Rockefeller Capital Management L.P. Purchases 88,880 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Rockefeller Capital Management L.P. raised its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 43.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 292,822 shares of the casino operator's stock after acquiring an additional 88,880 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.27% of Wynn Resorts worth $25,230,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new position in Wynn Resorts in the fourth quarter valued at about $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Wynn Resorts in the 3rd quarter worth approximately $31,000. SBI Securities Co. Ltd. bought a new stake in Wynn Resorts during the 4th quarter worth approximately $36,000. Spire Wealth Management increased its holdings in Wynn Resorts by 116.4% during the 4th quarter. Spire Wealth Management now owns 435 shares of the casino operator's stock valued at $37,000 after purchasing an additional 234 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in Wynn Resorts by 15.0% in the 4th quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator's stock valued at $81,000 after purchasing an additional 122 shares during the last quarter. Institutional investors and hedge funds own 88.64% of the company's stock.

Insiders Place Their Bets

In other Wynn Resorts news, major shareholder Tilman J. Fertitta bought 100,000 shares of Wynn Resorts stock in a transaction that occurred on Monday, April 7th. The stock was acquired at an average price of $67.62 per share, for a total transaction of $6,762,000.00. Following the completion of the acquisition, the insider now owns 13,000,000 shares of the company's stock, valued at $879,060,000. This trade represents a 0.78 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Philip G. Satre bought 22,200 shares of the firm's stock in a transaction that occurred on 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 transaction, the director now 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 disclosure for this purchase can be found here. In the last three months, insiders have purchased 438,700 shares of company stock worth $31,300,943. Company insiders own 0.52% of the company's stock.

Wynn Resorts Stock Up 1.4 %

Shares of Wynn Resorts stock traded up $1.04 during trading on Friday, reaching $74.77. 1,559,528 shares of the company were exchanged, compared to its average volume of 2,464,838. Wynn Resorts, Limited has a twelve month low of $65.25 and a twelve month high of $107.81. The business has a 50-day moving average price of $82.72 and a 200-day moving average price of $87.98. The firm has a market capitalization of $7.94 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 2.35 and a beta of 1.53.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $1.15. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. The company had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.78 billion. On average, equities research analysts forecast that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The firm also recently announced 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 of this dividend was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a yield of 1.34%. Wynn Resorts's payout ratio is 23.75%.

Analyst Ratings Changes

WYNN has been the topic of several research analyst reports. Macquarie restated an "outperform" rating and set a $115.00 target price on shares of Wynn Resorts in a report on Friday, February 14th. Morgan Stanley lowered their price objective on shares of Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. Barclays upped their target price on shares of Wynn Resorts from $115.00 to $116.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Jefferies Financial Group raised shares of Wynn Resorts from a "hold" rating to a "buy" rating and raised their price target for the company from $105.00 to $118.00 in a report on Tuesday, February 18th. Finally, Mizuho upped 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 analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus 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.