8,869 Shares in Wynn Resorts, Limited (NASDAQ:WYNN) Acquired by Chiron Investment Management LLC

Chiron Investment Management LLC bought a new stake in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,869 shares of the casino operator's stock, valued at approximately $850,000.

Other institutional investors have also recently added to or reduced their stakes in the company. First Dallas Securities Inc. increased its stake in Wynn Resorts by 124.4% during the third quarter. First Dallas Securities Inc. now owns 52,406 shares of the casino operator's stock worth $5,025,000 after acquiring an additional 29,055 shares during the last quarter. Geode Capital Management LLC increased its stake in Wynn Resorts by 1.5% during the third quarter. Geode Capital Management LLC now owns 2,406,260 shares of the casino operator's stock worth $229,945,000 after acquiring an additional 34,907 shares during the last quarter. M&T Bank Corp increased its stake in Wynn Resorts by 8.7% during the third quarter. M&T Bank Corp now owns 4,358 shares of the casino operator's stock worth $418,000 after acquiring an additional 348 shares during the last quarter. Groupama Asset Managment acquired a new stake in Wynn Resorts during the third quarter worth about $212,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in Wynn Resorts by 15.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 30,977 shares of the casino operator's stock worth $2,970,000 after acquiring an additional 4,212 shares during the last quarter. Hedge funds and other institutional investors own 88.64% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on WYNN shares. StockNews.com lowered Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Tuesday, September 17th. Susquehanna increased their target price on Wynn Resorts from $92.00 to $122.00 and gave the company a "positive" rating in a research note on Friday, October 11th. Barclays lowered their target price on Wynn Resorts from $125.00 to $119.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. UBS Group upgraded Wynn Resorts to a "hold" rating in a research note on Friday, August 23rd. Finally, Stifel Nicolaus lowered their target price on Wynn Resorts from $121.00 to $103.00 and set a "buy" rating for the company in a research note on Friday, September 13th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Wynn Resorts currently has a consensus rating of "Moderate Buy" and an average price target of $115.71.

Insiders Place Their Bets

In related news, Director Patricia Mulroy sold 2,650 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $78.73, for a total value of $208,634.50. Following the sale, the director now owns 5,689 shares of the company's stock, valued at approximately $447,894.97. This trade represents a 31.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.52% of the stock is currently owned by company insiders.

Wynn Resorts Trading Down 0.1 %

NASDAQ WYNN traded down $0.14 during mid-day trading on Wednesday, reaching $94.81. 632,878 shares of the company's stock traded hands, compared to its average volume of 2,204,602. Wynn Resorts, Limited has a 1-year low of $71.63 and a 1-year high of $110.38. The company has a fifty day simple moving average of $95.54 and a 200-day simple moving average of $87.79. The company has a market cap of $10.41 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 3.45 and a beta of 1.78.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its earnings results on Monday, November 4th. The casino operator reported $0.90 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.11). Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the business earned $0.99 EPS. The company's quarterly revenue was up 1.3% on a year-over-year basis. Equities research analysts forecast that Wynn Resorts, Limited will post 4.79 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Friday, November 15th. Wynn Resorts's dividend payout ratio is presently 12.33%.

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.