Chiron Investment Management LLC Raises Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Chiron Investment Management LLC boosted its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 618.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,686 shares of the casino operator's stock after acquiring an additional 54,817 shares during the period. Wynn Resorts accounts for about 1.8% of Chiron Investment Management LLC's investment portfolio, making the stock its 22nd largest holding. Chiron Investment Management LLC owned about 0.06% of Wynn Resorts worth $5,487,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. New Wave Wealth Advisors LLC purchased a new position in Wynn Resorts in the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Wynn Resorts during the third quarter valued at approximately $31,000. SBI Securities Co. Ltd. purchased a new position in Wynn Resorts in the 4th quarter worth approximately $36,000. Spire Wealth Management lifted its position 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 acquiring an additional 234 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in Wynn Resorts during the 4th quarter valued at $45,000. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Philip G. Satre acquired 22,200 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average price 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 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 hyperlink. Also, major shareholder Tilman J. Fertitta acquired 100,000 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The stock was purchased at an average price of $67.62 per share, with a total value of $6,762,000.00. Following the completion of the acquisition, the insider now directly owns 13,000,000 shares of the company's stock, valued at $879,060,000. This represents a 0.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 438,700 shares of company stock worth $31,300,943 over the last three months. 0.52% of the stock is owned by insiders.

Wynn Resorts Trading Up 1.4 %

Shares of NASDAQ:WYNN traded up $1.04 during midday trading on Friday, reaching $74.77. 1,559,528 shares of the company were exchanged, compared to its average volume of 2,464,838. The stock has a market cap of $7.94 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 2.35 and a beta of 1.53. The business's fifty day moving average is $82.72 and its two-hundred day moving average is $87.98. Wynn Resorts, Limited has a one year low of $65.25 and a one year high of $107.81.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $1.78 billion. As a group, sell-side analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 24th. This represents a $1.00 annualized dividend and a yield of 1.34%. Wynn Resorts's payout ratio is presently 23.75%.

Analysts Set New Price Targets

WYNN has been the subject of several recent analyst reports. Macquarie restated an "outperform" rating and issued a $115.00 price target on shares of Wynn Resorts in a research note on Friday, February 14th. Barclays upped their target price on shares of Wynn Resorts from $115.00 to $116.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Stifel Nicolaus boosted their price objective on shares of Wynn Resorts from $123.00 to $128.00 and gave the company a "buy" 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 report on Wednesday, March 12th. Finally, Jefferies Financial Group upgraded Wynn Resorts from a "hold" rating to a "buy" rating and boosted their price target for the company from $105.00 to $118.00 in a research note on Tuesday, February 18th. Two investment 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $119.58.

Wynn Resorts 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.