U S Global Investors Inc. Increases Position in Wynn Resorts, Limited (NASDAQ:WYNN)

U S Global Investors Inc. lifted its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 103.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,600 shares of the casino operator's stock after buying an additional 5,400 shares during the period. U S Global Investors Inc.'s holdings in Wynn Resorts were worth $913,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC bought a new stake in shares of Wynn Resorts in the 4th quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Wynn Resorts during the 3rd quarter valued at $31,000. Spire Wealth Management lifted its position in shares of 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 in the last quarter. Blue Trust Inc. grew its holdings in Wynn Resorts by 556.0% during the 3rd quarter. Blue Trust Inc. now owns 551 shares of the casino operator's stock valued at $49,000 after buying an additional 467 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in Wynn Resorts by 15.0% during the fourth quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator's stock valued at $81,000 after acquiring an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 88.64% of the company's stock.

Wynn Resorts Stock Performance

Shares of NASDAQ WYNN traded up $1.13 during midday trading on Friday, reaching $89.32. 1,468,241 shares of the stock were exchanged, compared to its average volume of 2,809,046. The stock has a market capitalization of $9.50 billion, a P/E ratio of 21.22, a PEG ratio of 2.35 and a beta of 1.76. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The company has a 50 day simple moving average of $85.35 and a 200 day simple moving average of $87.86.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its earnings results on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.78 billion. On average, research analysts expect that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Monday, February 24th. Wynn Resorts's dividend payout ratio (DPR) is presently 23.75%.

Insider Activity

In other Wynn Resorts news, Director Philip G. Satre purchased 22,200 shares of Wynn Resorts stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average cost of $92.18 per share, with a total value 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 represents a 185.08 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.52% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays increased their price objective on shares of Wynn Resorts from $115.00 to $116.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Macquarie reiterated an "outperform" rating and issued a $115.00 price target on shares of Wynn Resorts in a report on Friday, February 14th. StockNews.com cut shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday. Morgan Stanley lowered their target price on Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Wynn Resorts from $122.00 to $118.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Wynn Resorts has an average rating of "Moderate Buy" and a consensus target price of $119.58.

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.