Holocene Advisors LP Has $72.67 Million Stock Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Holocene Advisors LP grew its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 27,868.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 757,946 shares of the casino operator's stock after purchasing an additional 755,236 shares during the period. Holocene Advisors LP owned approximately 0.69% of Wynn Resorts worth $72,672,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in WYNN. Fisher Asset Management LLC increased its holdings in Wynn Resorts by 70.7% in the third quarter. Fisher Asset Management LLC now owns 3,971,846 shares of the casino operator's stock valued at $380,821,000 after buying an additional 1,644,965 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Wynn Resorts by 29.1% in the second quarter. Renaissance Technologies LLC now owns 1,345,100 shares of the casino operator's stock valued at $120,386,000 after buying an additional 303,033 shares during the last quarter. Regal Partners Ltd increased its holdings in Wynn Resorts by 24.0% in the third quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator's stock valued at $86,168,000 after buying an additional 174,005 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Wynn Resorts by 1.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 624,469 shares of the casino operator's stock valued at $59,874,000 after purchasing an additional 10,465 shares during the last quarter. Finally, Eagle Asset Management Inc. bought a new position in shares of Wynn Resorts during the third quarter valued at approximately $58,486,000. 68.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Wynn Resorts

In other news, Director Patricia Mulroy sold 2,650 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $78.73, for a total value of $208,634.50. Following the transaction, the director now directly owns 5,689 shares of the company's stock, valued at approximately $447,894.97. This represents a 31.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.52% of the company's stock.

Wynn Resorts Price Performance

Shares of NASDAQ:WYNN traded down $2.58 on Tuesday, reaching $93.58. 2,053,902 shares of the company traded hands, compared to its average volume of 3,215,235. Wynn Resorts, Limited has a fifty-two week low of $71.63 and a fifty-two week high of $110.38. The company's 50 day moving average is $95.22 and its 200-day moving average is $87.84. The stock has a market capitalization of $10.28 billion, a PE ratio of 11.54, a P/E/G ratio of 3.53 and a beta of 1.78.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its quarterly earnings data 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 net margin of 13.37% and a negative return on equity of 61.16%. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the company posted $0.99 EPS. Wynn Resorts's revenue was up 1.3% on a year-over-year basis. As a group, analysts expect that Wynn Resorts, Limited will post 4.78 EPS for the current 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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.07%. The ex-dividend date was Friday, November 15th. Wynn Resorts's dividend payout ratio (DPR) is currently 12.33%.

Analyst Ratings Changes

WYNN has been the subject of several recent research reports. StockNews.com lowered Wynn Resorts from a "buy" rating to a "hold" rating in a report on Tuesday, September 17th. Susquehanna upped their target price on Wynn Resorts from $92.00 to $122.00 and gave the company a "positive" rating in a report on Friday, October 11th. Morgan Stanley upped their target price on Wynn Resorts from $112.00 to $115.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. upped their target price on Wynn Resorts from $101.00 to $113.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Finally, Barclays reduced their price objective on Wynn Resorts from $125.00 to $119.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $115.71.

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.