Fox Run Management L.L.C. Purchases New Position in Wynn Resorts, Limited (NASDAQ:WYNN)

Fox Run Management L.L.C. bought a new stake in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,459 shares of the casino operator's stock, valued at approximately $1,160,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its holdings in shares of Wynn Resorts by 49.2% during the third quarter. Thrivent Financial for Lutherans now owns 11,683 shares of the casino operator's stock valued at $1,120,000 after buying an additional 3,850 shares during the last quarter. Prospera Financial Services Inc raised its stake in shares of Wynn Resorts by 4.1% in the third quarter. Prospera Financial Services Inc now owns 4,616 shares of the casino operator's stock worth $443,000 after purchasing an additional 181 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Wynn Resorts in the third quarter valued at approximately $202,000. Cerity Partners LLC boosted its position in shares of Wynn Resorts by 7.0% during the third quarter. Cerity Partners LLC now owns 53,711 shares of the casino operator's stock valued at $5,150,000 after buying an additional 3,521 shares during the last quarter. Finally, 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 buying an additional 1,416 shares in the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WYNN shares. Mizuho lifted their price objective on shares of Wynn Resorts from $118.00 to $132.00 and gave the stock 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 report on Wednesday, March 12th. Barclays lifted their target price on shares of Wynn Resorts from $115.00 to $116.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Jefferies Financial Group raised Wynn Resorts from a "hold" rating to a "buy" rating and upped their target price for the company from $105.00 to $118.00 in a report on Tuesday, February 18th. Finally, Morgan Stanley dropped their price target on Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $119.58.

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Insider Activity at Wynn Resorts

In related news, Director Philip G. Satre acquired 22,200 shares of the stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of $92.18 per share, for a total transaction of $2,046,396.00. Following the transaction, the director now owns 34,195 shares in the company, 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 through the SEC website. Also, major shareholder Tilman J. Fertitta purchased 5,025 shares of the company's stock in a transaction on Friday, March 21st. The shares were purchased at an average cost of $80.99 per share, with a total value of $406,974.75. Following the purchase, the insider now owns 10,905,025 shares of the company's stock, valued at approximately $883,197,974.75. The trade was a 0.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 38,700 shares of company stock valued at $3,427,943. Company insiders own 0.52% of the company's stock.

Wynn Resorts Price Performance

Shares of Wynn Resorts stock traded up $1.16 during trading hours on Tuesday, reaching $86.03. The company had a trading volume of 4,453,275 shares, compared to its average volume of 2,289,260. Wynn Resorts, Limited has a one year low of $71.63 and a one year high of $110.38. The firm has a market cap of $9.13 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 2.35 and a beta of 1.77. The business has a fifty day simple moving average of $85.78 and a 200 day simple moving average of $89.06.

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 negative return on equity of 71.17% and a net margin of 7.03%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.78 billion. On average, research analysts forecast 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. Investors of record on Monday, February 24th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.16%. Wynn Resorts's dividend payout ratio (DPR) is presently 23.75%.

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.