Tower Research Capital LLC TRC Grows Position in Wynn Resorts, Limited (NASDAQ:WYNN)

Tower Research Capital LLC TRC grew its stake in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 155.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,667 shares of the casino operator's stock after buying an additional 5,884 shares during the period. Tower Research Capital LLC TRC's holdings in Wynn Resorts were worth $833,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WYNN. MetLife Investment Management LLC lifted its position in Wynn Resorts by 0.7% during the 4th quarter. MetLife Investment Management LLC now owns 24,988 shares of the casino operator's stock worth $2,153,000 after acquiring an additional 177 shares during the period. Norinchukin Bank The lifted its holdings in shares of Wynn Resorts by 7.2% during the fourth quarter. Norinchukin Bank The now owns 4,131 shares of the casino operator's stock worth $356,000 after purchasing an additional 277 shares during the period. Ossiam boosted its position in Wynn Resorts by 39.5% in the fourth quarter. Ossiam now owns 8,022 shares of the casino operator's stock valued at $691,000 after buying an additional 2,271 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in Wynn Resorts by 190.9% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 19,798 shares of the casino operator's stock worth $1,706,000 after buying an additional 12,993 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Wynn Resorts by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 613,343 shares of the casino operator's stock worth $52,845,000 after buying an additional 13,100 shares during the last quarter. 88.64% of the stock is owned by hedge funds and other institutional investors.

Wynn Resorts Trading Up 0.6 %

NASDAQ:WYNN opened at $82.11 on Friday. The firm has a market cap of $8.72 billion, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 2.35 and a beta of 1.53. The stock has a 50 day moving average of $82.06 and a two-hundred day moving average of $87.12. Wynn Resorts, Limited has a 12 month low of $65.25 and a 12 month high of $107.81.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, beating 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 the consensus estimate of $1.78 billion. On average, research analysts forecast that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 24th. This represents a $1.00 annualized dividend and a yield of 1.22%. Wynn Resorts's dividend payout ratio is presently 23.75%.

Analyst Ratings Changes

WYNN has been the topic of a number of research reports. Barclays cut their price objective on shares of Wynn Resorts from $116.00 to $99.00 and set an "overweight" rating on the stock in a research note on Tuesday. StockNews.com cut Wynn Resorts from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th. Argus downgraded Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday. Jefferies Financial Group upgraded Wynn Resorts from a "hold" rating to a "buy" rating and lifted their price target for the company from $105.00 to $118.00 in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus upped their price objective on Wynn Resorts from $123.00 to $128.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Wynn Resorts has a consensus rating of "Moderate Buy" and a consensus target price of $118.17.

Insider Buying and Selling at Wynn Resorts

In other news, Director Philip G. Satre bought 22,200 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the acquisition, the director now directly owns 34,195 shares of the company's stock, valued at $3,152,095.10. This trade represents a 185.08 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Tilman J. Fertitta purchased 300,000 shares of Wynn Resorts stock in a transaction dated Friday, April 4th. The shares were purchased at an average cost of $70.37 per share, for a total transaction of $21,111,000.00. Following the transaction, the insider now owns 12,900,000 shares in the company, valued at approximately $907,773,000. This trade represents a 2.38 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 438,700 shares of company stock worth $31,300,943. Insiders own 0.52% of the company's stock.

About Wynn Resorts

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.

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