Wynn Resorts, Limited (NASDAQ:WYNN) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC grew its stake in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 16.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,616,756 shares of the casino operator's stock after buying an additional 228,000 shares during the period. Renaissance Technologies LLC owned 1.47% of Wynn Resorts worth $139,300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Public Sector Pension Investment Board lifted its position in Wynn Resorts by 6.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,078 shares of the casino operator's stock worth $295,000 after acquiring an additional 200 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Wynn Resorts by 41.2% during the third quarter. Captrust Financial Advisors now owns 4,165 shares of the casino operator's stock worth $399,000 after purchasing an additional 1,215 shares during the period. Royal London Asset Management Ltd. boosted its position in Wynn Resorts by 3.3% in the third quarter. Royal London Asset Management Ltd. now owns 41,854 shares of the casino operator's stock valued at $4,013,000 after buying an additional 1,355 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Wynn Resorts by 9.5% in the 3rd quarter. Quantinno Capital Management LP now owns 29,895 shares of the casino operator's stock worth $2,866,000 after buying an additional 2,606 shares during the period. Finally, Wellington Management Group LLP raised its position in Wynn Resorts by 90.6% during the 3rd quarter. Wellington Management Group LLP now owns 115,707 shares of the casino operator's stock worth $11,094,000 after buying an additional 54,995 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at Wynn Resorts

In related news, Director Philip G. Satre purchased 22,200 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $3,152,095.10. This trade represents a 185.08 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Tilman J. Fertitta acquired 100,000 shares of Wynn Resorts stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average price of $67.62 per share, for a total transaction of $6,762,000.00. Following the transaction, the insider now owns 13,000,000 shares of the company's stock, valued at $879,060,000. This represents a 0.78 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 438,700 shares of company stock valued at $31,300,943. Corporate insiders own 0.52% of the company's stock.

Wynn Resorts Trading Up 1.2 %

NASDAQ:WYNN traded up $0.89 during trading hours on Friday, hitting $73.19. 2,710,084 shares of the stock were exchanged, compared to its average volume of 2,459,996. The firm's fifty day moving average price is $83.27 and its 200 day moving average price is $88.66. Wynn Resorts, Limited has a 52-week low of $65.25 and a 52-week high of $107.81. The company has a market cap of $7.77 billion, a P/E ratio of 17.38, a P/E/G ratio of 2.35 and a beta of 1.53.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.78 billion. Equities analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Monday, February 24th. Wynn Resorts's dividend payout ratio is currently 23.75%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of Wynn Resorts from a "hold" rating to a "buy" rating and increased their price objective for the stock from $105.00 to $118.00 in a research note on Tuesday, February 18th. StockNews.com downgraded Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Morgan Stanley decreased their price objective on Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Macquarie reaffirmed an "outperform" rating and set a $115.00 target price on shares of Wynn Resorts in a report on Friday, February 14th. Finally, Barclays boosted their target price on shares of Wynn Resorts from $115.00 to $116.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Wynn Resorts has an average rating of "Moderate Buy" and a consensus price target of $119.58.

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.