Wynn Resorts, Limited (NASDAQ:WYNN) Shares Purchased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lifted its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,948 shares of the casino operator's stock after buying an additional 4,094 shares during the period. Royal London Asset Management Ltd.'s holdings in Wynn Resorts were worth $3,959,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC raised its stake in shares of Wynn Resorts by 70.7% during the third quarter. Fisher Asset Management LLC now owns 3,971,846 shares of the casino operator's stock worth $380,821,000 after purchasing an additional 1,644,965 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Wynn Resorts by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,406,260 shares of the casino operator's stock worth $229,945,000 after acquiring an additional 34,907 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Wynn Resorts by 0.5% in the fourth 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 in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Wynn Resorts during the fourth quarter worth about $75,872,000. Finally, Holocene Advisors LP raised its holdings in Wynn Resorts by 27,868.5% during the third quarter. Holocene Advisors LP now owns 757,946 shares of the casino operator's stock worth $72,672,000 after purchasing an additional 755,236 shares in the last quarter. 88.64% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other Wynn Resorts news, Director Philip G. Satre purchased 22,200 shares of the stock in a transaction on Tuesday, February 18th. The stock was bought at an average price 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 represents a 185.08 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Tilman J. Fertitta acquired 11,475 shares of the business's stock in a transaction dated Monday, March 24th. The shares were bought at an average price of $84.93 per share, for a total transaction of $974,571.75. Following the completion of the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 38,700 shares of company stock valued at $3,427,943. Company insiders own 0.52% of the company's stock.

Wynn Resorts Trading Up 1.4 %

Shares of NASDAQ WYNN traded up $1.16 during trading on Tuesday, reaching $86.03. The company had a trading volume of 4,496,357 shares, compared to its average volume of 2,293,482. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The stock has a 50-day moving average price of $85.78 and a two-hundred day moving average price of $89.06. The stock has a market capitalization of $9.13 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 2.35 and a beta of 1.77.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its earnings results 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. 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, sell-side analysts predict that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 annualized dividend and a yield of 1.16%. Wynn Resorts's payout ratio is currently 23.75%.

Analyst Ratings Changes

Several research firms have issued reports on WYNN. Jefferies Financial Group upgraded Wynn Resorts from a "hold" rating to a "buy" rating and boosted their target price for the stock from $105.00 to $118.00 in a research report on Tuesday, February 18th. Mizuho increased their price objective on Wynn Resorts from $118.00 to $132.00 and gave the stock an "outperform" rating in a research report on Friday, February 14th. StockNews.com lowered shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Macquarie reiterated an "outperform" rating and issued a $115.00 price target on shares of Wynn Resorts in a report on Friday, February 14th. Finally, Stifel Nicolaus boosted their price objective on shares of Wynn Resorts from $123.00 to $128.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $119.58.

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.