RBF Capital LLC Invests $862,000 in Wynn Resorts, Limited (NASDAQ:WYNN)

RBF Capital LLC acquired a new stake in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,000 shares of the casino operator's stock, valued at approximately $862,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Wynn Resorts by 18.4% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,125,668 shares of the casino operator's stock worth $269,308,000 after purchasing an additional 485,204 shares during the last quarter. Geode Capital Management LLC increased its holdings in Wynn Resorts by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 2,433,052 shares of the casino operator's stock worth $209,120,000 after buying an additional 26,792 shares during the last quarter. Renaissance Technologies LLC raised its position in Wynn Resorts by 16.4% during the fourth quarter. Renaissance Technologies LLC now owns 1,616,756 shares of the casino operator's stock worth $139,300,000 after acquiring an additional 228,000 shares in the last quarter. Norges Bank acquired a new stake in Wynn Resorts in the fourth quarter valued at $117,352,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Wynn Resorts by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 952,442 shares of the casino operator's stock valued at $82,062,000 after acquiring an additional 5,032 shares during the period. Institutional investors and hedge funds own 88.64% of the company's stock.

Insider Transactions at Wynn Resorts

In other Wynn Resorts news, Director Philip G. Satre bought 22,200 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the transaction, the director now directly owns 34,195 shares in the company, valued at approximately $3,152,095.10. This represents a 185.08 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Tilman J. Fertitta purchased 11,475 shares of the firm's stock in a transaction on Monday, March 24th. The stock was acquired at an average price of $84.93 per share, with a total value of $974,571.75. Following the completion of the transaction, the insider now owns 12,600,000 shares in the company, valued at approximately $1,070,118,000. This trade represents a 0.09 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 438,700 shares of company stock worth $31,300,943. Corporate insiders own 0.52% of the company's stock.

Wall Street Analysts Forecast Growth

WYNN has been the subject of several recent analyst reports. Argus downgraded shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday. Macquarie reiterated an "outperform" rating and set a $115.00 target price on shares of Wynn Resorts in a research note on Friday, February 14th. Jefferies Financial Group upgraded Wynn Resorts from a "hold" rating to a "buy" rating and increased their price target for the company from $105.00 to $118.00 in a research note on Tuesday, February 18th. Mizuho increased their price objective on shares of Wynn Resorts from $118.00 to $132.00 and gave the company an "outperform" rating in a research report on Friday, February 14th. Finally, Morgan Stanley reduced their target price on shares of Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Wynn Resorts currently has a consensus rating of "Moderate Buy" and an average price target of $118.17.

Wynn Resorts Trading Up 0.6 %

NASDAQ WYNN traded up $0.53 during midday trading on Friday, hitting $82.11. The company had a trading volume of 1,466,758 shares, compared to its average volume of 2,489,179. Wynn Resorts, Limited has a twelve month low of $65.25 and a twelve month high of $107.81. The company has a market capitalization of $8.72 billion, a PE ratio of 19.50, a P/E/G ratio of 2.35 and a beta of 1.53. The firm has a 50-day moving average price of $82.06 and a 200-day moving average price of $87.00.

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

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.22%. The ex-dividend date was Monday, February 24th. Wynn Resorts's payout ratio is 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.