 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Wynn Resorts during the 4th quarter worth approximately $75,872,000. Holocene Advisors LP raised its stake 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 buying an additional 755,236 shares in the last quarter. Eagle Asset Management Inc. acquired a new stake in shares of Wynn Resorts in the 3rd quarter valued at approximately $58,486,000. Finally, Weiss Asset Management LP acquired a new stake in shares of Wynn Resorts in the 3rd quarter valued at approximately $19,753,000. Institutional investors and hedge funds own 88.64% of the company's stock.

Insider Buying and Selling

In related news, Director Philip G. Satre acquired 22,200 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the acquisition, the director now directly owns 34,195 shares in the company, valued at approximately $3,152,095.10. The trade was a 185.08 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.52% of the stock is currently owned by company insiders.

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Wynn Resorts Trading Down 2.6 %

Shares of NASDAQ WYNN traded down $2.31 during trading on Wednesday, reaching $85.07. The company had a trading volume of 1,099,350 shares, compared to its average volume of 2,666,577. The stock has a market capitalization of $9.05 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 2.35 and a beta of 1.77. The stock has a 50-day moving average price of $85.43 and a two-hundred day moving average price of $88.54. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $1.15. The company had revenue of $1.84 billion for 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%. On average, sell-side analysts predict that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Announces Dividend

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

Wall Street Analyst Weigh In

WYNN has been the subject of several research analyst reports. Jefferies Financial Group upgraded Wynn Resorts from a "hold" rating to a "buy" rating and increased their price objective for the stock from $105.00 to $118.00 in a research report on Tuesday, February 18th. Mizuho increased 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. Stifel Nicolaus raised their price objective 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. StockNews.com lowered shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, Morgan Stanley reduced their price target on shares of Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Wynn Resorts currently has an average rating of "Moderate Buy" and an average price target of $119.58.

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.