Marathon Trading Investment Management LLC Makes New $732,000 Investment in Wynn Resorts, Limited (NASDAQ:WYNN)

Marathon Trading Investment Management LLC acquired a new position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 8,500 shares of the casino operator's stock, valued at approximately $732,000.

A number of other large investors have also recently made changes to their positions in the business. New Wave Wealth Advisors LLC purchased a new stake in Wynn Resorts in the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Wynn Resorts in the third quarter worth $31,000. SBI Securities Co. Ltd. purchased a new stake in Wynn Resorts during the fourth quarter valued at $36,000. Spire Wealth Management lifted its holdings in Wynn Resorts by 116.4% in the fourth quarter. Spire Wealth Management now owns 435 shares of the casino operator's stock valued at $37,000 after acquiring an additional 234 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in Wynn Resorts by 15.0% in the fourth quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator's stock worth $81,000 after purchasing an additional 122 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors.

Wynn Resorts Trading Down 2.1 %

Shares of WYNN stock traded down $1.82 during trading hours on Wednesday, reaching $85.56. 1,208,831 shares of the company's stock were exchanged, compared to its average volume of 2,668,612. The stock has a market cap of $9.10 billion, a PE ratio of 20.31, a PEG ratio of 2.35 and a beta of 1.77. Wynn Resorts, Limited has a 1 year low of $71.63 and a 1 year high of $110.38. The stock's fifty day moving average price is $85.43 and its two-hundred day moving average price is $88.54.

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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, beating the consensus estimate of $1.27 by $1.15. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.78 billion. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. On average, equities analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 24th. This represents a $1.00 annualized dividend and a dividend yield of 1.17%. Wynn Resorts's dividend payout ratio is presently 23.75%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WYNN. StockNews.com lowered Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday. Macquarie reaffirmed an "outperform" rating and set a $115.00 price objective on shares of Wynn Resorts in a research report on Friday, February 14th. Mizuho boosted their price objective on Wynn Resorts from $118.00 to $132.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. Barclays lifted their price target on shares of Wynn Resorts from $115.00 to $116.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Finally, Morgan Stanley decreased their price objective on shares of Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $119.58.

Insider Activity

In related news, Director Philip G. Satre purchased 22,200 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was acquired at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the completion of the transaction, the director now directly owns 34,195 shares in the company, valued at approximately $3,152,095.10. The trade was a 185.08 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.52% of the company's stock.

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.