Wynn Resorts, Limited (NASDAQ:WYNN) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC increased its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 70.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,971,846 shares of the casino operator's stock after acquiring an additional 1,644,965 shares during the period. Fisher Asset Management LLC owned about 3.62% of Wynn Resorts worth $380,821,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Daiwa Securities Group Inc. grew its holdings in Wynn Resorts by 13.3% during the third quarter. Daiwa Securities Group Inc. now owns 12,058 shares of the casino operator's stock worth $1,156,000 after acquiring an additional 1,416 shares during the period. Cerity Partners LLC grew its holdings in Wynn Resorts by 7.0% during the third quarter. Cerity Partners LLC now owns 53,711 shares of the casino operator's stock worth $5,150,000 after acquiring an additional 3,521 shares during the period. Eagle Asset Management Inc. acquired a new stake in Wynn Resorts during the third quarter worth about $58,486,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Wynn Resorts during the third quarter worth about $202,000. Finally, Prospera Financial Services Inc grew its holdings in Wynn Resorts by 4.1% during the third quarter. Prospera Financial Services Inc now owns 4,616 shares of the casino operator's stock worth $443,000 after acquiring an additional 181 shares during the period. 68.87% of the stock is owned by institutional investors and hedge funds.

Wynn Resorts Price Performance

Shares of NASDAQ:WYNN traded up $2.16 during midday trading on Monday, hitting $93.45. The company had a trading volume of 3,051,750 shares, compared to its average volume of 2,224,336. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The stock has a market cap of $10.26 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 3.28 and a beta of 1.80. The business's 50-day simple moving average is $93.88 and its 200-day simple moving average is $87.99.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.11). Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the business posted $0.99 EPS. Wynn Resorts's revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Wynn Resorts, Limited will post 4.87 EPS for the current year.

Wynn Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.07%. Wynn Resorts's dividend payout ratio is presently 12.33%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Macquarie reiterated an "outperform" rating and set a $120.00 price target on shares of Wynn Resorts in a research report on Tuesday, November 5th. Barclays lowered their price target on Wynn Resorts from $125.00 to $119.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price target on Wynn Resorts from $122.00 to $118.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Stifel Nicolaus lowered their price target on Wynn Resorts from $121.00 to $103.00 and set a "buy" rating on the stock in a research report on Friday, September 13th. Finally, Morgan Stanley increased their price target on Wynn Resorts from $112.00 to $115.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Wynn Resorts presently has an average rating of "Moderate Buy" and a consensus target price of $115.71.

Insider Activity at Wynn Resorts

In other Wynn Resorts news, Director Patricia Mulroy sold 2,650 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $78.73, for a total transaction of $208,634.50. Following the completion of the sale, the director now owns 5,689 shares of the company's stock, valued at $447,894.97. This trade represents a 31.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.52% of the company's stock.

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.