Wynn Resorts, Limited (NASDAQ:WYNN) Shares Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP raised its position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 169.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,454 shares of the casino operator's stock after purchasing an additional 36,731 shares during the period. ExodusPoint Capital Management LP owned about 0.05% of Wynn Resorts worth $5,036,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Wynn Resorts by 18.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,125,668 shares of the casino operator's stock valued at $269,308,000 after purchasing an additional 485,204 shares during the period. Geode Capital Management LLC boosted its stake in Wynn Resorts by 1.1% in the 4th 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. Norges Bank purchased a new stake in Wynn Resorts in the 4th quarter valued at about $117,352,000. Charles Schwab Investment Management Inc. increased its stake in shares of Wynn Resorts by 0.5% during 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 last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Wynn Resorts during the 4th quarter worth about $75,872,000. 88.64% of the stock is owned by institutional investors and hedge funds.

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Wynn Resorts Stock Up 1.2 %

Shares of NASDAQ WYNN traded up $0.89 during trading on Friday, reaching $73.19. 2,710,084 shares of the stock were exchanged, compared to its average volume of 2,456,991. The company has a market capitalization of $7.77 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 2.35 and a beta of 1.53. The business's 50-day moving average price is $83.27 and its 200 day moving average price is $88.68. Wynn Resorts, Limited has a twelve month low of $65.25 and a twelve month high of $107.81.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $1.15. The firm 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%. As a group, sell-side analysts expect that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

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

Analyst Ratings Changes

WYNN has been the subject of a number of recent analyst reports. Stifel Nicolaus boosted their target price on shares of Wynn Resorts from $123.00 to $128.00 and gave the company a "buy" rating in a report on Friday, February 14th. Jefferies Financial Group upgraded Wynn Resorts from a "hold" rating to a "buy" rating and upped their price objective for the stock from $105.00 to $118.00 in a report on Tuesday, February 18th. StockNews.com lowered Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Barclays upped their price target on Wynn Resorts from $115.00 to $116.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, Mizuho raised their price objective on Wynn Resorts from $118.00 to $132.00 and gave the stock an "outperform" 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 given a strong buy rating to the company. Based on data from MarketBeat, Wynn Resorts presently has an average rating of "Moderate Buy" and a consensus price target of $119.58.

Insider Buying and Selling at Wynn Resorts

In other news, Director Philip G. Satre acquired 22,200 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $92.18 per share, for a total transaction of $2,046,396.00. Following the completion of the purchase, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Tilman J. Fertitta purchased 5,025 shares of Wynn Resorts stock in a transaction dated Friday, March 21st. The stock was acquired at an average price of $80.99 per share, for a total transaction of $406,974.75. Following the completion of the transaction, the insider now owns 10,905,025 shares in the company, valued at approximately $883,197,974.75. The trade was a 0.05 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 438,700 shares of company stock worth $31,300,943 in the last 90 days. 0.52% of the stock is owned by corporate insiders.

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.