Keybank National Association OH Has $2.88 Million Stock Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Keybank National Association OH increased its position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 137.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,402 shares of the casino operator's stock after purchasing an additional 19,346 shares during the quarter. Keybank National Association OH's holdings in Wynn Resorts were worth $2,878,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Regal Partners Ltd raised its position in shares of 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 purchasing an additional 174,005 shares during the period. Wellington Management Group LLP raised its holdings in Wynn Resorts by 90.6% in the 3rd quarter. Wellington Management Group LLP now owns 115,707 shares of the casino operator's stock valued at $11,094,000 after acquiring an additional 54,995 shares during the period. Crystal Rock Capital Management bought a new position in Wynn Resorts in the 3rd quarter valued at about $719,000. Empirical Asset Management LLC acquired a new stake in Wynn Resorts during the fourth quarter worth approximately $903,000. Finally, ARGA Investment Management LP bought a new stake in shares of Wynn Resorts during the third quarter worth approximately $2,174,000. Institutional investors own 88.64% of the company's stock.

Wynn Resorts Price Performance

WYNN traded down $0.30 during trading on Monday, hitting $88.42. 2,766,870 shares of the stock traded hands, compared to its average volume of 2,729,833. The business has a 50 day moving average price of $85.35 and a 200 day moving average price of $88.39. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The company has a market cap of $9.41 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 2.35 and a beta of 1.77.

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Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $1.15. The company had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.78 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. On average, equities research analysts predict that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Monday, February 24th. Wynn Resorts's payout ratio is 23.75%.

Insider Transactions at Wynn Resorts

In other Wynn Resorts news, Director Philip G. Satre acquired 22,200 shares of the stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average cost of $92.18 per share, with a total value of $2,046,396.00. Following the transaction, the director now owns 34,195 shares in the company, valued at approximately $3,152,095.10. The trade was a 185.08 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on WYNN shares. Jefferies Financial Group upgraded Wynn Resorts from a "hold" rating to a "buy" rating and increased their target price for the stock from $105.00 to $118.00 in a research note on Tuesday, February 18th. Morgan Stanley lowered their price objective on Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. Stifel Nicolaus boosted their target price on shares of Wynn Resorts from $123.00 to $128.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Mizuho raised their price target on shares of Wynn Resorts from $118.00 to $132.00 and gave the stock an "outperform" rating in a research report on Friday, February 14th. Finally, Barclays lifted their price objective on shares of Wynn Resorts from $115.00 to $116.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $119.58.

Wynn Resorts Company 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.